HB 1401 Summary

• Exempts public libraries in Lake County from requiring city or town council approval of their budgets and tax levies if the budget increase does not exceed the assessed value growth quotient used for other civil taxing units outside Lake County.

• Removes a reference to public libraries from IC 6-1.1-17-20 that no longer applies to public libraries, streamlining the statute.

• Applies the same budget increase limitation to additional appropriations by public libraries subject to nonbinding review, requiring city, town, or county fiscal body approval only if increases exceed the applicable percentage threshold.

• Takes effect upon passage with an emergency clause declared.