SB 524-2_ Filed 04/28/2007, 16:34 ChairPerson
Adopted 4/28/2007



COMMITTEE REPORT

    Mr. Speaker: Pursuant to Joint Rule 20, your Committee on Rules and Legislative Procedures, to which was referred Engrossed Senate Bill 524 because it conflicts with HEA 1555-2007 and SEA 526-2007 without properly recognizing the existence of HEA 1555-2007 and SEA 526-2007, has had Engrossed Senate Bill 524 under consideration and begs leave to report back to the House with the recommendation that Engrossed Senate Bill 524 be corrected as follows:

    Page 16, line 13, after "IC 4-4-11-41" insert ", AS AMENDED BY HEA 1555-2007, SECTION 1,".
    Page 16, line 14, delete "[EFFECTIVE JULY 1, 2007]:" and insert "[EFFECTIVE JULY 1, 2008]:".
    Page 16, line 18, delete "IC 23-2-1" and insert "IC 23-19".
    Page 27, between lines 30 and 31, begin a new paragraph and insert:
    "SECTION 19. IC 5-1-16.5-7, AS ADDED BY SEA 526-2007, SECTION 69, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 7. As used in this chapter, "authority" refers to the Indiana health and educational facility finance authority established by IC 5-1-16-2. IC 4-4-11-4.".
    Page 30, line 42, delete "IC 5-28-28" and insert "IC 5-28-28.4".
    Page 31, line 3, delete "28." and insert " 28.4.".
    Page 77, line 42, delete "P.L.235-2005," and insert "SEA 526-2007, SECTION 355,".
    Page 78, line 1, delete "SECTION 204,".
    Page 79, line 13, delete "IC 20-12-63;" and insert "IC 5-1-16.5;".
    Page 82, line 31, delete "P.L.235-2005," and insert "SEA 526-2007, SECTION 376,".
    Page 82, line 32, delete "SECTION 209,".
    Page 82, line 33, delete "IC 20-12-63-15" and insert "IC 5-1-16.5- 41".
    Page 82, line 35, delete "IC 20-12-63)." and insert "IC 5-1-16.5).".
    Page 83, line 1, after "IC 5-1-16-35;" insert " IC 5-1-16.5-54;".


    Page 83, line 32, delete "IC 5-28-28," and insert " IC 5-28-28.4,".
    Page 84, after line 26, begin a new paragraph and insert:
    " SECTION 44. [EFFECTIVE JULY 1, 2007] (a) Notwithstanding IC 4-4-11-41, as amended by this act, any bonds issued by the authority pursuant to IC 4-4-11 and any other securities issued in connection with a financing under IC 4-4-11 shall be exempt from the registration and other requirements of IC 23-2-1 and any other securities registration laws.
    (b) This SECTION expires June 30, 2008.
".
    Renumber all sections consecutively.
    (Reference is to ESB 524 as printed March 30, 2007.)

______________________________________

Representative Pelath, Chairperson

______________________________________

Representative Whetstone, R.M.M.

______________________________________

Representative Mays, Sponsor


JR 052401/DI 115
2007