Rep. Elizabeth Rowray

Requires one member of a municipal or county redevelopment commission (commission) appointed by the executive of the municipality or county after December 31, 2021, to be an individual nominated by the governing body of the school corporation within the territory. Effective January 1, 2022, eliminates the appointment of and term of office of a nonvoting adviser to the commission. Requires a redevelopment commission to provide notice of an annual meeting to the: (1) president of the governing body; and (2) superintendent; of each school corporation that is wholly or partly located within the allocation area established by the commission. Requires a redevelopment commission to provide notice of an adopted resolution that designates or amends an allocation area to the: (1) president of the governing body; and (2) superintendent; of each school corporation that is wholly or partly located within the allocation area established by the commission. Requires certain percentages of incremental revenue collected in an allocation area be distributed among taxing units wholly or partly located within the allocation area and provides a schedule for the percentage that must be distributed each year.

Requires that the February count of a school corporation's average daily membership (ADM) must be increased by the number of students who, during the students' expected graduation year: (1) were enrolled in the school corporation on the September ADM count day; (2) completed graduation requirements before the February ADM count day; and (3) were not enrolled in the school corporation on the February ADM count day.