House Bill (S)

Authored by

DIGEST

South Shore line extension. Creates a program to provide state matching grants to the northwest Indiana regional development authority (RDA) for projects extending the Chicago, South Shore, and South Bend Railway (Railway). Requires the RDA to make certain commitments in order to receive a grant. Requires a return on investment analysis. Requires review of grant applications by the budget committee and approval by the budget agency. Establishes the South Shore line transit oriented development fund (fund). Provides that the RDA administers the fund. Provides that a political subdivision that contributes county economic development income tax revenue received by the political South Shore line extension. Creates a program to provide state matching grants to the northwest Indiana regional development authority (RDA) for projects extending the Chicago, South Shore, and South Bend Railway (Railway). Requires the RDA to make certain commitments in order to receive a grant. Requires a return on investment analysis. Requires review of grant applications by the budget committee and approval by the budget agency. Establishes the South Shore line transit oriented development fund (fund). Provides that the RDA administers the fund. Provides that a political subdivision that contributes county economic development income tax revenue received by the political subdivision to the extension of the Railway may apply for a grant from the fund for a project that conforms with the plan to extend the Railway. ... View more