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IN HB1103

Bill

Official Source

Status

Introduced

1/5/2017

Primary Sponsor

Greg Beumer

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Amends IC 5-28-36-9 to authorize a grant from the motorsports improvement fund to the city of Winchester before May 15, 2017
  • Grant amount equals the lesser of $250,000 or the remaining unencumbered money in the fund on May 1, 2017
  • Funds are designated for improvements to enhance the viability of the Winchester Speedway with additional seating capacity
  • Bill also maintains existing grant requirements: $400,000 to Henry County for New Castle Motorsports Park and $1,000,000 to Brownsburg for Lucas Oil Raceway improvements
  • Effective upon passage with an emergency declaration

Legislative Description

Motorsports development. Provides for a grant from the motorsports improvement fund to the city of Winchester for additional seating capacity at the Winchester Speedway.

Last Action

First reading: referred to Committee on Ways and Means

1/5/2017

Committee Referrals

Ways and Means1/5/2017

Full Bill Text

No bill text available