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Senate Bill 0350


Senate Bill 0350

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Access to state financial data. Requires state agencies to accept public comments on proposed rules that are sent electronically. Requires the auditor of state, working with the office of technology, to develop and maintain an Internet web site detailing all state expenditures by state agencies (expenditure web site). Requires state agencies to provide information to the auditor of state and to develop links on agency Internet web sites to the expenditure web site. Requires the auditor of state to maintain a link on the expenditure web site to the budget agency information on how budgets are formed. Adds various job and employee definitions to the Indiana economic development corporation (IEDC) laws. Requires all records related to taxpayer funded economic development incentives to be disclosed under the open records law. Provides that the IEDC's annual job creation incentives and compliance report (IEDC annual report) must be published on the expenditure web site. Requires the IEDC and the department of state revenue to compile information on all job creation incentives granted, including the aggregate amount of uncollected or diverted state tax revenues resulting from each incentive, and requires that this information be included in the IEDC annual report. Requires the IEDC to recapture incentives from a recipient failing to make the level of capital investment, failing to create or retain the promised number of jobs, or paying less in wages than specified in the agreement. Requires the IEDC to compile information on all recapture activities and incentives recouped from unfulfilled commitments and to include this information in the IEDC annual report. Requires
    Current Status:
     In Committee - first House
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