Indiana Senate Bill 225 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 6 2020 - 25% progression, died in committee
Action: 2020-01-06 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Bonding procedures. Removes a provision specifying that a negotiated sale is not authorized after June 30, 2021, for the following political subdivisions: (1) A consolidated city. (2) A second class city. (3) A school corporation located in a consolidated city or a second class city. Expands the list of political subdivisions that are eligible to sell bonds at a negotiated sale to include the following: (1) A third class city. (2) A public library or another special taxing district located in a consolidated city, second class city, or third class city. Provides that this expansion does not apply to refinancing bonds and some revenue bonds that are dedicated to a limited purpose.

Bonding procedures.

Sen. Greg Taylor [D]

Date	Chamber	Action
2020-01-06	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2020-01-06	Senate	Authored by Senator Taylor G

Type	Source
Summary	https://iga.in.gov/legislative/2020/bills/senate/225/details
Text	http://iga.in.gov/static-documents/7/1/9/6/7196cd83/SB0225.01.INTR.pdf