Enrolled House Bill (H)

Authored by

DIGEST

Certified technology parks. Requires that a certified technology park be recertified every three years beginning January 1, 2018. (Under current law, a certified technology park is required to be recertified every four years.) Requires the Indiana economic development corporation (IEDC), in conjunction with the office of management and budget (OMB), to develop metrics for measuring the performance of a certified technology park during a review period. Requires the IEDC to consult with local units of government in developing the metrics. Requires the metrics to include: (1) the criteria to be used to analyze and evaluate each category of information furnished Certified technology parks. Requires that a certified technology park be recertified every three years beginning January 1, 2018. (Under current law, a certified technology park is required to be recertified every four years.) Requires the Indiana economic development corporation (IEDC), in conjunction with the office of management and budget (OMB), to develop metrics for measuring the performance of a certified technology park during a review period. Requires the IEDC to consult with local units of government in developing the metrics. Requires the metrics to include: (1) the criteria to be used to analyze and evaluate each category of information furnished by a certified technology park to the IEDC during the course of a review; and (2) a set of minimum threshold requirements for performance to be achieved regarding each category of information. Provides that a certified technology park must meet the minimum threshold requirements for performance set forth in the metrics before it may be recertified. Specifies that the board of the IEDC is the appropriate entity to adopt the metrics used in the performance review of a certified technology park. Requires the IEDC to submit a report that describes the adopted metrics to the legislative council and the interim study committee on fiscal policy before July 1, 2018. ... View more