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House Bill 1002


House Bill 1002

ARCHIVE (2009 Special Session)

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DIGEST OF INTRODUCED BILL


Marion County capital facilities. Marion County capital facilities. Permits the city-county council to increase: (1) the county supplemental auto rental excise tax by 2% (4% to 6%); (2) the county admissions tax by 4% (6% to 10%); and (3) the county innkeeper's tax by 1% (9% to 10%). Requires Marion County to adopt the increases before September 1, 2009. Creates a new Marion County facilities management board (FMB). Provides that the FMB assumes the powers and duties of the Indianapolis-Marion County Building Authority. Abolishes the Marion County capital improvement board and transfers its powers, duties, assets, and liabilities to the FMB. Provides that the FMB board of directors has nine directors, with three directors appointed by the mayor, two directors appointed by the county commissioners, one director appointed by the city- county council, the president of the county convention and visitors association, and two directors appointed by the governor. Deposits the revenue from the county tax increases in a new sports and convention facilities operating fund for the FMB. Restricts the use of the new operating fund to paying usual and customary operating expenses with respect to capital improvements operated by the FMB. Allows for an addition to the Marion County professional sports development area to include the hotels in an area bounded by Washington, Illinois, and Maryland streets. Provides for state sales taxes and state and local income taxes from the additional area to be captured for the FMB up to $8,000,000 per year. Allows the captured taxes to be deposited in the new sports and convention facilities operating fund for the FMB if the budget director determines that the additional county excise taxes are in effect on January 1 of a year (September 1 for 2009). Requires the FMB to submit its operating and capital budget for review, approval, or rejection to the Marion County city-county council. Requires the FMB to present a long range financial plan to the city-county council before January 1, 2010. Requires the state board of accounts (SBOA) to do a financial and compliance audit annually of the FMB. Requires the FMB to submit the SBOA reports to the Marion County city-county council. Requires the Marion County city- county council to review the SBOA reports at a public hearing. Requires the FMB to post its proposed operating and capital budget, its adopted operating and capital budget, and the SBOA reports on the Internet. Requires the city-county council to approve the issuance of revenue and general obligation bonds by the FMB. Removes the Marion County board of commissioners from the review and approval of general obligation bonds and adds a requirement for the mayor's approval. Requires the legislative services agency to prepare legislation for introduction in the 2010 regular session of the general assembly to organize and correct statutes affected by the establishment of the FMB and the transfer of the powers, duties, assets, and liabilities of the Indianapolis-Marion County Building Authority and the Marion County Capital Improvement Board to the FMB by this act. Makes corresponding changes.
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