Brian Buchanan
- Republican
- Senator
- District 7
Creates a procedure to establish a community infrastructure improvement district (district). Specifies that the procedure added by the bill allowing for the establishment of a district does not authorize the unit to establish a district that overlaps with an economic improvement district. Requires a petition for the establishment of a district to include a rate and methodology report. Specifies the contents of the report. Specifies the basis upon which benefits accruing to parcels of real property within a district may be apportioned among those parcels. Requires a determination that the aggregate assessments within a district do not exceed 30% of the projected assessed value of property within the district before a legislative body may adopt an ordinance to establish a district. Requires a community infrastructure improvement board (board) to assist the county treasurer in order to make certain specified determinations and designations regarding annual assessments within a district. Adds specific provisions that apply to the board's issuance of revenue bonds.
First reading: referred to Committee on Ways and Means
Referred to the House
Third reading: passed; Roll Call 183: yeas 49, nays 0
Cosponsor: Representative Steuerwald
House sponsor: Representative Lehman
Amendment #1 (Buchanan) prevailed; voice vote
Senators Rogers and Raatz added as coauthors
Second reading: amended, ordered engrossed
Senator Randolph added as coauthor
Senator Lanane added as coauthor
Committee report: amend do pass, adopted
Authored by Senators Buchanan, Baldwin, Busch
First reading: referred to Committee on Tax and Fiscal Policy
Bill Text Versions | Format |
---|---|
Introduced Senate Bill (S) | |
Senate Bill (S) | |
Engrossed Senate Bill (S) |
Document | Format |
---|---|
Fiscal Note: SB0370.03.ENGS.FN001 | |
Fiscal Note: SB0370.03.ENGS.FN002 |
Data on Open States is updated periodically throughout the day from the official website of the Indiana General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.