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House Bill 1574


House Bill 1574

ARCHIVE (2011)

Latest Information

 

DIGEST OF HB 1574 (Updated February 17, 2011 12:19 pm - DI 51)


Little Calumet River basin development commission. Requires the Little Calumet River basin development commission to levy a special assessment on parcels of land within certain areas of the Little Calumet River and Burns Waterway watershed. Provides that money collected may be used only for expenses directly related to the operation, repair, and maintenance of flood protection systems within the watershed. Deposits money collected by the assessment into a segregated account within the Little Calumet River project development fund. Provides that if the amount in the account exceeds $12 million the assessment may not be collected for 12 months and until the amount in the segregated account is less than $7 million. Provides for the transfer of $300 thousand dollars to the Indiana regional development authority if the balance in the segregated account is less than $7 million. Provides for the transfer of $900 thousand dollars to the Indiana regional development authority if the balance in the segregated account is equal to or exceeds $7 million. Repeals and moves definition of "political subdivision".
Current Status:
 Passed 2nd reading - first House
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