1. (a) All the real property in the district, except the property that is exempt under section 4 of this chapter, constitutes a taxing district for the purpose of levying special benefit taxes to pay for the following:

   1. (1) The expenses of establishing the district.
   2. (2) General preliminary and administrative expenses.
   3. (3) The expenses of preparing the district plan.
   4. (4) The expenses of putting the district plan into operation by constructing the necessary works.
   5. (5) The expenses of operating and maintaining the district.

2. (b) The special tax:

   1. (1) equals the amount of benefits received; and

   2. (2) must be based on return for the benefits.

      [Pre-1995 Recodification Citation: 13-3-3-59(a).]

As added by P.L.1-1995, SEC.26.