Resolution 10-12

HEA 1001 has amended Indiana Code 5-28-15-10, enabling the fiscal body of a municipality, in this case the Bloomington Common Council, to authorize the extension of an enterprise zone an additional five years. This is regardless of whether the enterprise zone has previously been renewed under subsections (c) and (d) of the code. The extension adds five years to the current expiration date of January 31, 2012, creating a new expiration date of January 31, 2017. The enterprise zone is not renewable beyond this date under current law.