HB 1393-1_ Filed 02/07/2003, 13:40


Text Box

Adopted Rejected


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COMMITTEE REPORT


                                                        YES:

13

                                                        NO:
0

MR. SPEAKER:
    Your Committee on       Local Government     , to which was referred       House Bill 1393     , has had the same under consideration and begs leave to report the same back to the House with the recommendation that said bill be amended as follows:

SOURCE: Page 1, line 1; (03)AM139301.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 8-22-3-25; (03)AM139301.1. -->     "SECTION 1. IC 8-22-3-25, AS AMENDED BY P.L.1-1999, SECTION 24, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 25. (a) The board may provide a cumulative building fund in compliance with IC 6-1.1-41 to provide for the acquisition of real property, and the construction, enlarging, improving, remodeling, repairing, or equipping of buildings, structures, runways, or other facilities for use in connection with the airport and needed to carry out this chapter and to facilitate and support commercial intrastate air transportation.
    (b) The board may levy in compliance with IC 6-1.1-41 a tax not to exceed:
        (1) thirty-three hundredths of one cent ($0.0033) on each one hundred dollars ($100) of assessed value of taxable property within the district, if an eligible entity other than a city established the district or if the district was established jointly with an eligible entity that is not a city;
        (2) one and thirty-three hundredths cents ($0.0133) on each one hundred dollars ($100) of assessed value of taxable property within the district, if the authority was established under IC 19-6-3 (before its repeal on April 1, 1980); and
        (3) for any other district not described in subdivision (1) or (2), the following:
                Total Assessed    Rate Per $100 Of
                Property Valuation    Assessed Valuation
        $300 million or less    $0.0167
        More than $300 million
        but not more than $450 million    $0.0133
        More than $450 million
        but not more than $600 million    $0.01
        More than $600 million
        but not more than $900 million    $0.0067
        More than $900 million    $0.0033
As the tax is collected it may be invested in negotiable United States bonds or other securities that the federal government has the direct obligation to pay. Any of the funds collected that are not invested in government obligations shall be deposited in accordance with IC 5-13-6 and shall be withdrawn in the same manner as money is regularly withdrawn from the general fund but without further or additional appropriation. The levy authorized by this section is in
addition to the levies authorized by section 11 and section 23 of this chapter.".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1393 as introduced.)

and when so amended that said bill do pass.

__________________________________

Representative Moses


AM139301/DI 108    2003