IN SB0063

Exempts certain leasehold interests in real property owned by the state or Ports of Indiana from property taxation when leased to political subdivisions or governmental entities after March 31, 2012

Extends maximum bond maturity from 35 to 40 years and authorizes bonds to be sold at public or private sale rather than requiring public sale

Reduces the number of independent appraisers required before selling property from three to one, and exempts leases for self-liquidating or nonrecourse projects from governor approval

Removes the requirement for annual audits by the state board of accounts, replacing it with audits by independent certified public accountants

Exempts the Ports of Indiana from common construction wage requirements for self-liquidating or nonrecourse projects not located at a port