SOURCE: Page 2, line 14; (01)MO194102.2. -->
Page 2, line 14, delete "subsection (d)" and insert "
subsection (e)".
Page 2, line 15, delete "subsection (e)" and insert "
subsection (g)".
Page 2, between lines 22 and 23, begin a new paragraph and insert:
"
(d) If an election is made as described in subsection (e), the
state board of tax commissioners shall determine under subsection
(g) the unit value on a consolidated basis of the following public
utility companies:
(1) A not-for-profit corporation organized under IC 23-17
whose members are local district corporations (as defined in
IC 8-1-13-23(b)).
(2) Each local district corporation (as defined in
IC 8-1-13-23(b)) that is a member of the not-for-profit
corporation under subdivision (1).".
Page 2, line 23, delete "(d)" and insert "
(e)".
Page 2, line 24, delete "(e)" and insert "
(g)".
Page 2, line 24, delete "the general" and insert "
:".
Page 2, delete lines 25 through 27, begin a new line block indented
and insert:
"
(1) the general district corporation and all of the local
district corporations that are members of the general district
corporation; or
(2) the not-for-profit corporation and all of the local district
corporations that are members of the not-for-profit
corporation.
(f) The corporations must make the election under subsection (e)
annually.".
Page 2, line 28, delete "(e)" and insert "
(g)".
Page 2, line 28, after "subsection (c)" insert "
or (d)".
Page 2, line 29, delete "subsection (d)" and insert "
subsection (e)".
Page 2, line 38, delete "IC 6-1.1-8-26(d)" and insert "
IC
6-1.1-8-26(e)".
(Reference is to HB 1941 as printed February 1, 2001.)
________________________________________
MO194102/DI 52 2001