38 | | - | 1 SECTION 1. IC 5-1.2-12-0.5 IS ADDED TO THE INDIANA |
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39 | | - | 2 CODE AS A NEW SECTION TO READ AS FOLLOWS |
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40 | | - | 3 [EFFECTIVE JULY 1, 2023]: Sec. 0.5. The following definitions |
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41 | | - | 4 apply throughout this chapter: |
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42 | | - | 5 (1) "Brownfield" has the meaning set forth in IC 13-11-2-19.3. |
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43 | | - | 6 (2) "Inventory" refers to the inventory of brownfields located |
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44 | | - | 7 in Indiana that the authority is authorized to create and |
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45 | | - | 8 maintain under section 14 of this chapter. |
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46 | | - | 9 SECTION 2. IC 5-1.2-12-3, AS AMENDED BY P.L.10-2019, |
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47 | | - | 10 SECTION 24, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE |
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48 | | - | 11 JULY 1, 2023]: Sec. 3. (a) The Indiana brownfields fund is established |
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49 | | - | 12 to provide money for: |
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50 | | - | 13 (1) grants, loans, and other financial assistance provided to or for |
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51 | | - | 14 the benefit of political subdivisions; and |
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52 | | - | 15 (2) assessments or studies conducted; |
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53 | | - | 16 under this chapter. The authority shall administer, hold, and manage |
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54 | | - | 17 the Indiana brownfields fund. |
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55 | | - | SB 320—LS 7142/DI 150 2 |
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56 | | - | 1 (b) Money in the fund at the end of a state fiscal year does not revert |
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57 | | - | 2 to the state general fund. |
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58 | | - | 3 (c) Expenses of administering the Indiana brownfields fund shall be |
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59 | | - | 4 paid from money in the Indiana brownfields fund. |
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60 | | - | 5 (d) The Indiana brownfields fund consists of the following: |
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61 | | - | 6 (1) Appropriations made by the general assembly. |
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62 | | - | 7 (2) Grants and gifts intended for deposit in the Indiana |
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63 | | - | 8 brownfields fund. |
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64 | | - | 9 (3) Repayments of loans and other financial assistance from the |
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65 | | - | 10 Indiana brownfields fund, including premiums, interest, and |
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66 | | - | 11 penalties. |
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67 | | - | 12 (4) Proceeds from the sale of loans and other financial assistance |
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68 | | - | 13 under section 8 of this chapter. |
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69 | | - | 14 (5) Interest, premiums, gains, or other earnings on the Indiana |
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70 | | - | 15 brownfields fund. |
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71 | | - | 16 (6) Money transferred from the hazardous substances response |
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72 | | - | 17 trust fund under IC 13-25-4-1(a)(9). |
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73 | | - | 18 (7) Fees collected under section 6 of this chapter. |
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74 | | - | 19 (8) Money transferred from the underground petroleum storage |
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75 | | - | 20 tank excess liability trust fund under IC 13-23-7 for the purpose |
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76 | | - | 21 of environmental assessment and remediation on a property |
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77 | | - | 22 containing at least one (1) underground storage tank. |
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78 | | - | 23 (9) Money transferred from the petroleum trust fund under |
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79 | | - | 24 IC 13-23-12-4(1) for the purpose of corrective actions that |
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80 | | - | 25 involve releases of regulated substances from underground |
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81 | | - | 26 storage tanks and are ineligible to receive funds from the |
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82 | | - | 27 underground petroleum storage tank excess liability trust fund |
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83 | | - | 28 under IC 13-23-7. |
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84 | | - | 29 (e) The authority shall invest the money in the Indiana brownfields |
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85 | | - | 30 fund not currently needed to meet the obligations of the Indiana |
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86 | | - | 31 brownfields fund in accordance with an investment policy adopted by |
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87 | | - | 32 the authority. Interest, premiums, gains, or other earnings from the |
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88 | | - | 33 investments shall be credited to and deposited in the Indiana |
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89 | | - | 34 brownfields fund. |
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90 | | - | 35 (f) As an alternative to subsection (e), the authority may invest or |
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91 | | - | 36 cause to be invested all or a part of the Indiana brownfields fund in a |
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92 | | - | 37 fiduciary account or accounts with a trustee that is a financial |
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93 | | - | 38 institution. Notwithstanding any other law, any investment may be |
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94 | | - | 39 made by the trustee in accordance with one (1) or more trust |
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95 | | - | 40 agreements or indentures. A trust agreement or indenture may allow |
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96 | | - | 41 disbursements by the trustee to the authority, a participant, or any other |
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97 | | - | 42 person as provided in the trust agreement or indenture. |
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98 | | - | SB 320—LS 7142/DI 150 3 |
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99 | | - | 1 SECTION 3. IC 5-1.2-12-14 IS ADDED TO THE INDIANA CODE |
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100 | | - | 2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY |
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101 | | - | 3 1, 2023]: Sec. 14. (a) The authority may create and maintain an |
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102 | | - | 4 inventory of brownfields located in Indiana. If created under this |
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103 | | - | 5 section, the inventory must include all properties in Indiana that |
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104 | | - | 6 are known to the authority to meet the definition of "brownfield" |
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105 | | - | 7 set forth in IC 13-11-2-19.3. A property included in the inventory |
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106 | | - | 8 may be removed from the inventory when it no longer meets the |
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107 | | - | 9 definition set forth in IC 13-11-2-19.3. |
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108 | | - | 10 (b) The authority may contract with one (1) or more state |
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109 | | - | 11 supported colleges or universities in Indiana for assistance in |
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110 | | - | 12 creating and maintaining the inventory. |
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111 | | - | 13 (c) The authority may pay costs arising from the creation and |
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112 | | - | 14 maintenance of the inventory with funds appropriated to the |
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113 | | - | 15 Indiana brownfields fund established by section 3 of this chapter. |
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114 | | - | 16 (d) If the inventory is created under this section, the authority |
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115 | | - | 17 shall report the contents of the inventory in writing: |
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116 | | - | 18 (1) not later than September 1, 2024, in calendar year 2024; |
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117 | | - | 19 and |
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118 | | - | 20 (2) not later than September 1 in each even-numbered |
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119 | | - | 21 calendar year after 2024; |
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120 | | - | 22 to the interim study committee on environmental affairs |
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121 | | - | 23 established by IC 2-5-1.3-4(9). A report prepared under this |
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122 | | - | 24 subsection may include findings and recommendations of the |
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123 | | - | 25 authority concerning brownfields and shall be transmitted to the |
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124 | | - | 26 executive director of the legislative services agency in an electronic |
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125 | | - | 27 format under IC 5-14-6 for distribution to the members of the |
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126 | | - | 28 interim study committee on environmental affairs. |
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127 | | - | 29 (e) If the inventory is created under this section, the authority, |
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128 | | - | 30 in creating and maintaining the inventory, shall use data |
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129 | | - | 31 concerning brownfields in a manner consistent with IC 5-14-3-4 to |
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130 | | - | 32 protect the confidentiality of confidential information of or about |
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131 | | - | 33 the owner of a brownfield. |
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132 | | - | SB 320—LS 7142/DI 150 4 |
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133 | | - | COMMITTEE REPORT |
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134 | | - | Madam President: The Senate Committee on Environmental Affairs, |
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135 | | - | to which was referred Senate Bill No. 320, has had the same under |
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136 | | - | consideration and begs leave to report the same back to the Senate with |
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137 | | - | the recommendation that said bill be AMENDED as follows: |
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138 | | - | Page 1, delete lines 1 through 17, begin a new paragraph and insert: |
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139 | | - | "SECTION 1. IC 5-1.2-12-0.5 IS ADDED TO THE INDIANA |
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140 | | - | CODE AS A NEW SECTION TO READ AS FOLLOWS |
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141 | | - | [EFFECTIVE JULY 1, 2023]: Sec. 0.5. The following definitions |
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142 | | - | apply throughout this chapter: |
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143 | | - | (1) "Brownfield" has the meaning set forth in IC 13-11-2-19.3. |
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144 | | - | (2) "Inventory" refers to the inventory of brownfields located |
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145 | | - | in Indiana that the authority is authorized to create and |
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146 | | - | maintain under section 14 of this chapter. |
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147 | | - | SECTION 2. IC 5-1.2-12-3, AS AMENDED BY P.L.10-2019, |
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148 | | - | SECTION 24, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE |
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149 | | - | JULY 1, 2023]: Sec. 3. (a) The Indiana brownfields fund is established |
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150 | | - | to provide money for: |
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151 | | - | (1) grants, loans, and other financial assistance provided to or for |
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152 | | - | the benefit of political subdivisions; and |
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153 | | - | (2) assessments or studies conducted; |
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154 | | - | under this chapter. The authority shall administer, hold, and manage |
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155 | | - | the Indiana brownfields fund. |
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156 | | - | (b) Money in the fund at the end of a state fiscal year does not revert |
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157 | | - | to the state general fund. |
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158 | | - | (c) Expenses of administering the Indiana brownfields fund shall be |
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159 | | - | paid from money in the Indiana brownfields fund. |
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160 | | - | (d) The Indiana brownfields fund consists of the following: |
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161 | | - | (1) Appropriations made by the general assembly. |
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162 | | - | (2) Grants and gifts intended for deposit in the Indiana |
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163 | | - | brownfields fund. |
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164 | | - | (3) Repayments of loans and other financial assistance from the |
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165 | | - | Indiana brownfields fund, including premiums, interest, and |
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166 | | - | penalties. |
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167 | | - | (4) Proceeds from the sale of loans and other financial assistance |
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168 | | - | under section 8 of this chapter. |
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169 | | - | (5) Interest, premiums, gains, or other earnings on the Indiana |
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170 | | - | brownfields fund. |
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171 | | - | (6) Money transferred from the hazardous substances response |
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172 | | - | trust fund under IC 13-25-4-1(a)(9). |
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173 | | - | (7) Fees collected under section 6 of this chapter. |
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174 | | - | SB 320—LS 7142/DI 150 5 |
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175 | | - | (8) Money transferred from the underground petroleum storage |
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176 | | - | tank excess liability trust fund under IC 13-23-7 for the purpose |
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177 | | - | of environmental assessment and remediation on a property |
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178 | | - | containing at least one (1) underground storage tank. |
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179 | | - | (9) Money transferred from the petroleum trust fund under |
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180 | | - | IC 13-23-12-4(1) for the purpose of corrective actions that |
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181 | | - | involve releases of regulated substances from underground |
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182 | | - | storage tanks and are ineligible to receive funds from the |
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183 | | - | underground petroleum storage tank excess liability trust fund |
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184 | | - | under IC 13-23-7. |
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185 | | - | (e) The authority shall invest the money in the Indiana brownfields |
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186 | | - | fund not currently needed to meet the obligations of the Indiana |
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187 | | - | brownfields fund in accordance with an investment policy adopted by |
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188 | | - | the authority. Interest, premiums, gains, or other earnings from the |
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189 | | - | investments shall be credited to and deposited in the Indiana |
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190 | | - | brownfields fund. |
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191 | | - | (f) As an alternative to subsection (e), the authority may invest or |
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192 | | - | cause to be invested all or a part of the Indiana brownfields fund in a |
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193 | | - | fiduciary account or accounts with a trustee that is a financial |
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194 | | - | institution. Notwithstanding any other law, any investment may be |
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195 | | - | made by the trustee in accordance with one (1) or more trust |
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196 | | - | agreements or indentures. A trust agreement or indenture may allow |
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197 | | - | disbursements by the trustee to the authority, a participant, or any other |
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198 | | - | person as provided in the trust agreement or indenture.". |
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199 | | - | Page 2, delete lines 1 through 36. |
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200 | | - | Page 2, line 39, delete "As used in this section, "brownfield" has |
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201 | | - | the" and insert "The authority may create and maintain an |
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202 | | - | inventory of brownfields located in Indiana. If created under this |
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203 | | - | section, the inventory must include all properties in Indiana that |
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204 | | - | are known to the authority to meet the definition of "brownfield" |
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205 | | - | set forth in IC 13-11-2-19.3. A property included in the inventory |
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206 | | - | may be removed from the inventory when it no longer meets the |
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207 | | - | definition set forth in IC 13-11-2-19.3. |
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208 | | - | (b) The authority may contract with one (1) or more state |
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209 | | - | supported colleges or universities in Indiana for assistance in |
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210 | | - | creating and maintaining the inventory. |
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211 | | - | (c) The authority may pay costs arising from the creation and |
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212 | | - | maintenance of the inventory with funds appropriated to the |
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213 | | - | Indiana brownfields fund established by section 3 of this chapter. |
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214 | | - | (d) If the inventory is created under this section, the authority |
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215 | | - | shall report the contents of the inventory in writing: |
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216 | | - | (1) not later than September 1, 2024, in calendar year 2024; |
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217 | | - | SB 320—LS 7142/DI 150 6 |
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218 | | - | and |
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219 | | - | (2) not later than September 1 in each even-numbered |
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220 | | - | calendar year after 2024; |
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221 | | - | to the interim study committee on environmental affairs |
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222 | | - | established by IC 2-5-1.3-4(9). A report prepared under this |
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223 | | - | subsection may include findings and recommendations of the |
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224 | | - | authority concerning brownfields and shall be transmitted to the |
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225 | | - | executive director of the legislative services agency in an electronic |
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226 | | - | format under IC 5-14-6 for distribution to the members of the |
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227 | | - | interim study committee on environmental affairs. |
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228 | | - | (e) If the inventory is created under this section, the authority, |
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229 | | - | in creating and maintaining the inventory, shall use data |
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230 | | - | concerning brownfields in a manner consistent with IC 5-14-3-4 to |
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231 | | - | protect the confidentiality of confidential information of or about |
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232 | | - | the owner of a brownfield.". |
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233 | | - | Page 2, delete lines 40 through 42. |
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234 | | - | Delete page 3. |
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235 | | - | Renumber all SECTIONS consecutively. |
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236 | | - | and when so amended that said bill do pass. |
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237 | | - | (Reference is to SB 320 as introduced.) |
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238 | | - | NIEMEYER, Chairperson |
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239 | | - | Committee Vote: Yeas 10, Nays 0. |
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240 | | - | SB 320—LS 7142/DI 150 |
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| 30 | + | 1 SECTION 1. IC 5-1.2-12-3, AS AMENDED BY P.L.10-2019, |
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| 31 | + | 2 SECTION 24, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE |
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| 32 | + | 3 JULY 1, 2023]: Sec. 3. (a) The Indiana brownfields fund is established |
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| 33 | + | 4 to provide money for: |
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| 34 | + | 5 (1) grants; |
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| 35 | + | 6 (2) assessments or studies; |
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| 36 | + | 7 (3) loans; and |
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| 37 | + | 8 (4) other financial assistance; |
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| 38 | + | 9 to or for the benefit of political subdivisions under this chapter. The |
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| 39 | + | 10 authority shall administer, hold, and manage the Indiana brownfields |
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| 40 | + | 11 fund. |
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| 41 | + | 12 (b) Money in the fund at the end of a state fiscal year does not revert |
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| 42 | + | 13 to the state general fund. |
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| 43 | + | 14 (c) Expenses of administering the Indiana brownfields fund shall be |
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| 44 | + | 15 paid from money in the Indiana brownfields fund. |
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| 45 | + | 16 (d) The Indiana brownfields fund consists of the following: |
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| 46 | + | 17 (1) Appropriations made by the general assembly. |
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| 47 | + | 2023 IN 320—LS 7142/DI 150 2 |
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| 48 | + | 1 (2) Grants and gifts intended for deposit in the Indiana |
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| 49 | + | 2 brownfields fund. |
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| 50 | + | 3 (3) Repayments of loans and other financial assistance from the |
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| 51 | + | 4 Indiana brownfields fund, including premiums, interest, and |
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| 52 | + | 5 penalties. |
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| 53 | + | 6 (4) Proceeds from the sale of loans and other financial assistance |
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| 54 | + | 7 under section 8 of this chapter. |
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| 55 | + | 8 (5) Interest, premiums, gains, or other earnings on the Indiana |
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| 56 | + | 9 brownfields fund. |
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| 57 | + | 10 (6) Money transferred from the hazardous substances response |
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| 58 | + | 11 trust fund under IC 13-25-4-1(a)(9). |
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| 59 | + | 12 (7) Fees collected under section 6 of this chapter. |
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| 60 | + | 13 (8) Money transferred from the underground petroleum storage |
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| 61 | + | 14 tank excess liability trust fund under IC 13-23-7 for the purpose |
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| 62 | + | 15 of environmental assessment and remediation on a property |
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| 63 | + | 16 containing at least one (1) underground storage tank. |
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| 64 | + | 17 (9) Money transferred from the petroleum trust fund under |
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| 65 | + | 18 IC 13-23-12-4(1) for the purpose of corrective actions that |
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| 66 | + | 19 involve releases of regulated substances from underground |
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| 67 | + | 20 storage tanks and are ineligible to receive funds from the |
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| 68 | + | 21 underground petroleum storage tank excess liability trust fund |
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| 69 | + | 22 under IC 13-23-7. |
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| 70 | + | 23 (e) The authority shall invest the money in the Indiana brownfields |
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| 71 | + | 24 fund not currently needed to meet the obligations of the Indiana |
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| 72 | + | 25 brownfields fund in accordance with an investment policy adopted by |
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| 73 | + | 26 the authority. Interest, premiums, gains, or other earnings from the |
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| 74 | + | 27 investments shall be credited to and deposited in the Indiana |
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| 75 | + | 28 brownfields fund. |
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| 76 | + | 29 (f) As an alternative to subsection (e), the authority may invest or |
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| 77 | + | 30 cause to be invested all or a part of the Indiana brownfields fund in a |
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| 78 | + | 31 fiduciary account or accounts with a trustee that is a financial |
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| 79 | + | 32 institution. Notwithstanding any other law, any investment may be |
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| 80 | + | 33 made by the trustee in accordance with one (1) or more trust |
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| 81 | + | 34 agreements or indentures. A trust agreement or indenture may allow |
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| 82 | + | 35 disbursements by the trustee to the authority, a participant, or any other |
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| 83 | + | 36 person as provided in the trust agreement or indenture. |
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| 84 | + | 37 SECTION 2. IC 5-1.2-12-14 IS ADDED TO THE INDIANA CODE |
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| 85 | + | 38 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY |
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| 86 | + | 39 1, 2023]: Sec. 14. (a) As used in this section, "brownfield" has the |
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| 87 | + | 40 meaning set forth in IC 13-11-2-19.3. |
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| 88 | + | 41 (b) As used in this section, "institute" refers to the Public Policy |
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| 89 | + | 42 Institute at Indiana University. |
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| 90 | + | 2023 IN 320—LS 7142/DI 150 3 |
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| 91 | + | 1 (c) The institute shall: |
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| 92 | + | 2 (1) conduct an assessment of each county's brownfield |
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| 93 | + | 3 liabilities; |
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| 94 | + | 4 (2) identify the primary causes of brownfields under |
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| 95 | + | 5 subdivision (1); and |
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| 96 | + | 6 (3) recommend the best remediation methods for current |
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| 97 | + | 7 brownfields. |
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| 98 | + | 8 (d) The institute may work with the authority or county to |
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| 99 | + | 9 collect county brownfield data. |
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| 100 | + | 10 (e) The expenses of the institute's assessment shall be split |
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| 101 | + | 11 between the Indiana brownfields fund described in section 3 of this |
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| 102 | + | 12 chapter and each county. A county with a population of: |
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| 103 | + | 13 (1) seventy thousand (70,000) or greater shall pay fifty |
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| 104 | + | 14 percent (50%); and |
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| 105 | + | 15 (2) less than seventy thousand (70,000) shall pay twenty-five |
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| 106 | + | 16 percent (25%); |
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| 107 | + | 17 of the assessment cost, with the remaining balance paid from the |
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| 108 | + | 18 Indiana brownfields fund. |
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| 109 | + | 19 (f) The institute shall issue a report to the environmental affairs |
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| 110 | + | 20 interim study committee containing the institute's findings and |
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| 111 | + | 21 recommendations, including any recommended legislation, in an |
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| 112 | + | 22 electronic format under IC 5-14-6 not later than July 1, 2024. |
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| 113 | + | 23 (g) This SECTION expires December 1, 2024. |
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| 114 | + | 24 SECTION 3. IC 5-28-41-17 IS ADDED TO THE INDIANA CODE |
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| 115 | + | 25 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY |
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| 116 | + | 26 1, 2023]: Sec. 17. (a) After June 30, 2023, twenty percent (20%) of |
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| 117 | + | 27 all future READI grants shall be reserved for eligible counties that |
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| 118 | + | 28 have performed an environmental assessment with the Public |
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| 119 | + | 29 Policy Institute at Indiana University. |
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| 120 | + | 30 (b) Grant funds reserved for counties that have completed an |
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| 121 | + | 31 environmental assessment with the Public Policy Institute at |
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| 122 | + | 32 Indiana University must be used to work on brownfield initiatives. |
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| 123 | + | 2023 IN 320—LS 7142/DI 150 |
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