Sec. 7. (a) A district board shall do the following:
(1) Coordinate development activities within the district.
(2) Serve as a catalyst for development within the district.
(3) Promote the district to outside groups and individuals.
(4) Establish a formal line of communication with residents and businesses in the district.
(5) Act as a liaison among residents, businesses, the municipality, and the board for any development activity that may affect the district or district residents.
(6) Use revenue derived from:
(A) registration fees paid under section 4(a)(2)(A) of this chapter; and
(B) amounts paid under section 4(b) of this chapter;
only for the administration of the district and the benefit of district businesses.
(b) A district board shall:
(1) develop metrics for the annual reporting of information about the district to the legislative body of the qualified municipality that established the district; and
(2) submit the metrics for approval to the legislative body of the qualified municipality and the executive of the qualified municipality.
The metrics for the annual reporting of information may be revised and reapproved from time to time.
(c) Each year before September 1, a district board shall present a written report to the legislative body of the qualified municipality that established the district. The annual written report must provide information about the district in terms of the metrics approved under subsection (b).
As added by P.L.238-2017, SEC.4.
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