Sec. 21. (a) Not later than April 15 of each year, a commission that administers a flood control improvement fund established under section 16 of this chapter shall file with the mayor and the fiscal body of the unit that established the commission a report setting out the commission's activities with regard to the flood control improvement fund during the preceding calendar year.

(b) The report required by subsection (a) must include the following:

(1) Revenues received.

(2) Expenses paid.

(3) Fund balances.

(4) The amount and maturity date of all outstanding obligations.

(5) The amount paid on outstanding obligations.

(6) A list of all the parcels included in the allocation area and the base assessed value and incremental assessed value for each parcel.

(c) The report filed under subsection (a) is a public record and must be made available for inspection to an owner of special flood hazard property that is located within the district for which the report is made.

(d) A copy of the report filed under subsection (a) must be submitted to the department of local government finance in an electronic format.

(e) The commission shall also provide a copy of the report filed under subsection (a) to the following:

(1) The board of public works that recommended the establishment of the district.

(2) A certified neighborhood association located within the boundaries of the district.

(f) The fiscal body of a unit, the department of local government finance, or the board of public works may post a copy of the commission's report on an Internet web site maintained by the fiscal body of the unit, the department of local government finance, or the board of public works.

As added by P.L.61-2018, SEC.1. Amended by P.L.257-2019, SEC.132.