February 17, 2000





ENGROSSED

SENATE BILL No. 245

_____


DIGEST OF SB 245 (Updated February 16, 2000 12:30 PM - DI 58)



Citations Affected: Noncode.

Synopsis: University bonding authorization. Provides that the bonding authorization in the 1999 budget for the undergraduate business school at the Bloomington campus of Indiana University is for an addition instead of a renovation. Increases the bonding authority for the University of Southern Indiana science education building. Provides that the maximum amount of bonds that may be issued for the Purdue Memorial Union project is $9,500,000 (instead of providing that the cost of the project may not exceed $9,500,000). Eliminates a provision concerning bonding authority for the recreation-gymnasium project at the West Lafayette campus.

Effective: Upon passage.





Mills, Simpson, Alting
(HOUSE SPONSORS _ BAUER, KLINKER, KRUZAN)




    January 10, 2000, read first time and referred to Committee on Finance.
    January 27, 2000, amended, reported favorably _ Do Pass.
    January 31, 2000, read second time, ordered engrossed. Engrossed.
    February 7, 2000, read third time, passed. Yeas 50, nays 0.

HOUSE ACTION

    February 10, 2000, read first time and referred to Committee on Ways and Means.
    February 16, 2000, amended, reported _ Do Pass.






February 17, 2000

Second Regular Session 111th General Assembly (2000)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 1999 General Assembly.

ENGROSSED

SENATE BILL No. 245



    A BILL FOR AN ACT concerning university bonds.

Be it enacted by the General Assembly of the State of Indiana:

    SECTION 1. P.L.273-1999, SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: The trustees of Indiana University, Purdue University, Indiana State University, Ball State University, University of Southern Indiana, and Ivy Tech State College may issue and sell bonds under IC 20-12-6 , subject to the approvals required by IC 20-12-5.5 and IC 23-13-18 , for the following projects so long as for each institution the sum of principal costs of any bond issued, excluding amounts necessary to provide money for debt service reserves, credit enhancement, or other costs incidental to the issuance of the bonds, does not exceed the total authority listed below for that institution:
    INDIANA UNIVERSITY-Bloomington Campus
        Undergraduate Business School Renovation Addition
                        10,500,000
    INDIANA UNIVERSITY-Kokomo Campus
        New Science and Allied Health Building
                        12,792,000
    INDIANA UNIVERSITY-Northwest Campus


        Professional Education Building
                        16,601,000
    INDIANA UNIVERSITY-South Bend Campus
        Student Activities Center
                        15,671,000
    INDIANA UNIVERSITY PURDUE UNIVERSITY AT
    INDIANAPOLIS
        Classroom Building University Information
        Technology Services (UITS)
                        15,150,000
    PURDUE UNIVERSITY-West Lafayette Campus
        Visual Performing Arts Building
                        20,750,000
        Boiler Upgrade Phase II
                        18,554,000
    INDIANA STATE UNIVERSITY
        Power Plant
                        16,601,000
    BALL STATE UNIVERSITY
        South Quadrangle Project
                        16,800,000
    IVY TECH STATE COLLEGE
        Bloomington Campus
                        20,000,000
    UNIVERSITY OF SOUTHERN INDIANA
        Science Education Building
                        12,600,000 21,600,000
    SECTION 2. P.L.273-1999, SECTION 39, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: (a) The trustees of Purdue University may issue and sell bonds under IC 20-12-6, subject to the approvals required by IC 20-12-5.5, in an amount not to exceed nine million five hundred thousand dollars ($9,500,000) for the purpose of constructing, remodeling, renovating, furnishing, and equipping the Purdue Memorial Union project at the West Lafayette campus. However, the trustees of Purdue University may not issue and sell bonds under IC 20-12-6 if the cost of the Purdue Memorial Union project exceeds nine million five hundred thousand dollars ($9,500,000).
    (b) Bonding authority granted by this SECTION is not eligible for fee replacement appropriations.
    (c) The construction and operation by Purdue University of the following facilities is authorized and approved:
        (1) Fort Wayne campus parking garage number one (1) - $4,870,000.
        (2) Fort Wayne campus parking garage number two (2) -          $7,200,000.
The projects approved under this subsection are financed through lease-purchase arrangements. No bonding authority is approved and the projects are not eligible for fee replacement.
    (d) Notwithstanding P.L.260-1997(ss), SECTION 32, the trustees of the University of Southern Indiana may issue and sell bonds under IC 20-12-6, subject to the approvals required by IC 20-12-5.5 for the wellness/fitness recreational facility, so long as the costs of acquiring, constructing, remodeling, renovating, furnishing, or equipping the project financed by any series of bonds issued does not exceed four million two hundred thousand dollars ($4,200,000). This project is not eligible for fee replacement.
    (e) The trustees of Purdue University may issue and sell bonds under IC 20-12-6, subject to the approvals required by IC 20-12-5.5, for the purpose of constructing, remodeling, renovating, furnishing, and equipping the Recreation Gymnasium project ($5,000,000) at the West Lafayette campus. The projects approved under this subsection are financed through lease-purchase arrangements. No bonding authority is approved and the projects are not eligible for fee replacement.
    SECTION 2. An emergency is declared for this act.