Loading chat...

IN SB0474

Bill

Status

Engrossed

2/18/2013

Primary Sponsor

James Buck

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Ways and Means2/26/2013
Tax and Fiscal Policy1/14/2013

Full Bill Text

No bill text available