1. (a) This chapter applies to a town that satisfies either of the following criteria:

   1. (1) The town contains a qualified historic hotel.
   2. (2) The town contains a historic hotel and is adjacent to another town containing a qualified historic hotel.

2. (b) The towns described in subsection (a) may enter into an interlocal agreement under IC 36-1-7 to establish a historic hotel district under this chapter. The historic hotel district:

   1. (1) may not include any area outside the county of the towns that enter into the interlocal agreement; and

   2. (2) consists solely of the real property that is:

      1. (A) owned by the historic hotels; and
      2. (B) part of the tract of land (as defined in IC 6-1.1-1-22.5 ) that includes the parcel or parcels of land upon which the historic hotel building is located.

As added by P.L.92-2003, SEC.62.