HB 1316 IN Became Law
IFA approval and revolving loan programs.
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Summary
Provides that a participant may issue and sell bonds to the Indiana finance authority (authority) without the requirement of an increase to the user rates and charges of the participant. Provides that the bonds must be issued under a resolution or ordinance and the proceeds must be used to carry out the purposes allowed by the program. Defines the term "independent evaluator" for purposes of non-revenue water audits. Requires a water utility to annually perform an audit of its water distribution system through the use of the latest version of the American Water Works Association's free water audit software or other methodology software to determine the causes of the water utility's non-revenue water. Provides that the issuance, by the ports of Indiana, of both taxable and tax exempt revenue bonds of the state, payable solely from revenues for the purpose of paying all or any part of the cost of a port or project, is subject to the prior approval of the authority. Provides for the appointment of a nine member board of directors of the Indiana Secondary Market for Education Loans, Inc. (ISMEL). Provides that ISMEL may only borrow money after consulting with the authority not less than three months before ISMEL begins the process of borrowing money. Requires ISMEL to, at least 30 days prior to the issuance or placement of any bond, note, or other instrument, report to the budget committee the estimated amount of the bonds.
Sponsors (3)
- Doug Miller Republican · author
- Ed Charbonneau Republican · sponsor
- Eric Koch Republican · sponsor
Action history (30)
- Jan 12, 2023 Authored by Representative Miller D · lower
- Jan 12, 2023 First reading: referred to Committee on Ways and Means · lower
- Feb 9, 2023 Committee report: amend do pass, adopted · lower
- Feb 13, 2023 Second reading: ordered engrossed · lower
- Feb 14, 2023 Third reading: passed; Roll Call 127: yeas 93, nays 0 · lower
- Feb 14, 2023 Title Amended · lower
- Feb 14, 2023 Senate sponsor: Senator Charbonneau · lower
- Feb 15, 2023 Referred to the Senate · lower
- Feb 27, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
- Mar 20, 2023 Senator Koch added as second sponsor · upper
- Apr 11, 2023 Committee report: amend do pass, adopted · upper
- Apr 17, 2023 Amendment #1 (Baldwin) prevailed; voice vote · upper
- Apr 17, 2023 Second reading: amended, ordered engrossed · upper
- Apr 18, 2023 Third reading: passed; Roll Call 436: yeas 50, nays 0 · upper
- Apr 18, 2023 Returned to the House with amendments · upper
- Apr 25, 2023 Motion to dissent filed · lower
- Apr 25, 2023 House dissented from Senate amendments · lower
- Apr 25, 2023 House conferees appointed: Miller D and Harris · lower
- Apr 25, 2023 House advisors appointed: O'Brien and Pfaff · lower
- Apr 25, 2023 Senate conferees appointed: Charbonneau and Qaddoura · upper
- Apr 25, 2023 Senate advisors appointed: Melton and Koch · upper
- Apr 26, 2023 CCR # 1 filed in the House · lower
- Apr 26, 2023 CCR # 1 filed in the Senate · upper
- Apr 27, 2023 Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 525: yeas 88, nays 0 · lower
- Apr 27, 2023 Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 508: yeas 49, nays 0 · upper
- Apr 28, 2023 Signed by the President of the Senate · upper
- Apr 28, 2023 Signed by the President Pro Tempore · upper
- May 1, 2023 Signed by the Speaker · lower
- May 4, 2023 Public Law 224 · lower
- May 4, 2023 Signed by the Governor · executive
Text versions (6)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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