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Senate Bill 0457

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Senate Bill 0457

ARCHIVE (2001)

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DIGEST OF SB 457 (Updated April 12, 2001 5:34 PM - DI 44)

Community revitalization enhancement districts. Provides that the legislative body of a county may adopt an ordinance designating an unincorporated part of the county as a community revitalization enhancement district (CRED), and the legislative body of a municipality located within the county may adopt an ordinance designating a part of the municipality as a CRED, if: (1) the county's annual rate of unemployment has been above the average annual statewide rate of unemployment during at least three of the preceding five years; (2) the county median income has either declined over the preceding ten years or has grown at a lower rate than the average annual statewide median income during at least three of the preceding five years; (3) the population of the county has declined over the preceding ten years; and (4) certain other criteria (size of empty buildings, job loss, and specified obstacles to redevelopment) are met. Permits the executive of a municipality in St. Joseph County or Allen County to submit an application for the establishment of a CRED in the municipality if the submission of the application is approved by ordinance or resolution of the municipality. Permits the establishment of a CRED in St. Joseph County if certain criteria are met. Permits the establishment of a CRED in Allen County if certain criteria are met. Provides that in a county other than Marion County, a professional sports development area may be established by a second class city before July 1, 2002.

Current Status:

Law Enacted

>Latest Printing > (PDF)

Action List >
Introduced Bill > (PDF)
Fiscal Impact Statement(s): >1(PDF), >2(PDF), >3(PDF), >4(PDF), >5(PDF)
Roll Call(s): >No. 554(PDF)
House Committee Reports
- Filed Committee Reports: >0457-1, >0457-1(PDF), >0457-2, >0457-2(PDF)
- Passed Committee Reports: >0457-1, >0457-1(PDF), >0457-2, >0457-2(PDF)
House Amendments
- Filed: >0457-1, >0457-1(PDF)
- Passed: >0457-1, >0457-1(PDF)
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Senate Bill> (PDF)
Senate Committee Reports
- Filed Committee Reports: >0457-1, >0457-1(PDF), >0457-2, >0457-2(PDF)
- Passed Committee Reports: >0457-1, >0457-1(PDF), >0457-2, >0457-2(PDF)
Senate Amendments
- Filed: >0457-1, >0457-1(PDF), >0457-2, >0457-C, >0457-C(PDF)
- Passed: >0457-1, >0457-1(PDF), >0457-C, >0457-C(PDF)
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Engrossed Bill> (PDF)
Conference Committee Reports
>
Enrolled Act> (PDF)