Enrolled Senate Bill (S)
Authored by: Sen. Pete Miller, Sen. Greg Walker, Sen. James Smith
Co-Authors: Sen. Mark Stoops
Sponsors: Rep. Timothy Brown
  • Sen. Pete Miller
    Sen. Pete Miller

    Author

  • Sen. Greg Walker
    Sen. Greg Walker

    Author

  • Sen. James Smith
    Sen. James Smith

    Author

  • Sen. Mark Stoops
    Sen. Mark Stoops

    Co-Author

  • Rep. Timothy Brown
    Rep. Timothy Brown

    Sponsor

  • Rep. Steven Braun
    Rep. Steven Braun

    Co-Sponsor

  • Rep. Kreg Battles
    Rep. Kreg Battles

    Co-Sponsor

  • Sen. Pete Miller
    Sen. Pete Miller

    Conferee

  • Sen. Mark Stoops
    Sen. Mark Stoops

    Conferee

  • Rep. Steven Braun
    Rep. Steven Braun

    Conferee

  • Rep. Mara Candelaria Reardon
    Rep. Mara Candelaria Reardon

    Conferee

  • Sen. Greg Walker
    Sen. Greg Walker

    Advisor

  • Sen. Luke Kenley
    Sen. Luke Kenley

    Advisor

  • Sen. James Smith
    Sen. James Smith

    Advisor

  • Sen. Brandt Hershman
    Sen. Brandt Hershman

    Advisor

  • Sen. Lindel Hume
    Sen. Lindel Hume

    Advisor

  • Rep. Timothy Brown
    Rep. Timothy Brown

    Advisor

  • Rep. Jerry Torr
    Rep. Jerry Torr

    Advisor

  • Rep. Eric Allan Koch
    Rep. Eric Allan Koch

    Advisor

  • Rep. Cherrish Pryor
    Rep. Cherrish Pryor

    Advisor

DIGEST

Redevelopment commissions and authorities. Provides that a redevelopment commission may not enter into any obligation payable from public funds without first obtaining the approval of the legislative or fiscal body of the unit that established the commission. Provides an exception if the obligation is for the acquisition of real property and the payments are for three years or less or the purchase price is less than $5,000,000. Specifies that the approving ordinance or resolution must include certain items. Provides that a redevelopment commission and a department of redevelopment are subject to oversight by the legislative body of the unit, including review by the legislative ... body of annual budgets. Specifies that a redevelopment commission and a department of redevelopment are subject to the same laws, rules, and ordinances of a general nature that apply to all other commissions or departments of the unit. Specifies that a redevelopment commission, a department of redevelopment, and a redevelopment authority are subject to audit by the state board of accounts and covered by the public meetings and public records laws. Requires a redevelopment commission to provide to the legislative body of the unit at a public meeting all the information supporting the action the redevelopment commission proposes to take regarding the sale, transfer, or other disposition of property. Provides that if the amount of excess assessed value determined by the commission is expected to generate more than 200% of the amount of allocated tax proceeds necessary to carry out the commission's plan, a determination of the amount of the excess available to other taxing units by the commission must be approved by the legislative body of the unit. Permits the legislative body of the unit to modify the commission's determination with respect to the amount of excess assessed value. Requires the treasurer of a redevelopment commission outside Indianapolis and the secretary-treasurer of a redevelopment authority outside Indianapolis to report annually to the fiscal body of the unit that established the commission or authority. Provides that the Indianapolis controller is the fiscal officer of the redevelopment commission and redevelopment authority in Indianapolis. Authorizes the Indianapolis controller to obtain financial services on a contractual basis. Prohibits redevelopment commissions and certain other redevelopment entities from owning, leasing, or holding a single family dwelling or condominium unit that is leased for purposes of leasing for the use by individuals as a dwelling. Requires the department of local government finance, with the assistance of the state board of accounts, to prepare a report on redevelopment by redevelopment commissions, authorities, and departments and to submit and present the report to the commission on state tax and financing policy during the 2014 legislative interim. Provides that the power of eminent domain for redevelopment purposes belongs to the legislative body in counties other than Marion County. Requires legislative body approval of any amendment of a plan or of a resolution establishing an allocation area. Requires a declaratory resolution or amendment that establishes an allocation provision to include a specific finding of fact that the adoption of the allocation provision will result in new property taxes in the area that would not have been generated but for the adoption of the allocation provision. Provides, in the case of an allocation area that was initially established before July 1, 1995, that the expiration date of any allocation provisions for the allocation area is June 30, 2025, or the last date of any obligations outstanding on July 1, 2015, whichever is later. Provides that the consolidated allocation area in downtown Indianapolis is exempt from the expiration date.