Wastewater facility improvement districts.

Authorizes the establishment in Indianapolis or a second class or third class city of one or more wastewater facility improvement districts (district) in which incremental property tax revenue is captured to provide funds for the connection of properties in the district to the municipal sewer system. Provides that the board of public works of a city may: (1) propose the establishment of a district; (2) establish the boundaries of the proposed district; (3) identify and notify the owners of property in the district; (4) create a proposed plan for connecting properties in the district to the municipal sewer system; (5) hold a public hearing on the proposed plan; and (6) recommend the establishment of the district to the city's metropolitan development commission or redevelopment commission (commission). Provides that the commission: (1) shall review the recommendation of the board; (2) may, subject to the approval of the legislative body of the city, adopt a resolution designating one or more wastewater facility improvement districts within the city; (3) publish notice of the adoption and substance of the resolution and file information with each taxing unit having authority to levy property taxes in the geographic area of the district; (4) hold a public hearing; and (5) take final action determining the public utility and benefit of the district's allocation area and confirming, modifying and confirming, or rescinding the resolution. Allows a person aggrieved by the commission's final action to file a remonstrance in circuit or superior court. Requires the court to hear the remonstrance and confirm or modify and confirm the commission's final action or sustain the remonstrance. Provides that, if a district is established, the incremental property tax revenue from the district shall be deposited in the wastewater facility improvement fund (fund) of the district and may be used only to connect properties in the district to the municipal sewer system. Authorizes the issuance of bonds payable from a district's fund. Requires the commission to make an annual report on each district to the city fiscal body and the department of local government finance.