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IN SB0474
Bill
AI Summary
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Allows counties to use certified shares from the county adjusted gross income tax and county economic development income tax to maintain, rehabilitate, preserve, or restore historic county courthouses
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Requires the Division of Historic Preservation and Archaeology, working with the Indiana State Museum and Historic Sites Corporation, to create a traveling exhibit about the role of historic courthouses in county and state history, architecture, and art
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Establishes the Historic Courthouse Rehabilitation and Restoration Revolving Fund to provide loans to counties for courthouse projects on properties listed in the National Register of Historic Places
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Loan limits set at $200,000 or 60% of project cost (whichever is less), with interest rates capped at 75% of the prime lending rate and a maximum 10-year repayment period
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Projects funded through the revolving fund must comply with the Secretary of the Interior's Standards for Rehabilitation
Legislative Description
Historic county courthouses.
Last Action
First reading: referred to Committee on Ways and Means
2/26/2013