Senate Bill 350 Summary

• Requires the auditor of state to develop and maintain a publicly accessible, searchable website displaying all state expenditures by agency, including amounts, dates, payers, and payees, with data organized by personal services, operating expenses, and budget categories.

• Mandates state agencies accept public comments on proposed rules submitted electronically, with agencies providing information on how to submit electronic comments in all rule notices and posting details about rescheduled hearings on their websites.

• Requires the Indiana Economic Development Corporation (IEDC) to compile and publish annual job creation incentives and compliance reports on both its website and the auditor's expenditure website, including information on incentive amounts, tax revenue impacts, recipient compliance, and recapture activities.

• Establishes mandatory recapture provisions requiring IEDC incentive recipients to repay awards if they fail to meet capital investment levels, job creation targets, or wage commitments specified in their agreements.

• Requires all IEDC records related to taxpayer-funded economic development incentives to be publicly disclosed under open records laws, and mandates recipients submit detailed annual compliance reports covering job creation, employee wages, and agreement compliance.