IN SB0203

State Board of Accounts designated as economic development ombudsman for the Indiana Economic Development Corporation (IEDC), with authority to conduct fraud investigations, performance audits, and recommend transparency policies to the General Assembly

Two nonvoting legislative members added to IEDC board: one appointed by House Speaker, one by Senate President Pro Tempore, serving two-year terms with per diem and travel allowances

IEDC required to establish a public dashboard displaying longitudinal economic development data including tax spending, jobs created, cost-per-job ratios, and geographic distribution of investments by county/region

IEDC must analyze potential utility rate impacts (water, wastewater, electricity, natural gas) of proposed economic development projects, considering existing infrastructure and water resource availability

Mitigation plan required when proposed projects are projected to negatively impact utility ratepayers, with IEDC authorized to consult utilities, local governments, and consumer advocates in developing the plan