IN HB1089

Requires a public referendum before local hospital authorities or corporations in Dearborn, Harrison, Orange, Switzerland, or Ohio counties can issue bonds or execute leases for capital projects exceeding $2 million (or 1% of assessed property value if at least $1 million)

Applies only to projects where riverboat gaming revenue is expected to pay costs and property taxes are pledged as backup if other funds are insufficient

Referendum can be triggered by petition from at least 100 property owners or 5% of registered voters in the political subdivision

Requires disclosure of all revenue sources expected to fund the project and identification of any years where revenues may fall below 125% of debt obligations

Takes effect immediately upon passage, applying to bonds or leases authorized after May 8, 2011