Indiana House Bill 1454 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 22 2013 - 25% progression, died in committee
Action: 2013-01-22 - First reading: referred to Committee on Local Government
Pending: House Local Government Committee
Text: Latest bill text (Introduced) [HTML]

Removes a provision allowing a political subdivision to transfer not more than 10% of its annual budget to its rainy day fund. Provides that unused and unencumbered funds from any fiscal year and certain specified sources may be transferred to the rainy day fund at any time. Provides that unobligated cash balances from any fiscal year and sources not specified by statute may be transferred to the rainy day fund if the amount of the transfer is specified in an ordinance or resolution establishing the rainy day fund and the transfer is not more than 10% of the political subdivision's annual budget.

Local government rainy day funds.

Rep. Mara Reardon [D]

Date	Chamber	Action
2013-01-22	House	First reading: referred to Committee on Local Government
2013-01-22	House	Authored by Representative Candelaria Reardon

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2013&session=1&request=getBill&doctype=HB&docno=1454
Text	http://www.in.gov/legislative/bills/2013/IN/IN1454.1.html