Senate Bill (H)

DIGEST

Bonding for transportation projects. Provides that the Indiana finance authority (authority) may issue bonds or notes after April 30, 2017, for the construction of transportation projects. Provides that the total amount of all such bonds and notes issued by the authority after April 30, 2017, may not exceed $500,000,000. Specifies the maximum maturity of the bonds or notes. Provides that: (1) all or a part of the bonds or notes sold by the authority must first be offered to a pension fund administered by the board of trustees of the Indiana public retirement system, and the authority may sell the Bonding for transportation projects. Provides that the Indiana finance authority (authority) may issue bonds or notes after April 30, 2017, for the construction of transportation projects. Provides that the total amount of all such bonds and notes issued by the authority after April 30, 2017, may not exceed $500,000,000. Specifies the maximum maturity of the bonds or notes. Provides that: (1) all or a part of the bonds or notes sold by the authority must first be offered to a pension fund administered by the board of trustees of the Indiana public retirement system, and the authority may sell the bonds or notes to such a pension fund at a negotiated sale; and (2) to the extent a pension fund administered by the board of trustees of the Indiana public retirement system does not purchase all or a part of the bonds or notes, the authority may sell the bonds or notes at a public sale. Authorizes the board of trustees of the Indiana public retirement system to invest in the bonds or notes. ... View more