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 6009 NOTE PREPARED: Jan 23, 2024 BILL NUMBER: SB 37 BILL AMENDED: Jan 23, 2024 SUBJECT: Oversight of Convention and Visitor Bureau. FIRST AUTHOR: Sen. Niemeyer BILL STATUS: 2 nd Reading - 1 st House FIRST SPONSOR: FUNDS AFFECTED: GENERAL IMPACT: Local DEDICATED FEDERAL Summary of Legislation: (Amended) The bill requires county council review and approval of the Lake County convention and visitor bureau annual budget, if the county council adopts an ordinance to increase the innkeeper's tax rate. Effective Date: (Amended) Upon passage. Explanation of State Expenditures: Explanation of State Revenues: Explanation of Local Expenditures: (Revised) The bill will increase the workload of the county council by potentially requiring additional meetings and/or additional time at scheduled meetings to review and approve the budget prepared by the Lake County convention and visitor bureau if the county fiscal body adopts an ordinance to increase the innkeeper's tax rate. 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 Local Revenues: State Agencies Affected: Local Agencies Affected: Lake County council. SB 37 1 Information Sources: Fiscal Analyst: Qian Li, 317-232-9671. SB 37 2