1. (a) The district shall establish a regional economic development fund.

2. (b) The fund consists of:

   1. (1) revenues received under section 16 of this chapter;
   2. (2) property taxes allocated to the district under section 17 of this chapter; and
   3. (3) any other funds made available to the district for the purposes of economic development within a global commerce center.

3. (c) Money in the fund may be used to:

   1. (1) provide rent subsidies to businesses locating in the global commerce center; and
   2. (2) maintain, improve, and expand economic development projects located in a global commerce center and the surrounding communities.

As added by P.L.203-2005, SEC.2.