SB 432-1_ Filed 02/15/2007, 10:34 Gard
SENATE MOTION
MADAM PRESIDENT:
I move
that Senate Bill 432 be amended to read as follows:
SOURCE: Page 1, line 1; (07)MO043201.1. -->
Page 1, between the enacting clause and line 1, begin a new
paragraph and insert:
SOURCE: IC 13-11-2-50.2; (07)MO043201.1. -->
"SECTION 1. IC 13-11-2-50.2 IS ADDED TO THE INDIANA
CODE AS A NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2007]: Sec. 50.2. "Dedicated funds", for
purposes of IC 13-15-11-2, refers to the funds established under the
following:
(1) IC 13-14-12.
(2) IC 13-15-11.
(3) IC 13-17-6.
(4) IC 13-17-8.
(5) IC 13-17-14.
(6) IC 13-20-13.
(7) IC 13-20-22.
(8) IC 13-23-6.
(9) IC 13-23-7.
(10) IC 13-25-4.
(11) IC 13-25-5.".
SOURCE: Page 2, line 1; (07)MO043201.2. -->
Page 2, between lines 1 and 2, begin a new paragraph and insert:
SOURCE: IC 13-15-11-2; (07)MO043201.5. -->
"SECTION 5. IC 13-15-11-2 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 2. (a) The department
shall administer the fund.
(b) Expenses of administering the fund
for a state fiscal year shall
be paid from money in the fund
in an amount not to exceed the
greater of the following:
(1) Ten percent (10%) of the revenue deposited in the
dedicated funds for the state fiscal year.
(2) The lesser of the following:
(A) Ten million dollars ($10,000,000), adjusted by the
percentage increase in the United States Department of
Labor Consumer Price Index from July 1, 2007, to July 1
of the state fiscal year for which the determination is made
under this section.
(B) The administrative expenses of the dedicated funds in
the state fiscal year for which the determination is made
under this section.".
Renumber all SECTIONS consecutively.
(Reference is to SB 432 as printed February 9, 2007.)
________________________________________
Senator GARD