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House Bill 1097


House Bill 1097

ARCHIVE (2005)

Latest Information

 

DIGEST OF HB1097 (Updated April 11, 2005 5:17 pm - DI 84)


Local finance matters. Requires rules of the department of local government finance to include instructions for: (1) determining the true tax value of certain mobile homes in a prescribed manner; and (2) determining the true tax value at the time of acquisition of computer application software for the purpose of deducting that value from the true tax value of taxable personal property. Requires the controller of a solid waste management district to deposit and invest the district's money in the same manner that other county money is deposited and invested. Allows a school corporation to form a foundation to hold grants, gifts, and certain other money received by the school corporation. Provides that in Marion County the city controller assumes certain powers and duties of the county auditor. Provides for the appointment of two deputy controllers by the mayor of Indianapolis. Creates the department of administration and equal opportunity in Marion County to replace the existing department of administration. Establishes the office of finance and management (the office). Specifies that the controller is the director of the office. Provides that city controller and the office are responsible for: (1) financial reporting and audits; (2) purchasing; and (3) fixed assets; for all city and county departments, offices, and agencies. Provides that city controller and the office are responsible for budgeting for all city and county departments, offices, and agencies, other than the circuit and superior courts and the county prosecutor. Limits the duties of the Marion County board of commissioners. Provides that city- county council ordinances in Marion County concerning the budgets for elected county officers or judicial officers are subject to veto.
Current Status:
 In Conference Committee
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