Bill Text: IN HR0089 | 2012 | Regular Session | Introduced

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Bill Title: Study of emergency means of local governments borrowing from the state.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (N/A - Dead) 2012-03-09 - Referred to Committee on Ways and Means [HR0089 Detail]

Download: Indiana-2012-HR0089-Introduced.html

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Introduced Version

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HOUSE

RESOLUTION No. ___

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Introduced by: Welch

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    A HOUSE RESOLUTION urging the Legislative Council to assign to the Tax and Finance Commission, or to another appropriate committee, the topic of emergency borrowing from the state.
    
    Whereas, Sound public policy requires that Indiana have in a place a comprehensive plan that lays out procedures and conditions for local units of government and school corporations in financial distress to obtain relief in the form of emergency loans from the state: Therefore,

Be it resolved by the House of Representatives of the

General Assembly of the State of Indiana:

    SECTION 1. That the Indiana House of Representatives urges the Legislative Council to assign to the Tax and Finance Commission, or to another appropriate committee, for interim study the topic of developing a comprehensive plan and set of parameters for distressed local units of government and school corporations to borrow funds from the state on an emergency basis.

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DR 4818/DI lb

2012

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Figure
Graphic file number 0 named seal1001.pcx with height 58 p and width 72 p Left aligned

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