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Enrolled House Bill (H)

Authored by

DIGEST

Various local government matters. Provides that a county that sells a county hospital before January 1, 2017, may establish a charitable nonprofit foundation (foundation) to hold some or all of the proceeds of the sale of the county hospital in trust for the benefit of the county, by the council and the county executive adopting substantially similar ordinances to establish the foundation after June 30, 2018. Provides that the ordinances do not supersede or replace any previously adopted ordinance or agreement effectuating: (1) monetary disbursements; and (2) distributions from the previously executed asset purchase agreement to an Indiana nonprofit corporation. Various local government matters. Provides that a county that sells a county hospital before January 1, 2017, may establish a charitable nonprofit foundation (foundation) to hold some or all of the proceeds of the sale of the county hospital in trust for the benefit of the county, by the council and the county executive adopting substantially similar ordinances to establish the foundation after June 30, 2018. Provides that the ordinances do not supersede or replace any previously adopted ordinance or agreement effectuating: (1) monetary disbursements; and (2) distributions from the previously executed asset purchase agreement to an Indiana nonprofit corporation. Provides the details for the operation of the foundation and use of the trust funds. Provides that another unit in the same county may enter into an interlocal agreement with the county council, the county executive, and the board to invest funds obtained by the unit from the sale of a capital asset into the foundation. Establishes requirements for the contents of the interlocal agreement. Provides that the department of local government finance (DLGF) may not reduce the actual or maximum permissible property tax levy of a unit that enters into an interlocal agreement on account of money transferred into or expended from the foundation. Permits the county to: (1) use money from the principal amount of the donation as a pledge of money to bonds, leases, or other obligations; and (2) pay bonds issued by the county. Specifies that the DLGF may not reduce a county's maximum or actual permissible property tax levy on account of money deposited into or expended from a foundation. Makes changes to certain statutes regarding redevelopment commissions. ... View more