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


MO043201/DI 52
2007