Bill Title: Public transportation and school transportation funding. Permits a redevelopment commission outside Marion County to provide revenue on an annual basis to a public transportation corporation from property taxes allocated to the redevelopment commission in a tax increment financing allocation area. Specifies the amount of property taxes that may be transferred by the redevelopment commission to the public transportation corporation. Requires a joint public hearing of the legislative body of the unit that established the tax increment financing area, the redevelopment commission, and the governing body of the public transportation corporation and the adoption of substantially similar authorizing resolutions. Provides that

Spectrum: Moderate Partisan Bill (Republican 10-2)

Status: (Engrossed - Dead) 2016-02-09 - First reading: referred to Committee on Ways and Means [SB0280 Detail]

Text: Latest bill text (Amended) [PDF]

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