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Introduced House Bill (H)

DIGEST

Allen County and Evansville PSCDA. Adds the facilities at the Turnstone Center for Children and Adults with Disabilities, Inc. (Turnstone Center) to the Allen County professional sports and convention development area (PSCDA). Increases the maximum amount of covered taxes that may be captured in the Allen County PSCDA from $3,000,000 to $5,000,000. Provides for distribution of the covered taxes allocated from the Allen County PSCDA between the Allen County War Memorial Coliseum, the Turnstone Center, and the Allen County-Fort Wayne capital improvement board. Requires the Turnstone Center and the Allen County-Fort Wayne capital improvement board to enter into an agreement Allen County and Evansville PSCDA. Adds the facilities at the Turnstone Center for Children and Adults with Disabilities, Inc. (Turnstone Center) to the Allen County professional sports and convention development area (PSCDA). Increases the maximum amount of covered taxes that may be captured in the Allen County PSCDA from $3,000,000 to $5,000,000. Provides for distribution of the covered taxes allocated from the Allen County PSCDA between the Allen County War Memorial Coliseum, the Turnstone Center, and the Allen County-Fort Wayne capital improvement board. Requires the Turnstone Center and the Allen County-Fort Wayne capital improvement board to enter into an agreement specifying the purposes for which the funds must be used. Requires the Turnstone Center to repay any amounts that are not used as provided in the agreement. Provides that not more than 40% of the funds allocated may be used for paying usual and customary operating expenses with respect to a capital improvement. Adds the downtown convention center hotel to the Evansville PSCDA. ... View more