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House Bill 1077

House Bill 1077

ARCHIVE (2013)

Latest Information

DIGEST OF HB 1077 (Updated March 19, 2013 2:14 pm - DI 84)

Fund transfers. Designates the county, city, or town executive as the governing body authorized to transfer money from an economic development income tax. Requires the executive to adjust the capital improvement plan to reflect the transfer. Provides that after appropriation and transfer, the money may be used for the purposes of the fund to which it is transferred. Provides that a unit may not transfer money if the amount transferred would impair the unit's ability to satisfy any debts, liabilities, or obligations for which county economic development income taxes are pledged or otherwise encumbered, including transfers required by the northwest Indiana regional development authority law.
Current Status:
Law Enacted
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