(a) By March 1 of each year or upon the creation of an improvement district or protection district, an improvement district or protection district that uses or intends to use the county collector for collection of improvement district assessments or protection district assessments shall:
(1)
(A) File an annual report with the county clerk in any county in which a portion of the improvement district or protection district is located.
(B) The annual report shall be available for inspection and copying by assessed landowners in the district.
(C) The county clerk shall not charge any costs or fees for filing the annual report.
(D) The improvement district or protection district shall deliver a filed copy of the annual report to the county collector within five (5) days of filing; and
(2) The annual report shall contain the following information as of December 31 of the current calendar year:
(A) Identification of the primary statute under which the improvement district or protection district was formed;
(B) A general statement of the purpose of the improvement district or protection district;
(C) A list of contracts, identity of the parties to the contracts, and obligations of the improvement district or protection district;
(D)
(i) Any indebtedness, including bonded indebtedness, and the reason for the indebtedness.
(ii) The stated payout or maturity date of the indebtedness, if any, shall be included.
(iii) The total existing delinquent assessments and the party responsible for the collection;
(E) Identification of the improvement district or protection district commissioners and contact information;
(F) The date, time, and location for any scheduled meeting of the improvement district or protection district for the following year;
(G) The contact information for the improvement district or protection district assessor;
(H) Information concerning to whom the county treasurer is to pay improvement district or protection district assessments;
(I) An explanation of the statutory penalties, interest, and costs;
(J) The method used to compute improvement district or protection district assessments; and
(K) A statement itemizing the income and expenditures of the improvement district or protection district, including a statement of fund and account activity for the improvement district or protection district.
(b)
(1) An improvement district or protection district that does not comply with subsection (a) of this section commits a violation punishable by a fine of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) for each offense.
(2) A fine recovered under subdivision (b)(1) of this section shall be deposited into the county clerk's cost fund.
(c)
(1) On or before December 31, the improvement district or protection district shall file its list of special assessments for the following calendar year with the county clerk.
(2)
(A) After filing the list of special assessments, the improvement district or protection district shall deliver a copy of the filed list of special assessments to the preparer of the tax books.
(B) If the county collector is not the designated preparer of the tax books, the improvement district or protection district shall deliver a copy of the filed list of special assessments to the county collector.
(3) The list of special assessments shall contain:
(A) A list of each parcel with an assessment levied against it within the improvement district or protection district; and
(B) The contact information for the improvement district assessor or protection district assessor.
(4) The list of fees shall not include assessments on parcels that otherwise would not appear on the tax books for the following year.
(5) After the December 31 deadline to file the list of special assessments, the county collector may reject an assessment submitted by the improvement district or protection district for inclusion in the list of special assessments.