LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 7048 NOTE PREPARED: Jan 8, 2024
BILL NUMBER: HB 1331 BILL AMENDED:
SUBJECT: Legislative Oversight.
FIRST AUTHOR: Rep. DeLaney BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: This bill establishes the Economic Development Policy Oversight Commission.
It 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.
This bill also establishes the Finance Policy Oversight Commission. It 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 Date: Upon passage.
Explanation of State Expenditures: This bill establishes an eight member Economic Development Policy
Oversight Commission and an eight member Finance Policy Oversight Commission. Both commissions are
to be comprised exclusively of legislative members of the General Assembly. Additionally, both
commissions are to operate under the policies governing study committees adopted by the Legislative
Council. Legislative Council resolutions in the past have established budgets for interim study committees
in the amount of $13,500 per interim for committees with fewer than 16 members. Legislative members will
be paid the same per diem, mileage, and travel allowances provided to individuals who serve on interim study
committees established by Legislative Council.
HB 1331 1 The Legislative Services Agency will provide staff support to both commissions, which will result in an
increase in the administrative workload for the agency. The bill’s requirements are within the agency’s
routine administrative functions and should be able to be implemented with no additional appropriations,
assuming near customary agency staffing and resource levels.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: General Assembly.
Local Agencies Affected:
Information Sources:
Fiscal Analyst: James Johnson, 317-232-9869.
HB 1331 2