Bill Texts: IN HB1473 | 2019 | Regular Session

Bill Title: Indiana bond bank. Allows the Indiana bond bank to require certain entities to establish separate reserve accounts as additional security in connection with the issuance of bonds or notes. Allows and establishes terms and procedures for certain entities to assign or otherwise transfer a future stream of revenue to the Indiana bond bank or certain other entities to obtain funding. Establishes conditions under which the state board of finance may sell, transfer, or liquidate agreements that evidence the state's right to make deductions from state tuition support to pay advances from the common school fund under the school corporation and charter school safety advance program. Provides that the state board of education must report to the budget committee each year on any defaults on the repayment of advances from the common school fund by charter schools that have closed or otherwise ceased operations. Requires the department of local government finance to notify the Lake County auditor of the estimated and certified tax revenue that will be withheld from revenue allocated for economic development purposes for certain civil taxing units and distributed to the secretary-treasurer of the northwest Indiana regional development authority (authority). Requires the auditor of state to withhold local income tax revenue from the revenue allocated for economic development purposes for certain civil taxing units in Lake County and distribute it to the secretary-treasurer of the authority. Provides for distribution of certain amounts collected by the authority if a full funding grant agreement is not entered into for the West Lake corridor project.

Spectrum: Bipartisan Bill

Status: (Passed) 2019-05-05 - Public Law 259 [HB1473 Detail]

Bill Drafts

RevisionDateFormatSourceView
Enrolled2019-04-16PDFLinkView
Engrossed2019-04-16PDFLinkView
Engrossed2019-04-04PDFLinkView
Amended2019-04-04PDFLinkView
Amended2019-03-27PDFLinkView
Amended2019-03-26PDFLinkView
Amended2019-02-04PDFLinkView
Introduced2019-02-04PDFLinkView
Introduced2019-01-15PDFLinkView

Amendments

AmendmentDateDispositionFormatSourceView
No bill amendments currently on file for Indiana HB1473

Supplemental Documents

TitleDescriptionDateFormatSourceView
No supplemental documents for Indiana HB1473 currently on file.

Social Comments on IN HB1473

feedback