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Senate Bill 0349


 

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Senate Bill 0349

ARCHIVE (2013)

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DIGEST OF SB 349 (Updated April 26, 2013 4:11 pm - DI 101)

Utilities; economic development. With respect to a municipality that: (1) has a municipally owned utility that has donated funds to a local economic development organization before July 1, 2012; and (2) is a city having a certain population size; adds to the chapter in the Indiana Code concerning donations by local units of government a provision authorizing the municipal legislative body, with the approval of the board of the municipality's municipally owned utility, to donate funds from the municipally owned utility's surplus earnings to a local economic development organization as long as certain obligations of the municipally owned utility are met before the donation is made.
    Current Status:
     Law Enacted
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