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IN HB1312

Bill

Official Source

Status

Introduced

1/14/2019

Primary Sponsor

Thomas Saunders

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Bonds issued under regional jail agreements, including refunding bonds, cannot exceed a 30-year term when payable from local income tax revenue
  • Leases entered into under regional jail agreements payable from local income tax revenue are also capped at 30 years
  • Adds new section IC 11-12-5.5-3.5 to Indiana Code concerning corrections
  • Effective date: July 1, 2019

Legislative Description

Regional jails. Provides that bonds and leases entered into under a regional jail agreement and payable from local income tax revenue may not exceed 30 years.

Last Action

Representatives Wright and Austin added as coauthors

1/17/2019

Committee Referrals

Ways and Means1/14/2019

Full Bill Text

No bill text available