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IN HB1398
Bill
Status
5/5/2015
Primary Sponsor
Edmond Soliday
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AI Summary
HEA 1398 Summary
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Redirects riverboat admissions and wagering tax revenue to the northwest Indiana regional development authority (RDA) to satisfy funding obligations of Lake County, East Chicago, Gary, and Hammond, with distributions made quarterly based on per-person admissions taxes ($1 per person up to $875,000 per quarter per city).
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Modifies airport authority governance by eliminating requirements for certified public accountants to evaluate internal accounting controls and express opinions on those controls during annual audits of the Gary airport authority.
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Restricts RDA authority to fund economic development projects only when the development board finds projects are consistent with RDA transportation/airport duties or the Marquette Plan, and only after state budget committee review.
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Establishes employment goals requiring RDA-funded construction projects to employ at least 20% of workers from high-unemployment northwest Indiana cities by January 1, 2020.
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Effective July 1, 2015, applies to riverboat admissions tax revenue collected after June 30, 2015, and riverboat wagering tax revenue from wagers made after June 30, 2015.
Legislative Description
Northwest Indiana regional development authority. Provides for direct distributions of riverboat admissions taxes and supplemental distributions to the northwest Indiana regional development authority (RDA) to satisfy the obligations of Lake County, East Chicago, Gary, and Hammond to annually transfer money to the RDA. Eliminates the requirement (in current law) that the certified public accountant who conducts the annual audit of the Gary airport authority also: (1) perform a study and evaluation of the airport authority's internal accounting controls; and (2) express an opinion regrading the audit controls. Provides that the RDA may fund projects only to the extent that the
Last Action
Public Law 192
5/5/2015