HB 1250-1_ Filed 04/08/2005, 09:58 Weatherwax
that Engrossed House Bill 1250 be amended to read as follows:
SOURCE: Page 5, line 20; (05)MO125003.5. -->
Page 5, delete lines 20 through 34.
Page 6, delete lines 41 through 42.
Page 7, delete lines 1 through 10.
Page 8, delete lines 6 through 36, begin a new paragraph and insert:
SOURCE: IC 36-7-14.5-11; (05)MO125003.10. -->
"SECTION 10. IC 36-7-14.5-11 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 11. (a) The
authority is organized for the following purposes:
(1) Financing, constructing, and leasing local public
improvements to the commission.
(2) Financing and constructing additional improvements to local
public improvements owned by the authority and leasing them to
(3) Acquiring all or a portion of one (1) or more local public
improvements from the commission by purchase or lease and
leasing these local public improvements back to the commission,
with any additional improvements that may be made to them.
(4) Acquiring all or a portion of one (1) or more local public
improvements from the commission by purchase or lease to fund
or refund indebtedness incurred on account of those local public
improvements to enable the commission to make a savings in debt
services obligations or lease rental obligations or to obtain relief
from covenants that the commission considers to be unduly
In a county
described in section 12.5(a) of this chapter
having a United States government military base that is
scheduled for closing or is completely or partially inactive or
and if specified in the ordinance creating the authority or
in another ordinance adopted by the
the unit, an authority may
be organized for the purpose of
performing any of the uses or functions identified in IC 36-7-14-2,
IC 36-7-14-2.5, or IC 36-7-14-41 for exercise any of the powers
a redevelopment commission established under IC 36-7-14,
including the establishment, in accordance with IC 36-7-14, of
one (1) or more economic development areas in the county in
addition to an economic development area established under
section 12.5 of this chapter. However, an economic
development area that includes any part of a military base
described in section 12.5(a) of this chapter is subject to the
requirements of section 12.5 of this chapter. An action taken
by an authority under this subdivision shall be treated as if
the action were taken under the law granting the power to the
SOURCE: Page 9, line 1; (05)MO125003.9. -->
Page 9, line 1, delete "legislative" and insert " executive
Page 9, line 1, delete "provide that the same entity" and insert
" adopt an ordinance to elect to allow the authority for the county
to exercise the powers described in section 11(5) of this chapter. An
ordinance adopted under this section may also do any of the
(1) Establish or change the:
(A) number of members on the board of the authority; or
(B) name of the authority;
that would otherwise apply under this chapter.
(2) Provide for any other matter that is necessary or
appropriate to carry out the powers described in section 11(5)
or 12.5 of this chapter.
The county executive may amend or rescind an ordinance adopted
under this section if the rights of holders of bonded indebtedness,
leases, or other obligations (as defined under 5-1-3-1) of the
authority are not adversely affected.
Page 9, delete lines 2 through 5.
Page 9, strike lines 18 through 20.
Page 9, line 21, strike "IC 36-7-14.".
Page 9, line 21, after "The area" insert " established under this
Renumber all SECTIONS consecutively.
(Reference is to EHB 1250 as printed April 6, 2005.)
MO125003/DI 51 2005