Enrolled House Bill (H)

Authored by

DIGEST

South Shore rail transit. Establishes a rail transit corridor in northwest Indiana. Specifies that the main line double tracking project and the West Lake corridor improvement project are considered rail projects. Permits the northwest Indiana regional development authority (NWIRDA) to establish transit development districts containing a train station or regular train stop within the corridor, including new stations or stops along the West Lake corridor. Provides that a county that is not a member of the NWIRDA may participate in the rail projects and the benefits of a transportation development district under certain conditions. Allows such a county to participate South Shore rail transit. Establishes a rail transit corridor in northwest Indiana. Specifies that the main line double tracking project and the West Lake corridor improvement project are considered rail projects. Permits the northwest Indiana regional development authority (NWIRDA) to establish transit development districts containing a train station or regular train stop within the corridor, including new stations or stops along the West Lake corridor. Provides that a county that is not a member of the NWIRDA may participate in the rail projects and the benefits of a transportation development district under certain conditions. Allows such a county to participate by becoming an associate member or through a cash payment option. Requires the NWIRDA to do a pre-financing verification of a nonmember county desiring to participate. Permits a county that is a member of a commuter transportation district to use money in its major bridge fund to: (1) make grants to a commuter transportation system for the benefit of the commuter transportation system; (2) make debt service payments for revenue bonds issued for a rail project of the commuter transportation system; and (3) make grants to the NWIRDA for the benefit of a commuter transportation system, if the NWIRDA has issued bonds for a rail project of the commuter transportation system. Provides that the intercept provisions also apply to a nonmember county participating in the NWIRDA rail project and that notice be given to the treasurer of state and the NWIRDA of a default in order to initiate an intercept. Requires the department of state revenue to annually certify the amount of incremental tax revenues from a district (state income tax, state sales tax, and local income tax), including the extent to which the incremental state income and sales taxes from all districts exceed the sum of the amounts previously appropriated by the general assembly to the development authority for rail projects (including any amounts appropriated for debt service payments made by the Indiana finance authority for a rail project). Provides that the incremental local income tax revenues and incremental local property tax revenues from a district are to be distributed to the NWIRDA in the case of a member county and to the redevelopment commission where the district is located in the case of a cash participant county. Requires incremental revenue to be deposited into a new fund named the south shore improvement and development fund. Requires a separate account in the fund for each district. Specifies that the incremental local income tax revenues and incremental local property tax revenues from a district must be used to provide funding, including financing, for development projects only within that district. Provides for a district steering committee regarding districts located in a NWIRDA member county. Permits Lake County to use local income tax revenue to make its annual transfers to the NWIRDA and to make its local match for grants from the NWIRDA. Permits LaPorte County and Michigan City to become members of the NWIRDA without making contributions covering any time before January 1, 2017. ... View more