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Senate Bill 0524


Senate Bill 0524

ARCHIVE (2007)

Latest Information

 

DIGEST OF SB524 (Updated April 3, 2007 2:08 pm - DI 84)


IFA and IEDC programs. Provides that the definitions in the law establishing the Indiana finance authority (IFA) apply throughout all the other laws administered by the IFA. Abolishes the Indiana health and educational facility financing authority and transfers its powers and duties to the IFA. Replaces references to the "secretary" or "secretary-treasurer" of the IFA with "public finance director". Transfers the following programs from the Indiana finance authority to the Indiana economic development corporation (IEDC): (1) shovel ready site development center; (2) capital access program; (3) industrial development loan guaranty program; (4) agricultural loan and rural development project fund; and (5) business development loan fund. Makes conforming changes. Repeals: (1) provisions in the law governing the health and educational facility financing authority that are also included in the law governing the IFA; and (2) provisions that are relocated from the statutes governing the IFA to the statutes governing the IEDC. Makes other conforming and transitional changes.
    Current Status:
     Law Enacted
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