HB 1077-1_ Filed 01/11/2010, 11:01 Stilwell
Text Box
PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
[
HOUSE MOTION ____
]
MR. SPEAKER:
I move that House Bill 1077 be amended to read as follows:
SOURCE: Page 1, line 15; (10)MO107701.1. -->
Page 1, between lines 15 and 16, begin a new paragraph and insert:
SOURCE: IC 36-7-26-1.5; (10)MO107701.2. -->
"SECTION 2. IC 36-7-26-1.5 IS ADDED TO THE INDIANA
CODE AS A NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2010]: Sec. 1.5. Notwithstanding any other
provision of this chapter, the following apply to a county described
in section 1(5) of this chapter:
(1) The authority to establish a district in the county expires
on January 1, 2015, if the board fails to approve a resolution
designating a district in the county before January 1, 2015.
(2) A district designated in the county expires on January 1,
2015, if the commission fails to issue bonds to finance a local
public improvement project in the district before January 1,
2015.".
SOURCE: Page 6, line 38; (10)MO107701.6. -->
Page 6, between lines 38 and 39, begin a new paragraph and insert:
SOURCE: IC 36-7-26-24.5; (10)MO107701.2. -->
"SECTION 2. IC 36-7-26-24.5 IS ADDED TO THE INDIANA
CODE AS A
NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2010]:
Sec. 24.5. Notwithstanding section 23
of this chapter, state gross retail and use taxes may not be
deposited in the fund with respect to a particular district after
December 31 of the calendar year in which the board determines
that no obligations of the commission incurred under this chapter
to finance a local public improvement in the district remain
outstanding.".
Renumber all SECTIONS consecutively.
(Reference is to HB 1077 as printed January 8, 2010.)
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MO107701/DI 92 2010