DIGEST OF INTRODUCED BILL
Zoo and aquarium development areas. Allows the following cities with accredited zoos to designate a zoo and aquarium development tax area covering certain facilities: Fort Wayne; South Bend; Evansville; Michigan City; Lafayette; Indianapolis. Requires the area to be established before July 1, 2001, and provides that the area terminates not later than December 31, 2030. Provides that covered taxes earned in the tax area are allocated to a zoo and aquarium development area fund established for the city. Provides that the funds may only be used for: (1) a zoo or an aquarium capital improvement; or (2) the financing or refinancing of a capital improvement. Appropriates $39,200,000 to certain zoos for capital projects. Provides that money appropriated to unaccredited zoos must be used for capital projects that will assist the zoos in achieving accreditation. Provides that money appropriated for a proposed capital project may not be expended until the capital project is reviewed by the budget committee and approved by the governor upon the recommendation of the budget agency.