Introduced Version






HOUSE BILL No. 1255

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 13-18-16-16.

Synopsis: Water authority audits. Requires water authorities to be audited annually by a certified public accounting firm. Provides that the state board of accounts must receive a copy of the audit report.

Effective: Upon passage; July 1, 2004.





Robertson




    January 15, 2004, read first time and referred to Committee on Environmental Affairs.







Introduced

Second Regular Session 113th General Assembly (2004)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2003 Regular Session of the General Assembly.

HOUSE BILL No. 1255



    A BILL FOR AN ACT to amend the Indiana Code concerning environmental law.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 13-18-16-16; (04)IN1255.1.1. -->     SECTION 1. IC 13-18-16-16, AS AMENDED BY P.L.2-2002, SECTION 57, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2004]: Sec. 16. (a) A nonprofit water utility may adopt a resolution approved by its board of directors under this section that reconstitutes the nonprofit water utility as a water authority to be named as provided in the resolution.
    (b) A resolution adopted under this section must allow:
        (1) the structure of the board of directors; and
        (2) the rules governing the water authority;
to remain the same as those applicable to the nonprofit water utility.
    (c) The water authority shall retain all its powers, privileges, rights, and exemptions as a nonprofit water utility under:
        (1) its existing bylaws and articles; and
        (2) all laws applicable to nonprofit water utilities and local water corporations, including powers granted under IC 32-24-4-1.
    (d) A water authority constituted under this section is a political subdivision of the state.
    (e) A copy of a resolution adopted under this section must be filed with the secretary of state. When the secretary of state receives a copy of a resolution under this subsection, the secretary of state shall dissolve the corporate status of the nonprofit water utility for purposes of state law.
    (f) A water authority constituted under this section shall:
        (1) remain obligated under any existing contracts or agreements; and
        (2) remain obligated and assume the indebtedness;
of the nonprofit water utility.
    (g) Notwithstanding any other law and subject to subsection subsections (h) and (i), a water authority constituted under this section is subject only to the laws applicable to nonprofit water utilities and local water corporations.
    (h) A water authority constituted under this section is subject to IC 8-1.5-3-8 for purposes of setting rates and charges.
     (i) A water authority constituted under this section shall have an audit of its financial records performed annually by an independent certified public accounting firm. The audit report must be kept on file at the water authority, and the water authority must provide a copy of the audit report to the state board of accounts.
SOURCE: ; (04)IN1255.1.2. -->     SECTION 2. [EFFECTIVE UPON PASSAGE] Notwithstanding IC 13-18-16-16, as amended by this act, a water authority must provide the state board of accounts with an audit report under IC 13-18-16-16, as amended by this act, for a fiscal or calendar year that ends after December 31, 2004.
    
SECTION 3. An emergency is declared for this act.