MADAM PRESIDENT:
The Senate Committee on Education and Career Development, to which was referred
Senate Bill No. 323, has had the same under consideration and begs leave to report the same
back to the Senate with the recommendation that said bill be AMENDED as follows:
fraud or dishonesty in servicing the trust.
(v) The trust is subject to IC 27-4-1-4.5 regarding claims
settlement practices.
(vi) The trust shall file an annual financial statement in
the form required by IC 27-1-3-13 by March 1.
(vii) The trust is not covered by the Indiana insurance
guaranty fund created under IC 27-6-8. The liability of
each school corporation is joint and several.
(viii) The trust is subject to examination by the
department of insurance. All costs associated with an
examination shall be borne by the trust.
(ix) The department of insurance may deny, suspend, or
revoke the registration of a trust if the commissioner
finds that the trust is in a hazardous financial condition,
the trust refuses to be examined or produce records for
examination, or the trust has failed to pay a final
judgment rendered against the trust by a court within
thirty (30) days.
(B) The department of insurance may adopt rules under
IC 4-22-2 to implement this subdivision.
(2) Each school corporation, and more than one (1) school
corporation acting jointly, may be considered a single
purchaser of natural gas energy by the school corporation's or
school corporations' natural gas utility provider to qualify to
purchase natural gas from any available natural gas seller. A
rate schedule that is:
(A) filed by a natural gas utility; and
(B) approved by the Indiana utility regulatory commission;
must include provisions that allow a school corporation or
school corporations acting jointly to elect to be billed as a
single purchaser of natural gas energy under reasonable terms
and conditions.".
Page 3, line 21, delete "(2)" and insert " (3)".
Page 3, delete lines 26 through 28.
Page 3, line 29, delete "(D)" and insert " (C)".
Page 3, line 30, delete "(E)" and insert " (D)".
Page 3, line 30, delete "maintenance" and insert " management".
Page 3, line 31, delete "(F)" and insert " (E)".
corporation's finance, organizations, and other resources to create
programs and curricula to develop the officials' financial
management skills and abilities as well as train them in the use of
the system;".
Page 8, delete lines 21 through 25.
Page 8, line 26, delete "(g)" and insert " (f)".
Renumber all SECTIONS consecutively.
(Reference is to SB 323 as introduced.)
and when so amended that said bill do pass.
Committee Vote: Yeas 6, Nays 0.
Lubbers