SB 225 Indiana Senate · 2020 Regular Session

Bonding procedures.

Summary
Removes a provision specifying that a negotiated sale is not authorized after June 30, 2021, for the following political subdivisions: (1) A consolidated city. (2) A second class city. (3) A school corporation located in a consolidated city or a second class city. Expands the list of political subdivisions that are eligible to sell bonds at a negotiated sale to include the following: (1) A third class city. (2) A public library or another special taxing district located in a consolidated city, second class city, or third class city. Provides that this expansion does not apply to refinancing bonds and some revenue bonds that are dedicated to a limited purpose.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2020
Committee Review
Floor Vote
Governor
Introduced Jan 6, 2020 Last action Jan 6, 2020
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1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Greg Taylor
Greg Taylor
DDemocratic
IN
33