SB 501-2_ Filed 04/14/2009, 07:42 Bardon
Text Box
PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
[
HOUSE MOTION ____
]
MR. SPEAKER:
I move that Engrossed Senate Bill 501 be amended to read as follows:
SOURCE: Page 5, line 35; (09)MO050102.5. -->
Page 5, delete lines 35 through 42, begin a new paragraph and
insert:
SOURCE: IC 5-20-7; (09)MO050102.2. -->
"SECTION 2. IC 5-20-7 IS ADDED TO THE INDIANA CODE AS
A
NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2009]:
Chapter 7. Microenterprise Partnership Program Fund
Sec. 1. As used in this chapter, "authority" refers to the Indiana
housing and community development authority created by
IC 5-20-1-3.
Sec. 2. As used in this chapter, "fund" refers to the
microenterprise partnership program fund established by section
3 of this chapter.
Sec. 3. The microenterprise partnership program fund is
established within the state treasury. The purpose of the fund is to
carry out the microenterprise partnership program under
IC 5-20-8.
Sec. 4. The fund consists of:
(1) appropriations from the general assembly;
(2) federal grants; and
(3) gifts.
Sec. 5. The authority shall administer the fund. The following
may be paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry
out the purposes of this chapter and IC 5-20-8.
Sec. 6. The treasurer of state shall invest the money in the fund
not currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested. Interest that
accrues from these investments shall be deposited in the state
general fund.
Sec. 7. Money in the fund at the end of a state fiscal year does
not revert to the state general fund.
Sec. 8. The fund is subject to an annual audit by the state board
of accounts. The fund shall bear the full costs of the audit.".
Delete pages 6 through 12.
SOURCE: Page 13, line 1; (09)MO050102.13. -->
Page 13, delete lines 1 through 28.
Page 13, line 29, delete "IC 5-20-9" and insert "IC 5-20-8".
Page 13, line 32, delete "9." and insert " 8.".
Page 16, delete lines 4 through 42.
Delete page 17.
Page 18, delete lines 1 through 24, begin a new paragraph and
insert:
SOURCE: IC 5-28-17-1; (09)MO050102.4. -->
"SECTION 4. IC 5-28-17-1, AS ADDED BY P.L.4-2005, SECTION
34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1,
2009]: Sec. 1. (a) The corporation shall do the following to carry out
this chapter:
(1) Contribute to the strengthening of the economy of Indiana by
encouraging the organization and development of new business
enterprises, including technologically oriented enterprises.
(2) Submit an annual report to the governor and to the general
assembly not later than November 1 of each year. The annual
report must:
(A) include detailed information on the structure, operation,
and financial status of the corporation; and
(B) be in an electronic format under IC 5-14-6.
The board shall conduct an annual public hearing to receive
comment from interested parties regarding the annual report, and
notice of the hearing shall be given at least fourteen (14) days
before the hearing in accordance with IC 5-14-1.5-5(b).
(3) Approve and administer loans from the
microenterprise
partnership program small business development fund
established by IC 5-28-18.
(4) Conduct activities for nontraditional entrepreneurs under
IC 5-28-18.
(5) (4) Establish and administer the small and minority business
financial assistance program under IC 5-28-20.
(6) Establish and administer the microenterprise partnership
program under IC 5-28-19.
(b) The corporation may do the following to carry out this chapter:
(1) Receive money from any source, enter into contracts, and
expend money for any activities appropriate to its purpose.
(2) Do all other things necessary or incidental to carrying out the
corporation's functions under this chapter.
(3) Establish programs to identify entrepreneurs with marketable
ideas and to support the organization and development of new
business enterprises, including technologically oriented
enterprises.
(4) Conduct conferences and seminars to provide entrepreneurs
with access to individuals and organizations with specialized
expertise.
(5) Establish a statewide network of public, private, and
educational resources to assist the organization and development
of new enterprises.
(6) Operate a small business assistance center to provide small
businesses, including minority owned businesses and businesses
owned by women, with access to managerial and technical
expertise and to provide assistance in resolving problems
encountered by small businesses.
(7) Cooperate with public and private entities, including the
Indiana Small Business Development Center Network and the
federal government marketing program, in exercising the powers
listed in this subsection.
(8) Establish and administer the small and minority business
financial assistance program under IC 5-28-20.
(9) Approve and administer loans from the microenterprise
partnership program small business development fund
established by IC 5-28-18.
(10) Coordinate state funded programs that assist the organization
and development of new enterprises.
SOURCE: IC 5-28-18-2; (09)MO050102.5. -->
SECTION 5. IC 5-28-18-2, AS ADDED BY P.L.4-2005, SECTION
34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1,
2009]: Sec. 2. As used in this chapter, "fund" refers to the
microenterprise partnership program small business development
fund established by section 7 of this chapter.
SOURCE: IC 5-28-18-7; (09)MO050102.6. -->
SECTION 6. IC 5-28-18-7, AS ADDED BY P.L.4-2005, SECTION
34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1,
2009]: Sec. 7. (a) The microenterprise partnership program small
business development fund is established within the state treasury.
The fund is a revolving fund to:
(1) provide loans approved by the corporation under this chapter
and IC 5-28-17; and
(2) provide loans or loan guarantees under the small and minority
business financial assistance program established by
IC 5-28-20-9. and
(3) carry out the microenterprise partnership program under
IC 5-28-19.
(b) The fund consists of appropriations from the general assembly
and loan repayments.
(c) The corporation shall administer the fund. The following may be
paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out the
purposes of this chapter IC 5-28-19, and IC 5-28-20.
(d) Earnings from loans made under this chapter shall be deposited
in the fund.
(e) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested. Interest that accrues
from these investments shall be deposited in the state general fund.
(f) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
(g) The fund is subject to an annual audit by the state board of
accounts. The fund shall bear the full costs of the audit.".
SOURCE: Page 50, line 10; (09)MO050102.50. -->
Page 50, delete lines 10 through 42, begin a new paragraph and
insert:
SOURCE: IC 5-28-19; (09)MO050102.30. -->
"SECTION 30. IC 5-28-19 IS REPEALED [EFFECTIVE JULY 1,
2009].
SOURCE: ; (09)MO050102.29. -->
SECTION 29. [EFFECTIVE UPON PASSAGE] (a) As used in this
SECTION, "authority" refers to the Indiana housing and
community development authority established by IC 5-20-1-3.
(b) As used in this SECTION, "corporation" refers to the
Indiana economic development corporation established by
IC 5-28-3-1.
(c) The corporation shall cooperate with the authority to
transfer the following from administration by the corporation to
administration by the authority:
(1) Money in the the microenterprise partnership program
fund under IC 5-28-18 (before its amendment by this act)
designated for use by the microenterprise partnership
program under IC 5-28-19 (before its repeal by this act).
(2) Accounting records of grants made from the
microenterprise partnership program under IC 5-28-19
(before its repeal by this act) before July 1, 2009.
(3) Files and any other data pertaining to grants made from
the microenterprise partnership program under IC 5-28-19
(before its repeal by this act) before July 1, 2009.
(d) The authority shall deposit money received from the
corporation under subsection (c)(1) in the microenterprise
partnership program fund established under IC 5-20-7, as added
by this act.
(e) This SECTION expires December 31, 2009.".
SOURCE: Page 51, line 1; (09)MO050102.51. -->
Page 51, delete lines 1 through 18.
Renumber all SECTIONS consecutively.
(Reference is to ESB 501 as printed April 10, 2009.)
________________________________________
MO050102/DI 113 2009