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IN HB1391
Bill
Status
1/14/2019
Primary Sponsor
Chuck Goodrich
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AI Summary
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Exempts infrastructure projects from the definition of "controlled project," including sanitary sewer systems, wastewater treatment facilities, buildings, parks, recreational facilities, roads, streets, highways, bridges, and water treatment/storage/distribution facilities
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Exempts data center construction projects from the definition of "controlled project"
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Raises the aggregate cost threshold triggering a mandatory referendum from $25 million to $50 million for controlled projects within any 365-day period
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Effective date: July 1, 2019
Legislative Description
Controlled projects. Provides that the term "controlled project" in the statute applicable to the issuing of bonds and other evidences of indebtedness by political subdivisions does not include: (1) an infrastructure project; or (2) a project for the construction of a data center. Increases from $25,000,000 to $50,000,000 the aggregate limit of costs of controlled projects for any 365 day period above which a political subdivision is required to conduct a referendum for additional proposed controlled projects.
Last Action
First reading: referred to Committee on Ways and Means
1/14/2019