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House Bill (S)

DIGEST

Indiana finance authority matters. Requires state budget committee review of any proposed extension or amendment to a public-private agreement to which the Indiana finance authority or the state is a party, if the proposed amendment or extension to the public-private agreement is entered into after May 1, 2019, and the proposed amendment or extension has a fiscal impact. Prohibits any extension or amendment to such a public-private agreement until after the budget committee has reviewed the proposed extension or amendment. Specifies that any lump sum amounts received under such a public-private agreement must be held in reserve until May 1 Indiana finance authority matters. Requires state budget committee review of any proposed extension or amendment to a public-private agreement to which the Indiana finance authority or the state is a party, if the proposed amendment or extension to the public-private agreement is entered into after May 1, 2019, and the proposed amendment or extension has a fiscal impact. Prohibits any extension or amendment to such a public-private agreement until after the budget committee has reviewed the proposed extension or amendment. Specifies that any lump sum amounts received under such a public-private agreement must be held in reserve until May 1 of the calendar year following the calendar year in which the lump sum payment was received. Removes the power to make transfers from the major moves construction fund to the state highway fund. ... View more