Introduced Version






HOUSE BILL No. 1146

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 36-1-7-11.5.

Synopsis: Interlocal cooperation for economic development. Specifies that an entity entering into an agreement under the interlocal cooperation law that is related to an economic development project may transfer money or property or provide personnel, services, or facilities to another participating entity, an economic development entity, or a regional development authority.

Effective: July 1, 2006.





Stevenson




    January 5, 2006, read first time and referred to Committee on Government and Regulatory Reform.







Introduced

Second Regular Session 114th General Assembly (2006)


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.
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Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2005 Regular Session of the General Assembly.

HOUSE BILL No. 1146



    A BILL FOR AN ACT to amend the Indiana Code concerning local government.

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

SOURCE: IC 36-1-7-11.5; (06)IN1146.1.1. -->     SECTION 1. IC 36-1-7-11.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2006]: Sec. 11.5. (a) As used in this section, "economic development project" has the meaning set forth in IC 6-3.5-7-13.1(c). The term also includes any project related to transportation services, transportation infrastructure, or the development or construction of a hotel or other tourism destination.
    (b) An entity entering into an agreement under this chapter that is related to an economic development project may do any of the following to carry out the agreement:
        (1) After appropriation by the entity's fiscal body, transfer money derived from any source to any of the following:
            (A) One (1) or more entities that have entered into the agreement.
            (B) An economic development entity (as defined in section 15 of this chapter) established by an entity that has entered

into the agreement.
            (C) A regional development authority, including the northwest Indiana regional development authority established by IC 36-7.5-2-1.
        (2) Transfer any property or provide personnel, services, or facilities to any entity or authority described in subdivision (1)(A) through (1)(C).