SB 187-1_ Filed 02/24/2010, 07:59 Bardon


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 187 be amended to read as follows:

SOURCE: Page 2, line 16; (10)MO018703.2. -->     Page 2, between lines 16 and 17, begin a new paragraph and insert:
SOURCE: IC 5-28-19-5.5; (10)MO018703.2. -->     "SECTION 2. IC 5-28-19-5.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 5.5. As used in this chapter, "program administrator" means:
        (1) the corporation; or
        (2) under an agreement entered into under section 6.5 of this chapter, the Indiana housing and community development authority.

SOURCE: IC 5-28-19-6.5; (10)MO018703.3. -->     SECTION 3. IC 5-28-19-6.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 6.5. The corporation and the Indiana housing and community development authority may enter into an agreement by which the Indiana housing and community development authority agrees to act as the program administrator of the program. The corporation and the Indiana housing and community development authority may provide in the agreement terms that are necessary or advisable for the Indiana housing and community development authority to conduct the program effectively under this chapter. An agreement entered into under this section must specify the conditions under which the agreement terminates.
SOURCE: IC 5-28-19-7; (10)MO018703.4. -->     SECTION 4. IC 5-28-19-7, AS ADDED BY P.L.4-2005, SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 7. To establish the criteria for making a grant to a

microloan delivery organization, the corporation program administrator shall consider the following:
        (1) The microloan delivery organization's plan for providing business development services and microloans to microenterprises.
        (2) The scope of services provided by the microloan delivery organization.
        (3) The microloan delivery organization's plan for coordinating the services and loans provided under this chapter with those provided by commercial lending institutions.
        (4) The geographic representation of all regions of the state, including both urban and rural communities and neighborhoods.
        (5) The microloan delivery organization's emphasis on supporting female and minority entrepreneurs.
        (6) The ability of the microloan delivery organization to provide business training and technical assistance to microenterprises.
        (7) The ability of the microloan delivery organization to monitor and provide financial oversight of recipients of microloans.
        (8) The sources and sufficiency of the microloan delivery organization's operating funds.

SOURCE: IC 5-28-19-11; (10)MO018703.5. -->     SECTION 5. IC 5-28-19-11, AS ADDED BY P.L.4-2005, SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 11. The corporation program administrator may prescribe standards, procedures, and other guidelines to implement this chapter.
SOURCE: IC 5-28-19-12; (10)MO018703.6. -->     SECTION 6. IC 5-28-19-12, AS AMENDED BY P.L.1-2006, SECTION 130, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 12. The corporation program administrator may use money in the microenterprise partnership program fund established by IC 5-28-18-7 or any other money available to the corporation to carry out this chapter.
SOURCE: IC 5-28-19-13; (10)MO018703.7. -->     SECTION 7. IC 5-28-19-13, AS ADDED BY P.L.4-2005, SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 13. Before August 1 of each year, the corporation program administrator shall submit to the budget committee a supplemental report on a longitudinal study:
        (1) describing the economic development outcomes resulting from microloans made under this chapter; and
        (2) evaluating the effectiveness of the microloan delivery organizations and the microloans made under this chapter in:
            (A) expanding employment and self-employment opportunities in Indiana; and
            (B) increasing the incomes of persons employed by microenterprises.".
    Renumber all SECTIONS consecutively.
    (Reference is to ESB 187 as printed February 22, 2010.)

________________________________________

Representative Bardon


MO018703/DI 113     2010