Pursuant to Indiana Redevelopment Code (IC 36-7-14), the Redevelopment Commission is responsible for the accounting and management of the City of Gary’s tax increment financing (TIF) districts, or allocation areas. TIF revenues are disbursed into each fund bi-annually and are budgeted for two purposes: A) to fund projects, programs, and improvements that advance the established redevelopment plan and B) finance bonds for those allocation areas established to fund a single project; in such instances, the TIF fund is closed upon retirement of the bond(s).