Introduced House Bill (H)

Authored by

Co-Authored by

DIGEST

Flood control public works projects. Creates the water resource development and flood prevention grant fund (fund). Requires the transfer of $10,000,000 of surplus revenue from the Hoosier Lottery per year, in quarterly installments, to the fund. Provides that if the surplus revenue from the Hoosier Lottery is insufficient to make any quarterly installment, the insufficiency shall be made up through a transfer from the postwar construction fund. Provides that the fund shall be administered by the Indiana finance authority (authority) and used to provide grants to towns, cities, and counties for flood control public works projects. Requires that all money Flood control public works projects. Creates the water resource development and flood prevention grant fund (fund). Requires the transfer of $10,000,000 of surplus revenue from the Hoosier Lottery per year, in quarterly installments, to the fund. Provides that if the surplus revenue from the Hoosier Lottery is insufficient to make any quarterly installment, the insufficiency shall be made up through a transfer from the postwar construction fund. Provides that the fund shall be administered by the Indiana finance authority (authority) and used to provide grants to towns, cities, and counties for flood control public works projects. Requires that all money transferred to or deposited in the fund during the period beginning July 1, 2018, and ending when the flood control public works project is completed or December 31, 2024, whichever is later, shall be granted to the town of Rocky Ripple for purposes of a flood control public works project. Provides that this flood control public works project must be approved by the authority, the United States Army Corps of Engineers, the mayor of the city of Indianapolis, and the president of the town council of Rocky Ripple. Makes an appropriation. ... View more