HB 1729-20_ Filed 01/24/2001, 10:08


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


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HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1729 be amended to read as follows:

SOURCE: Page 1, line 1; (01)MO172937.1. -->     Page 1, between line 1 and the enacting clause, begin a new paragraph and insert:
SOURCE: IC 4-31-5-15; (01)MO172937.1. -->     "SECTION 1. IC 4-31-5-15 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2001]: Sec. 15. Except as provided in IC 4-31-14-7.5, any fees or penalties collected by the commission under IC 4-31-3-9(1)(E) through IC 4-31-3-9(1)(G) shall be paid into the state general fund.".
SOURCE: Page 2, line 1; (01)MO172937.2. -->     Page 2, line 1, delete "Deposit" and insert " Except as provided in IC 4-33-14-6.5, deposit".
    Page 33, between lines 7 and 8, begin a new paragraph and insert:
    " Sec. 7.5. The commission shall deposit fines imposed under section 7 of this chapter in the women and minority business assistance fund established under section 11 of this chapter.".
    Page 33, between lines 23 and 24, begin a new paragraph and insert:
    " Sec. 11. (a) The women and minority business assistance fund is established for the purpose of assisting women and minority businesses. The fund shall be administered by the commission. The fund consists of fines and penalties imposed by the commission under section 7 of this chapter.
    (b) The expenses of administering the fund shall be paid from money in the fund.
    (c) The treasurer of state shall invest money in the fund not currently needed to meet the obligations of the fund in the same

manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the fund.
    (d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
".
    Page 47, between lines 21 and 22, begin a new paragraph and insert:

SOURCE: IC 4-33-14-6.5; (01)MO172937.60. -->     "SECTION 60. IC 4-33-14-6.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2001]: Sec. 6.5. The commission shall deposit fines imposed under section 6 of this chapter in the minority and women business assistance fund established under section 11 of this chapter.
SOURCE: IC 4-33-14-11; (01)MO172937.61. -->     SECTION 61. IC 4-33-14-11 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2001]: Sec. 11. (a) The minority and women business assistance fund is established for the purpose of assisting minority and women businesses. The fund shall be administered by the commission. The fund consists of fines and penalties imposed by the commission under section 7 of this chapter.
    (b) The expenses of administering the fund shall be paid from money in the fund.
    (c) The treasurer of state shall invest money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the fund.
    (d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1729 as printed January 22, 2001.)

________________________________________

Representative Crawford


MO172937/DI 92     2001