IN HB1226 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 14 2014 - 25% progression, died in committee
Action: 2014-01-14 - First Reading: Referred to Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 14 2014 - 25% progression, died in committee
Action: 2014-01-14 - First Reading: Referred to Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizes a county that sells a county asset for more than $50,000,000 to establish a major county asset sale fund as a trust fund for the deposit of the proceeds of the sale. Provides that the principal of the fund may not be diminished. Specifies that interest earned on the fund may be used to supplement the county general fund or for projects proposed by the county executive and approved by a majority vote of the combined membership of the county fiscal body and county executive.
Title
County asset sale fund.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-01-14 | House | First Reading: Referred to Ways and Means |
| 2014-01-13 | House | Authored by Representative Moseley. |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2014/bills/house/1226/details |
| Text | http://iga.in.gov/static-documents/6/b/6/6/6b664432/HB1226.01.INTR.pdf |
