Indiana 2025 Regular Session

Indiana Senate Bill SB0251 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	SENATE BILL No. 251
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 4-3-28; IC 5-11-1-32; IC 5-28.
7	7	Synopsis: Indiana economic development corporation. Provides that
8	8	the governor may convene meetings with individuals from certain state
9	9	agencies to work toward communicating a single, strategic economic
10	10	development plan for the state. Provides that the state board of
11	11	accounts shall act as the economic development ombudsman
12	12	(ombudsman) for the Indiana economic development corporation
13	13	(IEDC) and a nonprofit subsidiary of the IEDC (nonprofit subsidiary).
14	14	Requires the state board of accounts to designate an individual to serve
15	15	as the ombudsman. Sets forth the ombudsman's duties, including the
16	16	recommendation of policies to the general assembly concerning
17	17	economic development and transparency matters. Provides that the
18	18	ombudsman (subject to the state examiner's approval) may employ or
19	19	contract with assistants necessary to assist the ombudsman in carrying
20	20	out the ombudsman's duties. Establishes circumstances under which
21	21	the ombudsman is required to adopt a budget before the ombudsman's
22	22	costs, including the costs of any assistants, in carrying out the
23	23	ombudsman's duties are paid from appropriations made to the IEDC
24	24	and when the ombudsman may bill the IEDC for those costs without
25	25	using the budget procedure added by the bill. Provides for appointment
26	26	to the board of the IEDC of two nonvoting, advisory members who are
27	27	members of the general assembly. Requires the IEDC, before
28	28	purchasing land that exceeds 100 acres in a county, to first give notice
29	29	to the county or municipality, or both, in which the land is located not
30	30	later than 30 days before the closing date for the purchase. Requires the
31	31	IEDC to establish a dashboard that includes longitudinal
32	32	representations of certain economic development data derived from
33	33	(Continued next page)
34	34	Effective: Upon passage; July 1, 2025.
35	35	Deery
36	36	January 13, 2025, read first time and referred to Committee on Commerce and Technology.
37	37	2025 IN 251—LS 6850/DI 129 Digest Continued
38	38	elements required to be included in the economic incentives and
39	39	compliance report. Requires the IEDC to analyze the potential impact
40	40	of a proposed economic development investment on the costs to
41	41	provide the following utility services to ratepayers: (1) Water. (2)
42	42	Wastewater. (3) Electricity. (4) Natural gas. Specifies that in
43	43	performing the analysis, the IEDC must consider each of the following:
44	44	(1) The existing utility infrastructure available to serve the project. (2)
45	45	Any new utility infrastructure needed to serve the project. (3) Water
46	46	resource availability for the project. Provides that if a proposed
47	47	economic development investment is projected to negatively impact
48	48	ratepayers, the IEDC is required to develop and implement a mitigation
49	49	plan. Allows the IEDC to consult with certain state agencies, utilities
50	50	providing utility services to the project area, local units of government,
51	51	and consumer and ratepayer advocates in performing the analysis and
52	52	mitigation requirements added by the bill.
53	53	2025 IN 251—LS 6850/DI 1292025 IN 251—LS 6850/DI 129 Introduced
54	54	First Regular Session of the 124th General Assembly (2025)
55	55	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
56	56	Constitution) is being amended, the text of the existing provision will appear in this style type,
57	57	additions will appear in this style type, and deletions will appear in this style type.
58	58	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
59	59	provision adopted), the text of the new provision will appear in this style type. Also, the
60	60	word NEW will appear in that style type in the introductory clause of each SECTION that adds
61	61	a new provision to the Indiana Code or the Indiana Constitution.
62	62	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
63	63	between statutes enacted by the 2024 Regular Session of the General Assembly.
64	64	SENATE BILL No. 251
65	65	A BILL FOR AN ACT to amend the Indiana Code concerning state
66	66	and local administration.
67	67	Be it enacted by the General Assembly of the State of Indiana:
68	68	1 SECTION 1. IC 4-3-28 IS ADDED TO THE INDIANA CODE AS
69	69	2 A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE UPON
70	70	3 PASSAGE]:
71	71	4 Chapter 28. Strategic Planning
72	72	5 Sec. 1. As used in this chapter, "state agency" means an
73	73	6 authority, board, branch, commission, committee, department,
74	74	7 division, body corporate and politic created by statute, or other
75	75	8 instrumentality of the executive, including the administrative,
76	76	9 department of state government.
77	77	10 Sec. 2. The governor may convene meetings, at the governor's
78	78	11 discretion, with:
79	79	12 (1) the secretary of commerce of the Indiana economic
80	80	13 development corporation;
81	81	14 (2) the commissioner of the Indiana department of
82	82	15 transportation;
83	83	2025 IN 251—LS 6850/DI 129 2
84	84	1 (3) the chair of the Indiana utility regulatory commission;
85	85	2 (4) the chair of the ports of Indiana;
86	86	3 (5) the public finance director of the Indiana finance
87	87	4 authority; and
88	88	5 (6) any other individual from a state agency who the governor
89	89	6 determines is necessary to participate in a meeting;
90	90	7 to work toward communicating a single, strategic economic
91	91	8 development plan for the state that includes the identification of
92	92	9 state assets that enable organic investment and ensure that the
93	93	10 state's physical infrastructure is prepared for the future needs of
94	94	11 commerce.
95	95	12 SECTION 2. IC 5-11-1-32 IS ADDED TO THE INDIANA CODE
96	96	13 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
97	97	14 1, 2025]: Sec. 32. (a) The following definitions apply throughout
98	98	15 this section:
99	99	16 (1) "Corporation" refers to the Indiana economic
100	100	17 development corporation established by IC 5-28-3-1.
101	101	18 (2) "Nonprofit subsidiary" refers to a nonprofit subsidiary
102	102	19 corporation established under IC 5-28-5-13.
103	103	20 (3) "Ombudsman" means the individual designated as the
104	104	21 economic development ombudsman under subsection (b) for
105	105	22 the corporation and a nonprofit subsidiary.
106	106	23 (b) The state board of accounts shall act as the economic
107	107	24 development ombudsman for the corporation and a nonprofit
108	108	25 subsidiary. To carry out the duties set forth in this section, the state
109	109	26 board of accounts shall designate an individual to serve as the
110	110	27 economic development ombudsman. The individual selected under
111	111	28 this subsection serves at the pleasure of the state board of accounts.
112	112	29 (c) The ombudsman shall carry out the following duties:
113	113	30 (1) Assist the state board of accounts with respect to:
114	114	31 (A) an examination of the corporation or a nonprofit
115	115	32 subsidiary; or
116	116	33 (B) a review of the examination of the corporation or a
117	117	34 nonprofit subsidiary conducted by a private examiner as
118	118	35 described in section 9 of this chapter.
119	119	36 (2) Conduct investigations related to fraud, waste, abuse,
120	120	37 mismanagement, and misconduct in the corporation or
121	121	38 nonprofit subsidiary.
122	122	39 (3) Conduct performance audits of programs of the
123	123	40 corporation or nonprofit subsidiary.
124	124	41 (4) Consult with outside management and economic
125	125	42 development experts to aid the ombudsman in carrying out
126	126	2025 IN 251—LS 6850/DI 129 3
127	127	1 the duties under this section.
128	128	2 (5) Recommend policies to the general assembly that would do
129	129	3 any of the following:
130	130	4 (A) Increase public trust of the corporation's management
131	131	5 and spending of taxpayer resources.
132	132	6 (B) Increase the transparency of the corporation's
133	133	7 activities without sacrificing the corporation's economic
134	134	8 development mission as set forth in IC 5-28-1-1.
135	135	9 (C) Promote economic development in all parts of Indiana,
136	136	10 especially rural communities.
137	137	11 (D) Increase the opportunities for coordination and
138	138	12 collaboration with local communities throughout Indiana.
139	139	13 Any policy recommendations under this subdivision must be
140	140	14 made to the general assembly in an electronic format under
141	141	15 IC 5-14-6.
142	142	16 (6) Attend board meetings of the corporation and have access
143	143	17 to all board materials.
144	144	18 (d) This subsection applies if the ombudsman's budget is not
145	145	19 more than ninety-nine thousand dollars ($99,000). The ombudsman
146	146	20 shall bill the corporation for the costs incurred in carrying out the
147	147	21 duties under this section, and the costs, including the costs of any
148	148	22 assistants under subsection (f), shall be paid from appropriations
149	149	23 made to the corporation.
150	150	24 (e) This subsection applies if the ombudsman's budget is more
151	151	25 than ninety-nine thousand dollars ($99,000). The ombudsman must
152	152	26 prepare a budget and provide the proposed budget to the state
153	153	27 examiner and the corporation. The state examiner and the
154	154	28 corporation must provide written comments on the ombudsman's
155	155	29 proposed budget not later than fourteen (14) days after the date the
156	156	30 proposed budget is received. After the corporation and the state
157	157	31 examiner have provided written comments on the ombudsman's
158	158	32 proposed budget, the ombudsman shall provide the proposed
159	159	33 budget to the budget agency for review and approval. The budget
160	160	34 agency may:
161	161	35 (1) approve;
162	162	36 (2) approve with modifications; or
163	163	37 (3) deny;
164	164	38 the ombudsman's proposed budget. If the budget agency denies the
165	165	39 ombudsman's proposed budget, the ombudsman may prepare
166	166	40 another proposed budget and resubmit that budget in accordance
167	167	41 with the procedures set forth in this subsection. The costs incurred
168	168	42 by the ombudsman, including the costs of any assistants under
169	169	2025 IN 251—LS 6850/DI 129 4
170	170	1 subsection (f), in carrying out the duties under this section shall be
171	171	2 paid from appropriations made to the corporation in accordance
172	172	3 with the budget approved under this subsection.
173	173	4 (f) Subject to the approval of the state examiner, the
174	174	5 ombudsman may employ or contract with assistants that are
175	175	6 necessary to assist the ombudsman in carrying out the duties under
176	176	7 this section and that meet the requirements applicable to the:
177	177	8 (1) appointment of a field examiner under section 8 of this
178	178	9 chapter; or
179	179	10 (2) engagement of a private examiner under section 24 of this
180	180	11 chapter.
181	181	12 (g) The corporation and a nonprofit subsidiary shall cooperate
182	182	13 with the ombudsman to carry out the purpose of this section.
183	183	14 (h) In carrying out any of the duties under this section, the
184	184	15 ombudsman has the same rights, powers, duties, and obligations as
185	185	16 the state examiner, deputy examiner, field examiner, or private
186	186	17 examiner when engaged in making any examination or when
187	187	18 engaged in any official duty delegated to that examiner by the state
188	188	19 examiner.
189	189	20 (i) This section does not confer authority on the state board of
190	190	21 accounts or the ombudsman to publicly release information where
191	191	22 public release of that information is prohibited, restricted, or
192	192	23 otherwise limited by any one (1) of the following:
193	193	24 (1) A contractual provision governing:
194	194	25 (A) access to; or
195	195	26 (B) public disclosure or release of;
196	196	27 information.
197	197	28 (2) IC 5-14-1.5 (open door law).
198	198	29 (3) IC 5-14-3 (access to public records).
199	199	30 (4) IC 24-2-3 (Uniform Trade Secrets Act).
200	200	31 (5) Another law that prohibits, restricts, or limits public
201	201	32 access to the information.
202	202	33 SECTION 3. IC 5-28-4-2, AS AMENDED BY P.L.237-2017,
203	203	34 SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
204	204	35 JULY 1, 2025]: Sec. 2. (a) The board is composed of the following
205	205	36 members: none of whom may be members of the general assembly:
206	206	37 (1) The governor.
207	207	38 (2) Eleven (11) individuals appointed by the governor.
208	208	39 (3) The members (if any) appointed by the governor under
209	209	40 subsection (c).
210	210	41 (4) Two (2) nonvoting, advisory members who are members
211	211	42 of the general assembly appointed under subsection (d).
212	212	2025 IN 251—LS 6850/DI 129 5
213	213	1 The individuals appointed under subdivision (2) and the individuals
214	214	2 appointed under subsection (c) must be employed in or retired from the
215	215	3 private or nonprofit sector or academia and may not be members of
216	216	4 the general assembly.
217	217	5 (b) When making appointments under subsection (a)(2), the
218	218	6 governor shall appoint the following:
219	219	7 (1) At least five (5) members belonging to the same political party
220	220	8 as the governor.
221	221	9 (2) At least three (3) members who belong to a major political
222	222	10 party (as defined in IC 3-5-2-30) other than the party of which the
223	223	11 governor is a member.
224	224	12 (c) In addition to the members appointed under subsection (a)(2),
225	225	13 the governor may appoint not more than three (3) additional members
226	226	14 to the board. If the governor appoints more than one (1) additional
227	227	15 member to the board under this subsection, at least one (1) of the
228	228	16 additional members must belong to a major political party (as defined
229	229	17 in IC 3-5-2-30) other than the party of which the governor is a member.
230	230	18 (d) The members described in subsection (a)(4) are appointed as
231	231	19 follows:
232	232	20 (1) The speaker of the house of representatives shall appoint
233	233	21 one (1) individual who is a member of the house of
234	234	22 representatives.
235	235	23 (2) The president pro tempore of the senate shall appoint one
236	236	24 (1) individual who is a member of the senate.
237	237	25 (e) The following apply to the members appointed under
238	238	26 subsection (d):
239	239	27 (1) A member appointed under subsection (d):
240	240	28 (A) serves at the pleasure of the member's appointing
241	241	29 authority; and
242	242	30 (B) may be reappointed to successive terms.
243	243	31 (2) A vacancy in an appointment under subsection (d)(1) shall
244	244	32 be filled by the speaker of the house of representatives.
245	245	33 (3) A vacancy in an appointment under subsection (d)(2) shall
246	246	34 be filled by the president pro tempore of the senate.
247	247	35 (4) An individual appointed to fill a vacancy in an
248	248	36 appointment under subsection (d) serves for the unexpired
249	249	37 term of the individual's predecessor.
250	250	38 SECTION 4. IC 5-28-4-3, AS AMENDED BY P.L.237-2017,
251	251	39 SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
252	252	40 JULY 1, 2025]: Sec. 3. (a) Except as provided in subsection (d), the
253	253	41 term of office of an appointed member of the board is four (4) years.
254	254	42 (b) Each member appointed under section 2(a)(2) or 2(c) of this
255	255	2025 IN 251—LS 6850/DI 129 6
256	256	1 chapter holds office for the term of appointment and continues to serve
257	257	2 after expiration of the appointment until a successor is appointed and
258	258	3 qualified. A member is eligible for reappointment.
259	259	4 (c) Members of the board appointed under section 2(a)(2) or 2(c) of
260	260	5 this chapter serve at the pleasure of the governor.
261	261	6 (d) This subsection applies to a member of the board appointed
262	262	7 under section 2(d) of this chapter. The term of a member is two (2)
263	263	8 years and expires June 30 of the odd-numbered year.
264	264	9 SECTION 5. IC 5-28-4-5, AS ADDED BY P.L.4-2005, SECTION
265	265	10 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1,
266	266	11 2025]: Sec. 5. (a) The members of the board who are not members of
267	267	12 the general assembly:
268	268	13 (1) are entitled to a salary per diem for attending meetings equal
269	269	14 to the per diem provided by law for members of the general
270	270	15 assembly; The members of the board and
271	271	16 (2) are also entitled to receive reimbursement for traveling
272	272	17 expenses as provided under IC 4-13-1-4 and other expenses
273	273	18 actually incurred in connection with the members' duties as
274	274	19 approved by the budget agency.
275	275	20 (b) Each member of the board who is a member of the general
276	276	21 assembly is entitled to receive the same per diem, mileage, and
277	277	22 travel allowances paid to legislative members of interim study
278	278	23 committees established by the legislative council. Per diem,
279	279	24 mileage, and travel allowances paid under this subsection shall be
280	280	25 paid from appropriations made to the legislative council or the
281	281	26 legislative services agency.
282	282	27 SECTION 6. IC 5-28-4-6, AS AMENDED BY P.L.237-2017,
283	283	28 SECTION 17, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
284	284	29 JULY 1, 2025]: Sec. 6. (a) The following constitutes a quorum for the
285	285	30 transaction of business by the board of the corporation:
286	286	31 (1) Seven (7) voting members of the board, if:
287	287	32 (A) no additional members are appointed under section 2(c) of
288	288	33 this chapter; or
289	289	34 (B) one (1) additional member is appointed under section 2(c)
290	290	35 of this chapter.
291	291	36 (2) Eight (8) voting members of the board, if either two (2) or
292	292	37 three (3) additional members are appointed under section 2(c) of
293	293	38 this chapter.
294	294	39 (b) The following number of affirmative votes is necessary for
295	295	40 action to be taken by the board:
296	296	41 (1) The affirmative vote of at least seven (7) members, if:
297	297	42 (A) no additional members are appointed under section 2(c) of
298	298	2025 IN 251—LS 6850/DI 129 7
299	299	1 this chapter; or
300	300	2 (B) one (1) additional member is appointed under section 2(c)
301	301	3 of this chapter.
302	302	4 (2) The affirmative vote of at least eight (8) members, if either
303	303	5 two (2) or three (3) additional members are appointed under
304	304	6 section 2(c) of this chapter.
305	305	7 (c) Members of the board may not vote by proxy.
306	306	8 SECTION 7. IC 5-28-5-2, AS ADDED BY P.L.4-2005, SECTION
307	307	9 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1,
308	308	10 2025]: Sec. 2. (a) Subject to subsection (b), the corporation is granted
309	309	11 all powers necessary or appropriate to carry out the corporation's public
310	310	12 and corporate purposes under this chapter.
311	311	13 (b) Before the corporation may purchase land that in total
312	312	14 exceeds one hundred (100) acres in a county, whether acquired in
313	313	15 one (1) or a series of transactions, the corporation must first give
314	314	16 notice to the county or municipality, or both, in which the land is
315	315	17 located not later than thirty (30) days before the closing date for
316	316	18 the purchase or purchases.
317	317	19 SECTION 8. IC 5-28-6-2, AS AMENDED BY P.L.197-2021,
318	318	20 SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
319	319	21 JULY 1, 2025]: Sec. 2. (a) The corporation shall develop and promote
320	320	22 programs designed to make the best use of Indiana resources to ensure
321	321	23 a balanced economy and continuing economic growth for Indiana, and,
322	322	24 for those purposes, may do the following:
323	323	25 (1) Cooperate with federal, state, and local governments and
324	324	26 agencies in the coordination of programs to make the best use of
325	325	27 Indiana resources, based on a statewide study to determine
326	326	28 specific economic sectors that should be emphasized by the state
327	327	29 and by local economic development organizations within
328	328	30 geographic regions in Indiana, and encourage collaboration with
329	329	31 local economic development organizations within geographic
330	330	32 regions in Indiana and with the various state economic
331	331	33 development organizations within the states contiguous to
332	332	34 Indiana.
333	333	35 (2) Receive and expend funds, grants, gifts, and contributions of
334	334	36 money, property, labor, interest accrued from loans made by the
335	335	37 corporation, and other things of value from public and private
336	336	38 sources, including grants from agencies and instrumentalities of
337	337	39 the state and the federal government. The corporation:
338	338	40 (A) may accept federal grants for providing planning
339	339	41 assistance, making grants, or providing other services or
340	340	42 functions necessary to political subdivisions, planning
341	341	2025 IN 251—LS 6850/DI 129 8
342	342	1 commissions, or other public or private organizations;
343	343	2 (B) shall administer these grants in accordance with the terms
344	344	3 of the grants; and
345	345	4 (C) may contract with political subdivisions, planning
346	346	5 commissions, or other public or private organizations to carry
347	347	6 out the purposes for which the grants were made.
348	348	7 (3) Direct that assistance, information, and advice regarding the
349	349	8 duties and functions of the corporation be given to the corporation
350	350	9 by an officer, agent, or employee of the executive branch of the
351	351	10 state. The head of any other state department or agency may
352	352	11 assign one (1) or more of the department's or agency's employees
353	353	12 to the corporation on a temporary basis or may direct a division
354	354	13 or an agency under the department's or agency's supervision and
355	355	14 control to make a special study or survey requested by the
356	356	15 corporation.
357	357	16 (b) The corporation shall perform the following duties:
358	358	17 (1) Develop and implement industrial development programs to
359	359	18 encourage expansion of existing industrial, commercial, and
360	360	19 business facilities in Indiana and to encourage new industrial,
361	361	20 commercial, and business locations in Indiana.
362	362	21 (2) Assist businesses and industries in acquiring, improving, and
363	363	22 developing overseas markets and encourage international plant
364	364	23 locations in Indiana. The corporation, with the approval of the
365	365	24 governor, may establish foreign offices to assist in this function.
366	366	25 (3) Promote the growth of minority business enterprises by doing
367	367	26 the following:
368	368	27 (A) Mobilizing and coordinating the activities, resources, and
369	369	28 efforts of governmental and private agencies, businesses, trade
370	370	29 associations, institutions, and individuals.
371	371	30 (B) Assisting minority businesses in obtaining governmental
372	372	31 or commercial financing for expansion or establishment of
373	373	32 new businesses or individual development projects.
374	374	33 (C) Aiding minority businesses in procuring contracts from
375	375	34 governmental or private sources, or both.
376	376	35 (D) Providing technical, managerial, and counseling assistance
377	377	36 to minority business enterprises.
378	378	37 (4) Assist the office of the lieutenant governor in:
379	379	38 (A) community economic development planning;
380	380	39 (B) implementation of programs designed to further
381	381	40 community economic development; and
382	382	41 (C) the development and promotion of Indiana's tourist
383	383	42 resources.
384	384	2025 IN 251—LS 6850/DI 129 9
385	385	1 (5) Assist the secretary of agriculture and rural development in
386	386	2 promoting and marketing of Indiana's agricultural products and
387	387	3 provide assistance to the director of the Indiana state department
388	388	4 of agriculture.
389	389	5 (6) With the approval of the governor, implement federal
390	390	6 programs delegated to the state to carry out the purposes of this
391	391	7 article.
392	392	8 (7) Promote the growth of small businesses by doing the
393	393	9 following:
394	394	10 (A) Assisting small businesses in obtaining and preparing the
395	395	11 permits required to conduct business in Indiana.
396	396	12 (B) Serving as a liaison between small businesses and state
397	397	13 agencies.
398	398	14 (C) Providing information concerning business assistance
399	399	15 programs available through government agencies and private
400	400	16 sources.
401	401	17 (8) Establish a transparency portal on its current Internet site on
402	402	18 the world wide web. The page must provide the following:
403	403	19 (A) By program, cumulative information on the total amount
404	404	20 of incentives awarded, the total number of companies that
405	405	21 received the incentives and were assisted in a year, and the
406	406	22 names and addresses of those companies.
407	407	23 (B) A mechanism on the page whereby the public may request
408	408	24 further information online about specific programs or
409	409	25 incentives awarded.
410	410	26 (C) A mechanism for the public to receive an electronic
411	411	27 response.
412	412	28 (D) Access to the following:
413	413	29 (i) Any information or report that is required by statute to be
414	414	30 included in the economic incentives and compliance report
415	415	31 submitted under IC 5-28-28.
416	416	32 (ii) Final offer of public financial resources to which the
417	417	33 corporation is a party.
418	418	34 (iii) Reports that the corporation submitted to the general
419	419	35 assembly.
420	420	36 (9) Establish a dashboard that is easily accessible from either
421	421	37 the corporation's website or the transparency portal (or both)
422	422	38 to convey economic development data in an easily
423	423	39 understandable manner that deploys charts and graphs. The
424	424	40 dashboard must include at least the following information:
425	425	41 (A) Longitudinal representations of economic development
426	426	42 data derived primarily from the elements that are required
427	427	2025 IN 251—LS 6850/DI 129 10
428	428	1 under IC 5-28-28-6 to be included in the economic
429	429	2 incentives and compliance report.
430	430	3 (B) Depictions of:
431	431	4 (i) the amount of tax money spent on economic
432	432	5 development;
433	433	6 (ii) the number of actual jobs created, and the number of
434	434	7 jobs expected to be created;
435	435	8 (iii) a ratio showing tax money spent per job created;
436	436	9 (iv) the distribution by county or region where tax
437	437	10 money was spent and jobs were created; and
438	438	11 (v) how the corporation spends tax money and generates
439	439	12 revenue.
440	440	13 (c) The corporation may do the following:
441	441	14 (1) Disseminate information concerning the industrial,
442	442	15 commercial, governmental, educational, cultural, recreational,
443	443	16 agricultural, and other advantages of Indiana.
444	444	17 (2) Plan, direct, and conduct research activities.
445	445	18 (3) Assist in community economic development planning and the
446	446	19 implementation of programs designed to further community
447	447	20 economic development.
448	448	21 (d) The dashboard required to be established under subsection
449	449	22 (b)(9) may also include the following information:
450	450	23 (1) A ratio projecting the tax money spent relative to tax
451	451	24 revenue generated from the corporation's activities.
452	452	25 (2) Average wages of new jobs attracted to Indiana or
453	453	26 expected to be attracted to Indiana.
454	454	27 SECTION 9. IC 5-28-6-2.5 IS ADDED TO THE INDIANA CODE
455	455	28 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
456	456	29 UPON PASSAGE]: Sec. 2.5. (a) The corporation shall analyze the
457	457	30 potential impact of a proposed economic development investment
458	458	31 on the costs to provide the following utility services to ratepayers:
459	459	32 (1) Water.
460	460	33 (2) Wastewater.
461	461	34 (3) Electricity.
462	462	35 (4) Natural gas.
463	463	36 (b) In performing the analysis under subsection (a), the
464	464	37 corporation must consider each of the following:
465	465	38 (1) The existing utility infrastructure available to serve the
466	466	39 project.
467	467	40 (2) Any new utility infrastructure needed to serve the project.
468	468	41 (3) Water resource availability for the project.
469	469	42 (c) For any proposed economic development investment that is
470	470	2025 IN 251—LS 6850/DI 129 11
471	471	1 projected to negatively impact ratepayers for a utility service listed
472	472	2 in subsection (a), the corporation shall develop and implement a
473	473	3 mitigation plan to offset the costs of providing any or all of the
474	474	4 utility services listed in subsection (a) that are associated with the
475	475	5 project.
476	476	6 (d) In performing the analysis under subsection (a) and
477	477	7 preparing a mitigation plan under subsection (c) (if mitigation is
478	478	8 required), the corporation may consult with the following:
479	479	9 (1) The Indiana utility regulatory commission.
480	480	10 (2) The department of natural resources.
481	481	11 (3) Utilities that provide any of the utility services listed in
482	482	12 subsection (a) to the ratepayers located in the area of the
483	483	13 project.
484	484	14 (4) Counties, cities, towns, and other political subdivisions
485	485	15 located in the area of the project.
486	486	16 (5) Consumer and ratepayer advocates.
487	487	17 SECTION 10. An emergency is declared for this act.
488	488	2025 IN 251—LS 6850/DI 129