Introduced House Bill (H)

Authored by

DIGEST

Referendum process and remonstrance process. Amends the thresholds applicable to the petition and remonstrance process and the referendum process as follows: (1) Specifies that a project is a controlled project for purposes of the law governing those processes if the project will cost more than the lesser of: (A) $10,000,000; or (B) the sum of 1% of the first $100,000,000 of the gross assessed value of property within the political subdivision plus 0.5% of the total amount of that part of the gross assessed value that exceeds $100,000,000. (2) Specifies that voters or property owners may initiate the petition and Referendum process and remonstrance process. Amends the thresholds applicable to the petition and remonstrance process and the referendum process as follows: (1) Specifies that a project is a controlled project for purposes of the law governing those processes if the project will cost more than the lesser of: (A) $10,000,000; or (B) the sum of 1% of the first $100,000,000 of the gross assessed value of property within the political subdivision plus 0.5% of the total amount of that part of the gross assessed value that exceeds $100,000,000. (2) Specifies that voters or property owners may initiate the petition and remonstrance process if the project is a controlled project but the project will not cost more than the lesser of $20,000,000 or 1% of the gross assessed value of property within the political subdivision. (3) Specifies that voters or property owners may initiate the referendum process if the project is a controlled project and the project will cost more than the lesser of $20,000,000 or 1% of the gross assessed value of property within the political subdivision. Requires a political subdivision's notice of the preliminary determination to issue bonds or enter into a lease for a controlled project to include also information concerning the estimated amount of the political subdivision's debt service levy and rate that will result during the following 10 years if the political subdivision issues the bonds or enters into the lease, after also considering any changes that will occur to the debt service levy and rate during that period on account of any outstanding bonds or lease obligations that will mature or terminate. Provides that a petition requesting the application of a petition and remonstrance process or the referendum process (as applicable) must be signed by the lesser of: (1) 500 persons who are either owners of property within the political subdivision or registered voters residing within the political subdivision (rather than 100 persons, under current law); or (2) the sum of 5% of the first 5,000 registered voters residing within the political subdivision, plus 2.5% of the number (if any) of the registered voters residing within the political subdivision that exceeds the first 5,000 registered voters (rather than 5% of such registered voters, under current law). Specifies additional information concerning debt service tax rates that must be included in the ballot language for a capital projects referendum. Relocates existing law concerning calculation of the cost of certain projects by a school corporation career and technical education school to a separate section within the controlled projects statute. Requires a political subdivision to: (1) conduct at least two public hearings on a preliminary determination concerning a controlled project (rather than one hearing, under current law); and (2) make certain information available to the public at each of the public hearings. Provides that if a referendum for a controlled project or for a school referendum levy is defeated, another referendum may not be held earlier than 700 days after the date of the first referendum (rather than 350 days, under current law). Specifies that the 350 day limit applies if a sufficient petition requesting that limit is submitted by property owners or voters. ... View more