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House Bill 1360


House Bill 1360

ARCHIVE (2002)

Latest Information

 

DIGEST OF HB 1360 (Updated March 14, 2002 11:45 PM - DI 52)


Expands the types of entities eligible to receive money from the build Indiana fund (BIF) to include: (1) all political subdivisions, including townships; (2) volunteer fire departments; (3) state instrumentalities; and (4) certain nonprofit organizations. Allows BIF money to be used for any state or local capital project, the development or expansion of which: (1) serves a governmental, recreational, cultural, community, health, charitable, scientific, public safety, literary, or educational purpose; (2) fosters amateur sports competition; or (3) fosters prevention of cruelty to children. Allows BIF money to be used for the acquisition of machinery, equipment, or furnishings. Directs that BIF money be allocated equally among legislative districts without regard to the political affiliation of the members representing the districts. Requires all BIF recipients to provide a project statement and enter into a funding agreement before receiving BIF money. Requires an eligible recipient to present proof of payment or proof that the eligible recipient is legally obligated to make payment before the eligible recipient is entitled to receive a distribution of BIF money. Requires the budget agency to certify project statements and monitor compliance with funding agreements. Eliminates the requirement that the budget agency establish three separate accounts in BIF. Appropriates money to the budget agency to administer BIF and pay the cost of audits. Repeals the build Indiana capital projects review committee.
Current Status:
 Law Enacted
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