Indiana House Bill 1473 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on May 5 2019 - 100% progression
Action: 2019-05-05 - Public Law 259
Text: Latest bill text (Enrolled) [PDF]

Indiana bond bank. Allows the Indiana bond bank to require certain entities to establish separate reserve accounts as additional security in connection with the issuance of bonds or notes. Allows and establishes terms and procedures for certain entities to assign or otherwise transfer a future stream of revenue to the Indiana bond bank or certain other entities to obtain funding. Establishes conditions under which the state board of finance may sell, transfer, or liquidate agreements that evidence the state's right to make deductions from state tuition support to pay advances from the common school fund under the school corporation and charter school safety advance program. Provides that the state board of education must report to the budget committee each year on any defaults on the repayment of advances from the common school fund by charter schools that have closed or otherwise ceased operations. Requires the department of local government finance to notify the Lake County auditor of the estimated and certified tax revenue that will be withheld from revenue allocated for economic development purposes for certain civil taxing units and distributed to the secretary-treasurer of the northwest Indiana regional development authority (authority). Requires the auditor of state to withhold local income tax revenue from the revenue allocated for economic development purposes for certain civil taxing units in Lake County and distribute it to the secretary-treasurer of the authority. Provides for distribution of certain amounts collected by the authority if a full funding grant agreement is not entered into for the West Lake corridor project.

Indiana bond bank. Allows the Indiana bond bank to require certain entities to establish separate reserve accounts as additional security in connection with the issuance of bonds or notes. Allows and establishes terms and procedures for certain entities to assign or otherwise transfer a future stream of revenue to the Indiana bond bank or certain other entities to obtain funding. Establishes conditions under which the state board of finance may sell, transfer, or liquidate agreements that evidence the state's right to make deductions from state tuition support to pay advances from the common school fund under the school corporation and charter school safety advance program. Provides that the state board of education must report to the budget committee each year on any defaults on the repayment of advances from the common school fund by charter schools that have closed or otherwise ceased operations. Requires the department of local government finance to notify the Lake County auditor of the estimated and certified tax revenue that will be withheld from revenue allocated for economic development purposes for certain civil taxing units and distributed to the secretary-treasurer of the northwest Indiana regional development authority (authority). Requires the auditor of state to withhold local income tax revenue from the revenue allocated for economic development purposes for certain civil taxing units in Lake County and distribute it to the secretary-treasurer of the authority. Provides for distribution of certain amounts collected by the authority if a full funding grant agreement is not entered into for the West Lake corridor project.

Rep. Gregory Steuerwald [R]	Rep. Michael Karickhoff [R]	Rep. Edward DeLaney [D]	Rep. Cherrish Pryor [D]
Sen. Randall Head [R]	Sen. Travis Holdman [R]	Sen. Greg Taylor [D]	Sen. Lonnie Randolph [D]

2019-04-16 - House - House - House concurred in Senate amendments (Y: 92 N: 0 NV: 1 Abs: 7) [PASS]
2019-04-08 - Senate - Senate - Third reading (Y: 48 N: 0 NV: 1 Abs: 1) [PASS]
2019-03-26 - Senate - Senate - Committee Vote (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-11 - House - Third reading (Y: 90 N: 0 NV: 2 Abs: 8) [PASS]
2019-01-31 - House - House - Committee Vote (Y: 23 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2019-05-05	House	Public Law 259
2019-05-05	House	Signed by the Governor
2019-04-30	Senate	Signed by the President of the Senate
2019-04-18	Senate	Signed by the President Pro Tempore
2019-04-18	House	Signed by the Speaker
2019-04-16	House	House concurred in Senate amendments; Roll Call 539: yeas 92, nays 0
2019-04-16	House	Motion to concur filed
2019-04-09	Senate	Returned to the House with amendments
2019-04-08	Senate	Third reading: passed; Roll Call 406: yeas 48, nays 0
2019-04-04	Senate	Amendment #4 (Niemeyer) prevailed; voice vote
2019-04-04	Senate	Amendment #3 (Holdman) prevailed; voice vote
2019-04-04	Senate	Second reading: amended, ordered engrossed
2019-04-02	Senate	Senator Randolph added as cosponsor
2019-03-26	Senate	Committee report: amend do pass, adopted
2019-03-04	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2019-02-12	House	Referred to the Senate
2019-02-11	House	Senate sponsors: Senators Head, Holdman and Taylor G
2019-02-11	House	Third reading: passed; Roll Call 134: yeas 90, nays 0
2019-02-07	House	Second reading: ordered engrossed
2019-02-04	House	Committee report: amend do pass, adopted
2019-01-31	House	Representatives Karickhoff, DeLaney, Pryor added as coauthors
2019-01-15	House	First reading: referred to Committee on Ways and Means
2019-01-15	House	Authored by Representative Steuerwald

Type	Source
Summary	https://iga.in.gov/legislative/2019/bills/house/1473/details
Text	http://iga.in.gov/static-documents/9/7/f/7/97f7e3a7/HB1473.01.INTR.pdf
Text	http://iga.in.gov/static-documents/e/e/2/4/ee249ad5/HB1473.01.INTR.pdf
Text	http://iga.in.gov/static-documents/f/a/8/2/fa82e773/HB1473.02.COMH.pdf
Text	http://iga.in.gov/static-documents/c/c/1/3/cc13b54b/HB1473.02.COMH.pdf
Text	http://iga.in.gov/static-documents/0/2/0/8/0208e1a1/HB1473.03.COMS.pdf
Text	http://iga.in.gov/static-documents/3/2/7/4/32743070/HB1473.03.COMS.pdf
Text	http://iga.in.gov/static-documents/e/5/f/c/e5fc4259/HB1473.04.ENGS.pdf
Text	http://iga.in.gov/static-documents/f/a/a/8/faa8bf95/HB1473.04.ENGS.pdf
Text	http://iga.in.gov/static-documents/b/b/e/5/bbe5a44a/HB1473.05.ENRS.pdf
Roll Call	http://iga.in.gov/static-documents/5/3/2/1/5321ee30/HB1473.01.INTR.00.pdf
Roll Call	http://iga.in.gov/static-documents/f/e/c/8/fec863ae/HB1473.134.pdf
Roll Call	http://iga.in.gov/static-documents/e/5/9/d/e59d40e2/HB1473.02.COMH.01.pdf
Roll Call	http://iga.in.gov/static-documents/d/e/3/7/de3785a0/HB1473.406.pdf
Roll Call	http://iga.in.gov/static-documents/8/6/6/5/86659124/HB1473.539.pdf