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IN SB0630
Bill
AI Summary
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Replaces population-based references (cities with population between 5,000-5,100) with the explicit name "city of Lawrenceburg" in Indiana Code sections governing municipal definitions and investment authority
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Replaces population-based references (towns with 5,000-10,000 population in counties with 140,000-150,000 population) with the explicit name "town of Danville" for investment provisions
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Conservancy districts in Lawrenceburg retain authority to invest up to 25% of their portfolio in municipal and equity securities with extended maturity options
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Danville's clerk-treasurer retains authority to invest host community agreement future fund money in municipal and equity securities, capped at 25% of total portfolio
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Effective date: July 1, 2019
Legislative Description
Statutory references to certain municipalities. Replaces population parameters referring to the city of Lawrenceburg and the town of Danville with the names of the respective municipalities.
Last Action
First reading: referred to Committee on Local Government
1/15/2019