Senate Bill 435 Summary

• Establishes a legislative evaluation schedule for state agencies and programs from 2011 to 2025, with commerce agencies (including the Indiana Economic Development Corporation) to be evaluated in 2011.

• Requires that any state fund savings resulting from committee recommendations regarding commerce agencies or programs must be transferred to the capital access account.

• Transfers administration of the capital access program from the Indiana Economic Development Corporation to the Indiana Finance Authority, effective July 1, 2011.

• Updates all references throughout Indiana Code Chapter 5-28-29 from "corporation" to "authority" to reflect the administrative transfer of the capital access program.