Introduced Version
HOUSE BILL No. 1331
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 2-5.
Synopsis: Legislative oversight. Establishes the economic
development policy oversight commission. Requires the commission
to review, consider, and make recommendations concerning the
following: (1) The activities of the Indiana economic development
corporation. (2) The activities of local and regional economic
development organizations. (3) The expenditure of money appropriated
for economic development purposes. Establishes the finance policy
oversight commission. Requires the commission to review, consider,
and make recommendations concerning the following: (1) The
activities of the Indiana finance authority. (2) The activities of the
Indiana housing and community development authority. (3) The
expenditure of money appropriated for projects financed through the
Indiana finance authority or the Indiana housing and community
development authority.
Effective: Upon passage.
DeLaney
January 10, 2024, read first time and referred to Committee on Ways and Means.
2024 IN 1331—LS 7048/DI 92 Introduced
Second Regular Session of the 123rd General Assembly (2024)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type. Also, the
word NEW will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
between statutes enacted by the 2023 Regular Session of the General Assembly.
HOUSE BILL No. 1331
A BILL FOR AN ACT to amend the Indiana Code concerning the
general assembly.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 2-5-55.4 IS ADDED TO THE INDIANA CODE
2 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
3 UPON PASSAGE]:
4 Chapter 55.4. Economic Development Policy Oversight
5 Commission
6 Sec. 1. As used in this chapter, "oversight commission" refers
7 to the economic development policy oversight commission
8 established by section 2 of this chapter.
9 Sec. 2. The economic development policy oversight commission
10 is established.
11 Sec. 3. The oversight commission consists of the following
12 members:
13 (1) The chairperson of the house ways and means committee.
14 (2) The ranking minority member of the house ways and
15 means committee.
16 (3) One (1) member of the house ways and means committee
17 who is appointed by the speaker of the house of
2024 IN 1331—LS 7048/DI 92 2
1 representatives.
2 (4) One (1) member of the house ways and means committee
3 appointed by the minority leader of the house of
4 representatives.
5 (5) The chairperson of the senate appropriations committee.
6 (6) The chairperson of the senate tax and fiscal policy
7 committee.
8 (7) The ranking minority member of the senate
9 appropriations committee.
10 (8) The ranking minority member of the senate tax and fiscal
11 policy committee.
12 Sec. 4. The oversight commission shall review, consider, and
13 make recommendations concerning the following:
14 (1) The activities of the Indiana economic development
15 corporation.
16 (2) The activities of local and regional economic development
17 organizations.
18 (3) The expenditure of money appropriated for economic
19 development purposes.
20 Sec. 5. The oversight commission shall operate under IC 2-5-1.2,
21 IC 2-5-1.3, and the policies and rules of the legislative council.
22 SECTION 2. IC 2-5-55.6 IS ADDED TO THE INDIANA CODE
23 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
24 UPON PASSAGE]:
25 Chapter 55.6. Finance Policy Oversight Commission
26 Sec. 1. As used in this chapter, "oversight commission" refers
27 to the finance policy oversight commission established by section
28 2 of this chapter.
29 Sec. 2. The finance policy oversight commission is established.
30 Sec. 3. The oversight commission consists of the following
31 members:
32 (1) The chairperson of the house ways and means committee.
33 (2) The ranking minority member of the house ways and
34 means committee.
35 (3) One (1) member of the house ways and means committee
36 who is appointed by the speaker of the house of
37 representatives.
38 (4) One (1) member of the house ways and means committee
39 who is appointed by the minority leader of the house of
40 representatives.
41 (5) The chairperson of the senate appropriations committee.
42 (6) The chairperson of the senate tax and fiscal policy
2024 IN 1331—LS 7048/DI 92 3
1 committee.
2 (7) The ranking minority member of the senate
3 appropriations committee.
4 (8) The ranking minority member of the senate tax and fiscal
5 policy committee.
6 Sec. 4. The oversight commission shall review, consider, and
7 make recommendations concerning the following:
8 (1) The activities of the Indiana finance authority.
9 (2) The activities of the Indiana housing and community
10 development authority.
11 (3) The expenditure of money appropriated for projects
12 financed through the Indiana finance authority or the Indiana
13 housing and community development authority.
14 Sec. 5. The oversight commission shall operate under IC 2-5-1.2,
15 IC 2-5-1.3, and the policies and rules of the legislative council.
16 SECTION 3. An emergency is declared for this act.
2024 IN 1331—LS 7048/DI 92