HB 1005

  • Indiana House Bill
  • 2023 Regular Session
  • Introduced in House
  • Passed House Feb 07, 2023
  • Passed Senate Apr 04, 2023
  • Signed by Governor May 04, 2023

Abstract

Establishes the residential housing infrastructure assistance program (program) and residential housing infrastructure assistance revolving fund (fund). Provides that the Indiana finance authority (authority) shall administer the fund and program. Provides that political subdivisions may apply to the fund for loans for certain infrastructure projects related to the development of residential housing. Provides that money in the fund may not be used for: (1) debt repayment; (2) maintenance and repair projects; (3) upgrading utility poles; or (4) consulting or engineering fees for studies, reports, designs, or analyses. Provides that loans from the fund must be allocated as follows: (1) 70% of the money in the fund must be used for housing infrastructure in municipalities with a population of less than 50,000. (2) 30% of the money in the fund must be used for housing infrastructure in all other political subdivisions. Requires the authority to establish a project prioritization system for the purpose of awarding loans from the fund, and specifies the criteria that must be included in the project prioritization system. Allows the authority to establish a leveraged loan program to or for the benefit of program participants. Requires the public finance director to prepare an annual report of the fund's activities for the legislative council and the budget committee. Provides that the fiscal body of a county may adopt an ordinance to designate an economic development target area. Removes the threshold conditions for establishing a residential housing development program and a tax increment allocation area for the program, including the condition that the governing body of each school corporation affected by the program pass a resolution approving the program before the program may go into effect. Changes the duration of a residential housing development program from 25 years (under current law) to 20 years after the date on which the first obligation for program is incurred. Makes a continuing appropriation.

Bill Sponsors (10)

Votes


Actions


May 04, 2023

Office of the Governor

Signed by the Governor

House

Public Law 204

May 01, 2023

House

Signed by the Speaker

Apr 28, 2023

Senate

Signed by the President Pro Tempore

Senate

Signed by the President of the Senate

Apr 24, 2023

House

Motion to concur filed

House

House concurred in Senate amendments; Roll Call 487: yeas 71, nays 23

Apr 05, 2023

Senate

Returned to the House with amendments

Apr 04, 2023

Senate

Third reading: passed; Roll Call 301: yeas 32, nays 16

Apr 03, 2023

Senate

Amendment #5 (Rogers) prevailed; voice vote

Senate

Amendment #1 (Qaddoura) failed; Roll Call 283: yeas 13, nays 34

Senate

Amendment #2 (Qaddoura) failed; Roll Call 284: yeas 11, nays 37

Senate

Amendment #4 (Qaddoura) failed; Roll Call 285: yeas 9, nays 39

Senate

Second reading: amended, ordered engrossed

Senate

Senator Randolph added as cosponsor

Mar 30, 2023

Senate

Senators Ford Jon and Charbonneau added as cosponsors

Senate

Committee report: amend do pass, adopted

Mar 16, 2023

Senate

Senator Raatz added as third sponsor

Feb 23, 2023

Senate

First reading: referred to Committee on Appropriations

  • Reading-1
  • Referral-Committee
appropriations

Feb 08, 2023

House

Referred to the Senate

Feb 07, 2023

House

Senate sponsors: Senators Rogers and Garten

House

Third reading: passed; Roll Call 82: yeas 91, nays 6

Feb 06, 2023

House

Second reading: ordered engrossed

Feb 02, 2023

House

Committee report: amend do pass, adopted

Jan 26, 2023

House

Committee report: amend do pass, adopted

House

Referred to the Committee on Ways and Means pursuant to House Rule 127

ways and means pursuant to house rule 127

Jan 24, 2023

House

Representative DeLaney added as coauthor

Jan 12, 2023

House

First reading: referred to Committee on Government and Regulatory Reform

  • Reading-1
  • Referral-Committee
government and regulatory reform

House

Authored by Representative Miller D

House

Coauthored by Representatives O'Brien and Hall

Bill Text

Bill Text Versions Format
Introduced House Bill (H) PDF
House Bill (H) PDF
House Bill (H) PDF
House Bill (S) PDF
Engrossed House Bill (S) PDF
Enrolled House Bill (H) PDF

Related Documents

Document Format
Fiscal Note: HB1005.06.ENRS.FN001 PDF

Sources

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