HB 1006-1_ Filed 01/23/2003, 14:46

Text Box

Adopted Rejected








    Your Committee on       Technology, Research and Development     , to which was referred       House Bill 1006     , 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 4, line 42; (03)CR100601.4. -->     Page 4, after line 42, begin a new paragraph and insert:
SOURCE: IC 4-4-10.9-6.2; (03)CR100601.10. -->     "SECTION 10. IC 4-4-10.9-6.2 , AS AMENDED BY P.L.4-2002, SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 6.2. (a) "Educational facility project" includes:
        (1) the acquisition of land, site improvements, infrastructure improvements, buildings, or structures, the rehabilitation, renovation, and enlargement of buildings and structures, machinery, equipment, furnishings, or facilities (or any combination of these):
            (A) comprising or being functionally related and subordinate to any aquaria, botanical societies, historical societies, libraries, museums, performing arts associations or societies, scientific societies, zoological societies, and independent elementary, secondary, or postsecondary schools (or any combination of these) that engages in the cultural, intellectual, scientific, educational, or artistic enrichment of the people of

the state the development or expansion of which serves the purposes set forth in IC 4-4-11-2 ;
            (B) is not used or to be used primarily for sectarian instruction or study or as a place for devotional activities; and
            (C) is not used or to be used primarily in connection with any part of the program of a school or department of divinity for any religious denomination; or
        (2) funding (including reimbursement or refinancing) by a nonprofit organization described in subsection (b) of:
            (A) real property and improvements;
            (B) personal property; or
            (C) noncapital costs to fund a judgment, a settlement, or other cost or liability. other than an ordinary and recurring operating cost or expenditure.
    (b) For purposes of subsection (a)(2), a nonprofit organization must be:
        (1) qualified as tax exempt under Section 501(c)(3) of the Internal Revenue Code; and
        (2) have headquarters or a primary educational or exhibit facility located on property owned by or titled in the name of the state of Indiana or an agency, a commission, or an instrumentality of the state of Indiana that serves the purposes set forth in IC 4-4-11-2.".

SOURCE: Page 5, line 7; (03)CR100601.5. -->     Page 5, line 7, strike "earnings" and insert " gross revenue".
    Page 5, line 11, strike "earnings" and insert " gross revenue".
    Page 6, line 16, delete "new".
    Page 12, line 17, after "project" insert " or technology commercialization project".
    Page 12, line 20, delete "fund," and insert " fund or the Indiana venture fund,".
    Page 12, line 22, after "project" insert " or technology commercialization project".
    Page 16, line 25, delete "shall" and insert " may".
    Page 21, line 4, after "the authority." insert " The report must be
prepared in accordance with generally accepted accounting principles.
    (Reference is to HB 1006 as introduced.)

and when so amended that said bill do pass.


Representative Hasler

CR100601/DI 103    2003