Bill Text: IN HB1403 | 2015 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Regional cities. Establishes the Indiana regional city fund (fund) to provide grants and loans to regional development authorities. Provides that the Indiana economic development corporation administers the fund. Broadens the definition of "project" under the regional development authority statute to include any project that enhances a region with the goal of attracting people or business. Specifies that the board of the Indiana economic development corporation (board) may not approve an application for a grant unless: (1) the budget committee has reviewed the application; (2) the board finds that approving the application will have an overall positive return on investment for
Spectrum: Slight Partisan Bill (Republican 7-3)
Status: (Passed) 2015-05-06 - Public Law 178 [HB1403 Detail]
Download: Indiana-2015-HB1403-Amended.pdf
Bill Title: Regional cities. Establishes the Indiana regional city fund (fund) to provide grants and loans to regional development authorities. Provides that the Indiana economic development corporation administers the fund. Broadens the definition of "project" under the regional development authority statute to include any project that enhances a region with the goal of attracting people or business. Specifies that the board of the Indiana economic development corporation (board) may not approve an application for a grant unless: (1) the budget committee has reviewed the application; (2) the board finds that approving the application will have an overall positive return on investment for
Spectrum: Slight Partisan Bill (Republican 7-3)
Status: (Passed) 2015-05-06 - Public Law 178 [HB1403 Detail]
Download: Indiana-2015-HB1403-Amended.pdf
