If:(1) the board fails to produce within two (2) years satisfactory evidence of progress in the preparation of the district plan; or(2) federal or state money, or both, contemplated in the petition for the establishment of the district appears to be unavailable;it is prima facie evidence that the district should be dissolved.[Pre-1995 Recodification Citation: 13-3-3-97(b).]As added by P.L.1-1995, SEC.26.
Indiana Legal Code