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Citations Affected: Noncode.

Synopsis: Interim study committee on economic development. Establishes the interim study committee on economic development. Specifies the issues to be studied by the committee. Specifies the membership of the committee. Requires the committee to issue a final report before November 1, 2010, to the legislative council.

Effective: Upon passage.

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Hershman, Randolph

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    January 11, 2010, read first time and referred to Committee on Tax and Fiscal Policy.
    January 28, 2010, reported favorably _ Do Pass.
    February 1, 2010, read second time, amended, ordered engrossed.

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PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2009 Regular and Special Sessions of the General Assembly.

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    A BILL FOR AN ACT concerning economic development.

SOURCE: ; (10)SB0237.2.1. -->     SECTION 1. [EFFECTIVE UPON PASSAGE] (a) The interim study committee on economic development is established to study the following:
        (1) Best practices in state and local economic development policies and activities.
        (2) The use and effectiveness of tax credits and deductions.
        (3) Whether there are any specific sectors of the economy for which Indiana might have comparative advantages over other states.
        (4) The extent to which Indiana's tax laws encourage business investment, and any improvements that might be made to Indiana's tax laws.
        (5) The extent to which Indiana's education systems support economic development.
        (6) Any other issue assigned to the committee by the legislative council or as directed by the committee's co-chairs.
    (b) The committee consists of the following members:
        (1) Two (2) members of the senate, who must be affiliated

with different political parties, appointed by the president pro tempore of the senate.
        (2) Two (2) members of the house of representatives, who must be affiliated with different political parties, appointed by the speaker of the house of representatives.
        (3) The chief executive officer of the Indiana economic development corporation (or the chief executive officer's designee).
        (4) The following twelve (12) members appointed by the governor, not more than six (6) of whom may be affiliated with the same political party:
            (A) One (1) member to represent large businesses.
            (B) One (1) member to represent small businesses.
            (C) One (1) member to represent banking and finance.
            (D) One (1) member to represent labor interests.
            (E) One (1) member to represent higher education.
            (F) One (1) member to represent local economic development organizations and officials.
            (G) One (1) member to represent cities.
            (H) One (1) member to represent counties.
            (I) One (1) member to represent agricultural interests.
            (J) One (1) member to represent the public at large.
            (K) One (1) member to represent kindergarten through grade 12 education.
            (L) One (1) member to represent the arts and humanities.
    (c) The president pro tempore of the senate shall appoint one (1) of the members appointed by the president as a co-chair of the committee. The speaker of the house of representatives shall appoint one (1) of the members appointed by the speaker as a co-chair of the committee.
    (d) The committee shall issue a final report in an electronic format under IC 5-14-6 before November 30, 2010, to the legislative council containing any findings and recommendations of the committee.
    (e) Except as otherwise provided, the committee shall operate under the policies governing study committees adopted by the legislative council.
    (f) The affirmative votes of a majority of the voting members appointed to the committee are required for the committee to take action on any measure, including final reports.
    (g) This SECTION expires January 1, 2011.

SOURCE: ; (10)SB0237.2.2. -->     SECTION 2. An emergency is declared for this act.

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