HB 1347

                                                           Introduced Version
          HOUSE BILL No. 1347
                _____
              DIGEST OF INTRODUCED BILL
Citations Affected: IC 4-33; IC 36-7.5.
Synopsis: Lake County Convention Center. Makes changes to the
amount of supplemental wagering tax that the treasurer of state is
required to pay to each riverboat operating in Gary. Makes changes to
the distribution of wagering tax revenue to the city of Gary. Legalizes
and validates bonds, notes, evidences of indebtedness, leases, or other
written obligations issued or executed by or in the name of the: (1)
Indiana finance authority; (2) development authority; and (3) Lake
County Convention Center Authority (authority); as authorized or
approved by resolution or ordinance adopted before February 28, 2026.
Provides that the authority is established when the construction of the
convention and event center is substantially completed so that the
convention and event center can be used for its intended purpose.
(Current law provides for the establishment of the authority upon the
adoption of the proposal for the development, operation, and ownership
of the Lake County convention and event center.) Requires a member
appointed to the authority to be an Indiana resident. Provides that an
attorney in active standing may not be appointed to the authority.
Provides that the Lake County convention and event center reserve
fund shall be administered by the Lake County commissioners until the
authority is established. Repeals a provision that allocates deposits of
Gary riverboat graduated wagering tax revenue.
Effective: Upon passage; February 28, 2026 (retroactive).
                               Slager
   January 6, 2026, read first time and referred to Committee on Ways and Means.
2026  IN 1347—LS 7013/DI 116
                                                                                       Introduced
            Second Regular Session of the 124th General Assembly (2026)
 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.
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 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 2025 Regular Session of the General Assembly.
                   HOUSE BILL No. 1347
    A BILL FOR AN ACT to amend the Indiana Code concerning
 taxation.
     Be it enacted by the General Assembly of the State of Indiana:
1    SECTION 1. IC 4-33-12-8, AS AMENDED BY P.L.144-2024,
2 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3 UPON PASSAGE]: Sec. 8. (a) This section applies to tax revenue
4 collected from a riverboat operating from Lake County.
5    (b) Except as provided by IC 6-3.1-20-7, the treasurer of state shall
6 quarterly pay the following amounts from the taxes collected during the
7 preceding calendar quarter from the riverboat operating from East
8 Chicago:
9      (1) The lesser of:
10(A) eight hundred seventy-five thousand dollars ($875,000);
11or
12(B) thirty-three and one-third percent (33 1/3%) of the
13admissions tax and supplemental wagering tax collected by the
14licensed owner during the preceding calendar quarter;
15      to the fiscal officer of the northwest Indiana regional development
16      authority to partially satisfy East Chicago's funding obligation to
17      the authority under IC 36-7.5-4-2.
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1(2) The lesser of:
2(A) two hundred eighteen thousand seven hundred fifty dollars
3($218,750); or
4(B) thirty-three and one-third percent (33 1/3%) of the
5admissions tax and supplemental wagering tax collected by the
6licensed owner during the preceding calendar quarter;
7to the fiscal officer of the northwest Indiana regional development
8authority to partially satisfy Lake County's funding obligation to
9the authority under IC 36-7.5-4-2.
10(3) Except as provided in section 9(k) of this chapter, the
11remainder, if any, of:
12(A) thirty-three and one-third percent (33 1/3%) of the
13admissions tax and supplemental wagering tax collected by the
14licensed owner during the preceding calendar quarter; minus
15(B) the amount distributed to the northwest Indiana regional
16development authority under subdivision (1) for the calendar
17quarter;
18must be paid to the city of East Chicago.
19(4) Except as provided in section 9(k) of this chapter, the
20remainder, if any, of:
21(A) thirty-three and one-third percent (33 1/3%) of the
22admissions tax and supplemental wagering tax collected by the
23licensed owner during the preceding calendar quarter; minus
24(B) the amount distributed to the northwest Indiana regional
25development authority under subdivision (2) for the calendar
26quarter;
27must be paid to Lake County.
28(5) Except as provided in section 9(k) of this chapter, three
29percent (3%) of the admissions tax and supplemental wagering
30tax collected by the licensed owner during the preceding calendar
31quarter must be paid to the county convention and visitors bureau
32for Lake County.
33(6) Except as provided in section 9(k) of this chapter, three
34hundred thirty-three thousandths percent (.333%) of the
35admissions tax and supplemental wagering tax collected by the
36licensed owner during the preceding calendar quarter must be
37paid to the northern Indiana law enforcement training center.
38(7) Except as provided in section 9(k) of this chapter, five percent
39(5%) of the admissions tax and supplemental wagering tax
40collected by the licensed owner during the preceding calendar
41quarter must be paid to the state fair commission for use in any
42activity that the commission is authorized to carry out under
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1      IC 15-13-3.
2      (8) Except as provided in section 9(k) of this chapter, three and
3      thirty-three hundredths percent (3.33%) of the admissions tax and
4      supplemental wagering tax collected by the licensed owner during
5      the preceding calendar quarter must be paid to the division of
6      mental health and addiction.
7      (9) Twenty-one and six hundred sixty-seven thousandths percent
8      (21.667%) of the admissions tax and supplemental wagering tax
9      collected by the licensed owner during the preceding calendar
10      quarter must be paid to the state general fund.
11    (c) Except as provided by IC 6-3.1-20-7, the treasurer of state shall
12 quarterly pay the following amounts from the taxes collected during the
13 preceding calendar quarter from each riverboat operating in Gary:
14      (1) The lesser of:
15(A) four hundred thirty-seven thousand five hundred dollars
16($437,500); eight hundred seventy-five thousand dollars
17($875,000); or
18(B) thirty-three and one-third percent (33 1/3%) of the
19admissions tax and supplemental wagering tax collected by the
20licensed owner during the preceding calendar quarter;
21      to the fiscal officer of the northwest Indiana regional development
22      authority to partially satisfy Gary's funding obligation to the
23      authority under IC 36-7.5-4-2.
24      (2) The lesser of:
25(A) two hundred eighteen thousand seven hundred fifty dollars
26($218,750); four hundred thirty-seven thousand five
27hundred dollars ($437,500); or
28(B) thirty-three and one-third percent (33 1/3%) of the
29admissions tax and supplemental wagering tax collected by the
30licensed owner during the preceding calendar quarter;
31      to the fiscal officer of the northwest Indiana regional development
32      authority to partially satisfy Lake County's funding obligation to
33      the authority under IC 36-7.5-4-2.
34      (3) Except as provided in section 9(k) of this chapter, the
35      remainder, if any, of:
36(A) thirty-three and one-third percent (33 1/3%) of the
37admissions tax and supplemental wagering tax collected by the
38licensed owner of a riverboat operating in Gary during the
39preceding calendar quarter; minus
40(B) the amount distributed to the northwest Indiana regional
41development authority under subdivision (1) for the calendar
42quarter;
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1      must be paid to the city of Gary.
2      (4) Except as provided in section 9(k) of this chapter, the
3      remainder, if any, of:
4(A) thirty-three and one-third percent (33 1/3%) of the
5admissions tax and supplemental wagering tax collected by the
6licensed owner of a riverboat operating in Gary during the
7preceding calendar quarter; minus
8(B) the amount distributed to the northwest Indiana regional
9development authority under subdivision (2) for the calendar
10quarter;
11      must be paid to Lake County.
12      (5) Except as provided in section 9(k) of this chapter, three
13      percent (3%) of the admissions tax and supplemental wagering
14      tax collected by the licensed owner of a riverboat operating in
15      Gary during the preceding calendar quarter must be paid to the
16      county convention and visitors bureau for Lake County.
17      (6) Except as provided in section 9(k) of this chapter, three
18      hundred thirty-three thousandths percent (.333%) of the
19      admissions tax and supplemental wagering tax collected by the
20      licensed owner of a riverboat operating in Gary during the
21      preceding calendar quarter must be paid to the northern Indiana
22      law enforcement training center.
23      (7) Except as provided in section 9(k) of this chapter, five percent
24      (5%) of the admissions tax and supplemental wagering tax
25      collected by the licensed owner of a riverboat operating in Gary
26      during the preceding calendar quarter must be paid to the state
27      fair commission for use in any activity that the commission is
28      authorized to carry out under IC 15-13-3.
29      (8) Except as provided in section 9(k) of this chapter, three and
30      thirty-three hundredths percent (3.33%) of the admissions tax and
31      supplemental wagering tax collected by the licensed owner of a
32      riverboat operating in Gary during the preceding calendar quarter
33      must be paid to the division of mental health and addiction.
34      (9) Twenty-one and six hundred sixty-seven thousandths percent
35      (21.667%) of the admissions tax and supplemental wagering tax
36      collected by the licensed owner of a riverboat operating in Gary
37      during the preceding calendar quarter must be paid to the state
38      general fund.
39    (d) Except as provided by IC 6-3.1-20-7, the treasurer of state shall
40 quarterly pay the following amounts from the taxes collected during the
41 preceding calendar quarter from the riverboat operating in Hammond:
42      (1) The lesser of:
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1(A) eight hundred seventy-five thousand dollars ($875,000);
2or
3(B) thirty-three and one-third percent (33 1/3%) of the
4admissions tax and supplemental wagering tax collected by the
5licensed owner of a riverboat operating in Hammond during
6the preceding calendar quarter;
7to the fiscal officer of the northwest Indiana regional development
8authority to partially satisfy Hammond's funding obligation to the
9authority under IC 36-7.5-4-2.
10(2) The lesser of:
11(A) two hundred eighteen thousand seven hundred fifty dollars
12($218,750); or
13(B) thirty-three and one-third percent (33 1/3%) of the
14admissions tax and supplemental wagering tax collected by the
15licensed owner during the preceding calendar quarter;
16to the fiscal officer of the northwest Indiana regional development
17authority to partially satisfy Lake County's funding obligation to
18the authority under IC 36-7.5-4-2.
19(3) Except as provided in section 9(k) of this chapter, the
20remainder, if any, of:
21(A) thirty-three and one-third percent (33 1/3%) of the
22admissions tax and supplemental wagering tax collected by the
23licensed owner of the riverboat during the preceding calendar
24quarter; minus
25(B) the amount distributed to the northwest Indiana regional
26development authority under subdivision (1) for the calendar
27quarter;
28must be paid to the city of Hammond.
29(4) Except as provided in section 9(k) of this chapter, the
30remainder, if any, of:
31(A) thirty-three and one-third percent (33 1/3%) of the
32admissions tax and supplemental wagering tax collected by the
33licensed owner of the riverboat during the preceding calendar
34quarter; minus
35(B) the amount distributed to the northwest Indiana regional
36development authority under subdivision (2) for the calendar
37quarter;
38must be paid to Lake County.
39(5) Except as provided in section 9(k) of this chapter, three
40percent (3%) of the admissions tax and supplemental wagering
41tax collected by the licensed owner of the riverboat during the
42preceding calendar quarter must be paid to the county convention
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1      and visitors bureau for Lake County.
2      (6) Except as provided in section 9(k) of this chapter, three
3      hundred thirty-three thousandths percent (.333%) of the
4      admissions tax and supplemental wagering tax collected by the
5      licensed owner of a riverboat during the preceding calendar
6      quarter must be paid to the northern Indiana law enforcement
7      training center.
8      (7) Except as provided in section 9(k) of this chapter, five percent
9      (5%) of the admissions tax and supplemental wagering tax
10      collected by the licensed owner of the riverboat during the
11      preceding calendar quarter must be paid to the state fair
12      commission for use in any activity that the commission is
13      authorized to carry out under IC 15-13-3.
14      (8) Except as provided in section 9(k) of this chapter, three and
15      thirty-three hundredths percent (3.33%) of the admissions tax and
16      supplemental wagering tax collected by the licensed owner for
17      each person admitted to the riverboat during the preceding
18      calendar quarter must be paid to the division of mental health and
19      addiction.
20      (9) Twenty-one and six hundred sixty-seven thousandths percent
21      (21.667%) of the admissions tax and supplemental wagering tax
22      collected by the licensed owner of the riverboat during the
23      preceding calendar quarter must be paid to the state general fund.
24    SECTION 2. IC 4-33-13-2.5 IS REPEALED [EFFECTIVE UPON
25 PASSAGE]. Sec. 2.5. (a) This section applies only to tax revenue:
26      (1) remitted by a licensed owner operating a riverboat sited at a
27      location approved under IC 4-33-6-4.5; and
28      (2) collected under this chapter after June 30, 2025.
29    (b) Notwithstanding section 3 of this chapter, the department shall
30 deposit from the tax revenue remitted under this chapter by a licensed
31 owner operating a riverboat sited at a location approved under
32 IC 4-33-6-4.5 amounts as follows:
33      (1) In each state fiscal year beginning after June 30, 2025, and
34      ending before July 1, 2027, an amount equal to the amount
35      deposited under IC 36-7.5-6-5(a) by the city of Gary in the
36      blighted property demolition fund established by IC 36-7.5-6-4,
37      up to three million dollars ($3,000,000).
38      (2) In each state fiscal year beginning after June 30, 2025, and
39      ending before July 1, 2045, an amount equal to the amount
40      deposited under IC 36-7.5-7-5(c) by an entity in the Lake County
41      economic development and convention fund established by
42      IC 36-7.5-7-5, up to five million dollars ($5,000,000).
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1(3) In each state fiscal year beginning after June 30, 2025, and
2ending before July 1, 2050, an amount equal to the amount
3deposited under IC 36-7.5-8-4 by the city of Gary, or on behalf of
4the city of Gary from any other source, in the Gary Metro Center
5station revitalization fund established by IC 36-7.5-8-3, up to
6three million dollars ($3,000,000).
7 Any amount of tax revenue remitted under this chapter by a licensed
8 owner operating a riverboat sited at a location approved under
9 IC 4-33-6-4.5 in a state fiscal year that exceeds the amount required for
10 the deposits in this subsection for the state fiscal year must be
11 deposited in the state gaming fund under section 3 of this chapter.
12    (c) Budget committee review is required before any money may be:
13(1) matched under subsection (b); and
14(2) released to any of the following funds:
15(A) The blighted property demolition fund established by
16IC 36-7.5-6-4.
17(B) The Lake County economic development and convention
18fund established by IC 36-7.5-7-5.
19(C) The Gary Metro Center station revitalization fund
20established by IC 36-7.5-8-3.
21    (d) The northwest Indiana regional development authority
22 established by IC 36-7.5-2-1 shall provide any information to the
23 department that the department determines is necessary for the
24 department to carry out this section.
25    (e) This section expires July 1, 2050.
26    SECTION 3. IC 4-33-13-3, AS AMENDED BY P.L.195-2023,
27 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
28 UPON PASSAGE]: Sec. 3. Except as provided in section 2.5 of this
29 chapter, The department shall deposit tax revenue collected under this
30 chapter in the state gaming fund.
31    SECTION 4. IC 4-33-13-5, AS AMENDED BY P.L.9-2024,
32 SECTION 109, IS AMENDED TO READ AS FOLLOWS
33 [EFFECTIVE UPON PASSAGE]: Sec. 5. (a) This subsection does not
34 apply to tax revenue remitted by an operating agent operating a
35 riverboat in a historic hotel district. Excluding funds that are
36 appropriated in the biennial budget act from the state gaming fund to
37 the commission for purposes of administering this article, each month
38 the state comptroller shall distribute the tax revenue deposited in the
39 state gaming fund under this chapter to the following:
40(1) An amount equal to the following shall be set aside for
41revenue sharing under subsection (d):
42(A) Before July 1, 2021, the first thirty-three million dollars
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1($33,000,000) of tax revenues collected under this chapter
2shall be set aside for revenue sharing under subsection (d).
3(B) After June 30, 2021, if the total adjusted gross receipts
4received by licensees from gambling games authorized under
5this article during the preceding state fiscal year is equal to or
6greater than the total adjusted gross receipts received by
7licensees from gambling games authorized under this article
8during the state fiscal year ending June 30, 2020, the first
9thirty-three million dollars ($33,000,000) of tax revenues
10collected under this chapter shall be set aside for revenue
11sharing under subsection (d).
12(C) After June 30, 2021, if the total adjusted gross receipts
13received by licensees from gambling games authorized under
14this article during the preceding state fiscal year is less than
15the total adjusted gross receipts received by licensees from
16gambling games authorized under this article during the state
17year ending June 30, 2020, an amount equal to the first
18thirty-three million dollars ($33,000,000) of tax revenues
19collected under this chapter multiplied by the result of:
20(i) the total adjusted gross receipts received by licensees
21from gambling games authorized under this article during
22the preceding state fiscal year; divided by
23(ii) the total adjusted gross receipts received by licensees
24from gambling games authorized under this article during
25the state fiscal year ending June 30, 2020;
26shall be set aside for revenue sharing under subsection (d).
27(2) Subject to subsection (c), twenty-five percent (25%) of the
28remaining tax revenue remitted by each licensed owner shall be
29paid:
30(A) except as provided in clauses (C) and (D), to the city,
31excluding the city of Gary, in which the riverboat is located
32or that is designated as the home dock of the riverboat from
33which the tax revenue was collected, in the case of:
34(i) a city described in IC 4-33-12-6(b)(1)(A);
35(ii) a city located in Lake County, excluding the city of
36Gary; or
37(iii) Terre Haute; or
38(B) to the county that is designated as the home dock of the
39riverboat from which the tax revenue was collected, in the case
40of a riverboat that is not located in a city described in clause
41(A) or whose home dock is not in a city described in clause
42(A);
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1(C) with respect to twenty-five percent (25%) of the
2remaining tax revenue remitted by each licensed owner
3located in the city of Gary, each July through and
4including April of the following year of each state fiscal
5year, beginning in July 2026, an amount equal to the lesser
6of:
7(i) five hundred thousand dollars ($500,000); or
8(ii) twenty-five percent (25%) of the remaining tax
9revenue remitted by each licensed owner located in the
10city of Gary;
11to be deposited in the Lake County economic development
12and convention fund established by IC 36-7.5-7-5 to satisfy
13Gary's funding obligation to the northwest Indiana
14regional development authority under IC 36-7.5-7-5. For
15purposes of this subdivision, the state comptroller shall
16treat any amount distributed under this subdivision to the
17northwest Indiana regional development authority as an
18amount constructively received by the city of Gary; or
19(D) after the distribution described in clause (C), any
20remainder of:
21(i) the twenty-five percent (25%) of the remaining tax
22revenue remitted by each licensed owner located in the
23city of Gary; minus
24(ii) the amount distributed to the northwest Indiana
25regional development authority under clause (C);
26to the city of Gary.
27(3) This subdivision expires July 1, 2050. The following apply
28before July 1, 2050:
29(A) After making the distributions described in
30subdivisions (1) and (2), the remaining tax revenue
31remitted by each licensed owner shall be distributed as
32follows and in the following order of priority:
33(i) In each state fiscal year beginning after June 30, 2025,
34and ending before July 1, 2045, an amount equal to the
35amount deposited under IC 36-7.5-7-5(c) by the
36approved entity in the Lake County economic
37development and convention fund established by
38IC 36-7.5-7-5, up to five million dollars ($5,000,000).
39However, if the required budget committee review under
40clause (B) with respect to the initial match and release to
41the Lake County economic development and convention
42fund does not occur until the state fiscal year beginning
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1after June 30, 2026, and ending before July 1, 2027, the
2amount deposited under this item shall continue through
3each state fiscal year ending before July 1, 2046.
4(ii) In each state fiscal year beginning after June 30,
52025, and ending before July 1, 2027, an amount equal to
6the amount deposited under IC 36-7.5-6-5(a) by the city
7of Gary in the blighted property demolition fund
8established by IC 36-7.5-6-4, up to three million dollars
9($3,000,000).
10(iii) In each state fiscal year beginning after June 30,
112025, and ending before July 1, 2050, an amount equal to
12the amount deposited under IC 36-7.5-8-4 by the city of
13Gary, or on behalf of the city of Gary from any other
14source, in the Gary Metro Center station revitalization
15fund established by IC 36-7.5-8-3, up to three million
16dollars ($3,000,000).
17(B) Budget committee review is required before any money
18may initially be matched under clause (A) and released to
19any of the following funds:
20(i) The Lake County economic development and
21convention fund established by IC 36-7.5-7-5.
22(ii) The blighted property demolition fund established by
23IC 36-7.5-6-4.
24(iii) The Gary Metro Center station revitalization fund
25established by IC 36-7.5-8-3.
26(C) In each state fiscal year after budget committee review
27of the initial match and release to the funds under clause
28(B), money shall be matched under clause (A) and released
29to any of the following funds subject to the following
30conditions:
31(i) The Lake County economic development and
32convention fund established by IC 36-7.5-7-5, until the
33state budget director shall have received a certificate
34from the public finance director appointed under
35IC 5-1.2-3-6 that all indebtedness of the Indiana finance
36authority and the northwest Indiana regional
37development authority which is secured by the fund has
38been repaid.
39(ii) The blighted property demolition fund established by
40IC 36-7.5-6-4, upon the state budget director's receipt of
41a certificate from the fiscal officer of the northwest
42Indiana regional development authority of the amount
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1deposited under IC 36-7.5-6-5(a) by the city of Gary in
2the blighted property demolition fund established by
3IC 36-7.5-6-4 during the state fiscal year.
4(iii) The Gary Metro Center station revitalization fund
5established by IC 36-7.5-8-3, upon the state budget
6director's receipt of a certificate from the fiscal officer of
7the northwest Indiana regional development authority of
8the amount deposited under IC 36-7.5-8-4 by the city of
9Gary, or on behalf of the city of Gary from any other
10source, in the Gary Metro Center station revitalization
11fund established by IC 36-7.5-8-3 during the state fiscal
12year.
13(D) The northwest Indiana regional development authority
14established by IC 36-7.5-2-1 shall provide any information
15to the department that the department determines is
16necessary for the department to carry out this subsection.
17(3) (4) The remainder of the tax revenue remitted by each
18licensed owner shall be paid to the state general fund. In each
19state fiscal year, the state comptroller shall make the transfer
20required by this subdivision on or before the fifteenth day of the
21month based on revenue received during the preceding month for
22deposit in the state gaming fund. Specifically, the state
23comptroller may transfer the tax revenue received by the state in
24a month to the state general fund in the immediately following
25month according to this subdivision.
26    (b) This subsection applies only to tax revenue remitted by an
27 operating agent operating a riverboat in a historic hotel district after
28 June 30, 2019. Excluding funds that are appropriated in the biennial
29 budget act from the state gaming fund to the commission for purposes
30 of administering this article, each month the state comptroller shall
31 distribute the tax revenue remitted by the operating agent under this
32 chapter as follows:
33(1) For state fiscal years beginning after June 30, 2019, but
34ending before July 1, 2021, fifty-six and five-tenths percent
35(56.5%) shall be paid to the state general fund.
36(2) For state fiscal years beginning after June 30, 2021, fifty-six
37and five-tenths percent (56.5%) shall be paid as follows:
38(A) Sixty-six and four-tenths percent (66.4%) shall be paid to
39the state general fund.
40(B) Thirty-three and six-tenths percent (33.6%) shall be paid
41to the West Baden Springs historic hotel preservation and
42maintenance fund established by IC 36-7-11.5-11(b).
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1However, if:
2(i) at any time the balance in that fund exceeds twenty-five
3million dollars ($25,000,000); or
4(ii) in any part of a state fiscal year in which the operating
5agent has received at least one hundred million dollars
6($100,000,000) of adjusted gross receipts;
7the amount described in this clause shall be paid to the state
8general fund for the remainder of the state fiscal year.
9(3) Forty-three and five-tenths percent (43.5%) shall be paid as
10follows:
11(A) Twenty-two and four-tenths percent (22.4%) shall be paid
12as follows:
13(i) Fifty percent (50%) to the fiscal officer of the town of
14French Lick.
15(ii) Fifty percent (50%) to the fiscal officer of the town of
16West Baden Springs.
17(B) Fourteen and eight-tenths percent (14.8%) shall be paid to
18the county treasurer of Orange County for distribution among
19the school corporations in the county. The governing bodies
20for the school corporations in the county shall provide a
21formula for the distribution of the money received under this
22clause among the school corporations by joint resolution
23adopted by the governing body of each of the school
24corporations in the county. Money received by a school
25corporation under this clause must be used to improve the
26educational attainment of students enrolled in the school
27corporation receiving the money. Not later than the first
28regular meeting in the school year of a governing body of a
29school corporation receiving a distribution under this clause,
30the superintendent of the school corporation shall submit to
31the governing body a report describing the purposes for which
32the receipts under this clause were used and the improvements
33in educational attainment realized through the use of the
34money. The report is a public record.
35(C) Thirteen and one-tenth percent (13.1%) shall be paid to the
36county treasurer of Orange County.
37(D) Five and three-tenths percent (5.3%) shall be distributed
38quarterly to the county treasurer of Dubois County for
39appropriation by the county fiscal body after receiving a
40recommendation from the county executive. The county fiscal
41body for the receiving county shall provide for the distribution
42of the money received under this clause to one (1) or more
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                                  13
1taxing units (as defined in IC 6-1.1-1-21) in the county under
2a formula established by the county fiscal body after receiving
3a recommendation from the county executive.
4(E) Five and three-tenths percent (5.3%) shall be distributed
5quarterly to the county treasurer of Crawford County for
6appropriation by the county fiscal body after receiving a
7recommendation from the county executive. The county fiscal
8body for the receiving county shall provide for the distribution
9of the money received under this clause to one (1) or more
10taxing units (as defined in IC 6-1.1-1-21) in the county under
11a formula established by the county fiscal body after receiving
12a recommendation from the county executive.
13(F) Six and thirty-five hundredths percent (6.35%) shall be
14paid to the fiscal officer of the town of Paoli.
15(G) Six and thirty-five hundredths percent (6.35%) shall be
16paid to the fiscal officer of the town of Orleans.
17(H) Twenty-six and four-tenths percent (26.4%) shall be paid
18to the Indiana economic development corporation established
19by IC 5-28-3-1 for transfer as follows:
20(i) Beginning after December 31, 2017, ten percent (10%)
21of the amount transferred under this clause in each calendar
22year shall be transferred to the South Central Indiana
23Regional Economic Development Corporation or a
24successor entity or partnership for economic development
25for the purpose of recruiting new business to Orange County
26as well as promoting the retention and expansion of existing
27businesses in Orange County.
28(ii) The remainder of the amount transferred under this
29clause in each calendar year shall be transferred to Radius
30Indiana or a successor regional entity or partnership for the
31development and implementation of a regional economic
32development strategy to assist the residents of Orange
33County and the counties contiguous to Orange County in
34improving their quality of life and to help promote
35successful and sustainable communities.
36To the extent possible, the Indiana economic development
37corporation shall provide for the transfer under item (i) to be
38made in four (4) equal installments. However, an amount
39sufficient to meet current obligations to retire or refinance
40indebtedness or leases for which tax revenues under this
41section were pledged before January 1, 2015, by the Orange
42County development commission shall be paid to the Orange
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                                    14
1County development commission before making distributions
2to the South Central Indiana Regional Economic Development
3Corporation and Radius Indiana or their successor entities or
4partnerships. The amount paid to the Orange County
5development commission shall proportionally reduce the
6amount payable to the South Central Indiana Regional
7Economic Development Corporation and Radius Indiana or
8their successor entities or partnerships.
9     (c) This subsection does not apply to tax revenue remitted by an
10 inland casino operating in Vigo County. For each city and county
11 receiving money under subsection (a)(2), the state comptroller shall
12 determine the total amount of money paid by the state comptroller to
13 the city or county during the state fiscal year 2002. The amount
14 determined is the base year revenue for the city or county. The state
15 comptroller shall certify the base year revenue determined under this
16 subsection to the city or county. The total amount of money distributed
17 to a city or county under this section during a state fiscal year may not
18 exceed the entity's base year revenue. For each state fiscal year, the
19 state comptroller shall pay that part of the riverboat wagering taxes
20 that:
21(1) exceeds a particular city's or county's base year revenue; and
22(2) would otherwise be due to the city or county under this
23section;
24 to the state general fund instead of to the city or county.
25     (d) Except as provided in subsections (k) and (l), before August 15
26 of each year, the state comptroller shall distribute the wagering taxes
27 set aside for revenue sharing under subsection (a)(1) to the county
28 treasurer of each county that does not have a riverboat according to the
29 ratio that the county's population bears to the total population of the
30 counties that do not have a riverboat. Except as provided in subsection
31 (g), the county auditor shall distribute the money received by the
32 county under this subsection as follows:
33(1) To each city located in the county according to the ratio the
34city's population bears to the total population of the county.
35(2) To each town located in the county according to the ratio the
36town's population bears to the total population of the county.
37(3) After the distributions required in subdivisions (1) and (2) are
38made, the remainder shall be retained by the county.
39     (e) Money received by a city, town, or county under subsection (d)
40 or (g) may be used for any of the following purposes:
41(1) To reduce the property tax levy of the city, town, or county for
42a particular year (a property tax reduction under this subdivision
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                                     15
1does not reduce the maximum levy of the city, town, or county
2under IC 6-1.1-18.5).
3(2) For deposit in a special fund or allocation fund created under
4IC 8-22-3.5, IC 36-7-14, IC 36-7-14.5, IC 36-7-15.1, and
5IC 36-7-30 to provide funding for debt repayment.
6(3) To fund sewer and water projects, including storm water
7management projects.
8(4) For police and fire pensions.
9(5) To carry out any governmental purpose for which the money
10is appropriated by the fiscal body of the city, town, or county.
11Money used under this subdivision does not reduce the property
12tax levy of the city, town, or county for a particular year or reduce
13the maximum levy of the city, town, or county under
14IC 6-1.1-18.5.
15     (f) This subsection does not apply to an inland casino operating in
16 Vigo County. Before July 15 of each year, the state comptroller shall
17 determine the total amount of money distributed to an entity under
18 IC 4-33-12-6 or IC 4-33-12-8 during the preceding state fiscal year. If
19 the state comptroller determines that the total amount of money
20 distributed to an entity under IC 4-33-12-6 or IC 4-33-12-8 during the
21 preceding state fiscal year was less than the entity's base year revenue
22 (as determined under IC 4-33-12-9), the state comptroller shall make
23 a supplemental distribution to the entity from taxes collected under this
24 chapter and deposited into the state general fund. Except as provided
25 in subsection (h), the amount of an entity's supplemental distribution
26 is equal to:
27(1) the entity's base year revenue (as determined under
28IC 4-33-12-9); minus
29(2) the sum of:
30(A) the total amount of money distributed to the entity and
31constructively received by the entity during the preceding state
32fiscal year under IC 4-33-12-6 or IC 4-33-12-8; plus
33(B) the amount of any admissions taxes deducted under
34IC 6-3.1-20-7.
35     (g) This subsection applies only to Marion County. The county
36 auditor shall distribute the money received by the county under
37 subsection (d) as follows:
38(1) To each city, other than the consolidated city, located in the
39county according to the ratio that the city's population bears to the
40total population of the county.
41(2) To each town located in the county according to the ratio that
42the town's population bears to the total population of the county.
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1(3) After the distributions required in subdivisions (1) and (2) are
2made, the remainder shall be paid in equal amounts to the
3consolidated city and the county.
4     (h) This subsection does not apply to an inland casino operating in
5 Vigo County. This subsection applies to a supplemental distribution
6 made after June 30, 2017. The maximum amount of money that may be
7 distributed under subsection (f) in a state fiscal year is equal to the
8 following:
9(1) Before July 1, 2021, forty-eight million dollars ($48,000,000).
10(2) After June 30, 2021, if the total adjusted gross receipts
11received by licensees from gambling games authorized under this
12article during the preceding state fiscal year is equal to or greater
13than the total adjusted gross receipts received by licensees from
14gambling games authorized under this article during the state
15fiscal year ending June 30, 2020, the maximum amount is
16forty-eight million dollars ($48,000,000).
17(3) After June 30, 2021, if the total adjusted gross receipts
18received by licensees from gambling games authorized under this
19article during the preceding state fiscal year is less than the total
20adjusted gross receipts received by licensees from gambling
21games authorized under this article during the state fiscal year
22ending June 30, 2020, the maximum amount is equal to the result
23of:
24(A) forty-eight million dollars ($48,000,000); multiplied by
25(B) the result of:
26(i) the total adjusted gross receipts received by licensees
27from gambling games authorized under this article during
28the preceding state fiscal year; divided by
29(ii) the total adjusted gross receipts received by licensees
30from gambling games authorized under this article during
31the state fiscal year ending June 30, 2020.
32 If the total amount determined under subsection (f) exceeds the
33 maximum amount determined under this subsection, the amount
34 distributed to an entity under subsection (f) must be reduced according
35 to the ratio that the amount distributed to the entity under IC 4-33-12-6
36 or IC 4-33-12-8 bears to the total amount distributed under
37 IC 4-33-12-6 and IC 4-33-12-8 to all entities receiving a supplemental
38 distribution.
39     (i) This subsection applies to a supplemental distribution, if any,
40 payable to Lake County, Hammond, Gary, or East Chicago under
41 subsections (f) and (h). Beginning in July 2016, the state comptroller
42 shall, after making any deductions from the supplemental distribution
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                                    17
1 required by IC 6-3.1-20-7, deduct from the remainder of the
2 supplemental distribution otherwise payable to the unit under this
3 section the lesser of:
4(1) the remaining amount of the supplemental distribution; or
5(2) the difference, if any, between:
6(A) three million five hundred thousand dollars ($3,500,000);
7minus
8(B) the amount of admissions taxes constructively received by
9the unit in the previous state fiscal year.
10 The state comptroller shall distribute the amounts deducted under this
11 subsection to the northwest Indiana redevelopment regional
12 development authority established under IC 36-7.5-2-1 for deposit in
13 the development authority revenue fund established under
14 IC 36-7.5-4-1.
15    (j) Money distributed to a political subdivision under subsection (b):
16(1) must be paid to the fiscal officer of the political subdivision
17and may be deposited in the political subdivision's general fund
18(in the case of a school corporation, the school corporation may
19deposit the money into either the education fund (IC 20-40-2) or
20the operations fund (IC 20-40-18)) or riverboat fund established
21under IC 36-1-8-9, or both;
22(2) may not be used to reduce the maximum levy under
23IC 6-1.1-18.5 of a county, city, or town or the maximum tax rate
24of a school corporation, but, except as provided in subsection
25(b)(3)(B), may be used at the discretion of the political
26subdivision to reduce the property tax levy of the county, city, or
27town for a particular year;
28(3) except as provided in subsection (b)(3)(B), may be used for
29any legal or corporate purpose of the political subdivision,
30including the pledge of money to bonds, leases, or other
31obligations under IC 5-1-14-4; and
32(4) is considered miscellaneous revenue.
33 Money distributed under subsection (b)(3)(B) must be used for the
34 purposes specified in subsection (b)(3)(B).
35    (k) After June 30, 2020, the amount of wagering taxes that would
36 otherwise be distributed to South Bend under subsection (d) shall be
37 deposited as being received from all riverboats whose supplemental
38 wagering tax, as calculated under IC 4-33-12-1.5(b), is over three and
39 five-tenths percent (3.5%). The amount deposited under this
40 subsection, in each riverboat's account, is proportionate to the
41 supplemental wagering tax received from that riverboat under
42 IC 4-33-12-1.5 in the month of July. The amount deposited under this
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1 subsection must be distributed in the same manner as the supplemental
2 wagering tax collected under IC 4-33-12-1.5. This subsection expires
3 June 30, 2021.
4     (l) After June 30, 2021, the amount of wagering taxes that would
5 otherwise be distributed to South Bend under subsection (d) shall be
6 withheld and deposited in the state general fund.
7     SECTION 5. IC 4-33-13-5.4, AS ADDED BY P.L.169-2025,
8 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9 UPON PASSAGE]: Sec. 5.4. (a) This section applies to each state
10 fiscal year beginning after June 30, 2026.
11     (b) As used in this section, "qualified city" refers to East Chicago,
12 Hammond, or Michigan City.
13     (c) As used in this section, "supplemental payment statute" refers to
14 IC 4-33-13-5.3, as in effect on January 1, 2025.
15     (d) Subject to subsections (i) and (j), a qualified city is entitled to
16 supplemental payments under this section for amounts not paid in state
17 fiscal years 2022, 2023, 2024, and 2025 under the supplemental
18 payment statute. The state comptroller shall determine the total amount
19 of supplemental payments to which each qualified city is entitled as
20 follows:
21(1) In the case of East Chicago, an amount equal to the sum of the
22following:
23(A) Six million four hundred seventy-four thousand two
24hundred seventy-four dollars ($6,474,274).
25(B) The amount, if any, for state fiscal year 2025 for which
26East Chicago is eligible under the supplemental payment
27statute.
28(2) In the case of Michigan City, an amount equal to the sum of
29the following:
30(A) Five million seven hundred fifty-two thousand one
31hundred twenty-five dollars ($5,752,125).
32(B) The amount, if any, for state fiscal year 2025 for which
33Michigan City is eligible under the supplemental payment
34statute.
35(3) In the case of Hammond, an amount equal to the amount, if
36any, for state fiscal year 2025 for which Hammond is eligible
37under the supplemental payment statute.
38     (e) Subject to subsections (j) and (l), each month, after deducting
39 the amount required under section 5(a)(2)(C) of this chapter, the
40 state comptroller shall deduct an amount otherwise payable to Gary
41 under section 5(a)(2) 5(a)(2)(D) of this chapter, if any, for the purpose
42 of this chapter, not to exceed a total of two million dollars ($2,000,000)
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1 for the state fiscal year.
2     (f) Subject to subsections (i), (j), and (l), the state comptroller shall
3 annually distribute supplemental payments to each qualified city, on a
4 monthly basis, based on:
5(1) the amount deducted under subsection (e) in the preceding
6month; and
7(2) one-twelfth (1/12) of the amount appropriated from the state
8general fund under subsection (k).
9     (g) Money for the supplemental payments is sourced from:
10(1) the total amount deducted under subsection (e) in the state
11fiscal year; plus
12(2) money appropriated by the general assembly for the state
13fiscal year for the purpose of making supplemental payments
14under this section.
15     (h) The state comptroller shall make a supplemental payment in
16 each state fiscal year to each qualified city in an amount determined
17 under the last STEP of the following formula:
18STEP ONE: Divide the:
19(A) total amount determined under subsection (d) for the
20qualified city; by
21(B) aggregate amount of supplemental payments for all
22qualified cities determined under subsection (d).
23STEP TWO: Multiply the:
24(A) STEP ONE result; by
25(B) amount of money to be used for supplemental payments in
26the state fiscal year under subsections (f) and (g).
27     (i) A qualified city may not receive a supplemental payment in
28 excess of the amount determined under subsection (d) for the qualified
29 city.
30     (j) The total amount of supplemental payments made to qualified
31 cities in all state fiscal years may not exceed the aggregate amount of
32 supplemental payments determined under subsection (d).
33     (k) There is appropriated from the state general fund to the gaming
34 fund two million dollars ($2,000,000) in each state fiscal year
35 beginning after June 30, 2026, which may only be used to make
36 supplemental payments. Any amount not needed to make a
37 supplemental payment in a state fiscal year reverts to the state general
38 fund at the close of the state fiscal year and may not be used for any
39 other purpose.
40     (l) After the total amount of all supplemental payments to qualified
41 cities determined in subsection (d) have been made under this chapter,
42 the state comptroller shall continue, each month, after deducting the
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1 amount required under section 5(a)(2)(C) of this chapter, to deduct
2 an amount otherwise payable to Gary under section 5(a)(2) 5(a)(2)(D)
3 of this chapter as set forth in subsection (e) not to exceed a total of two
4 million dollars ($2,000,000) for the state fiscal year for the purpose of
5 repaying to the state the total amounts appropriated from the state
6 general fund under subsection (k) and paid to qualified cites as
7 supplemental payments under this chapter. The state comptroller shall
8 cease the deductions under this subsection on the date that the total
9 amounts appropriated from the state general fund under subsection (k)
10 and paid to qualified cites have been repaid.
11     (m) This section expires July 1, 2039.
12     SECTION 6. IC 36-7.5-2-10.5 IS ADDED TO THE INDIANA
13 CODE AS A NEW SECTION TO READ AS FOLLOWS
14 [EFFECTIVE FEBRUARY 28, 2026 (RETROACTIVE)]: Sec. 10.5.
15 (a) All bonds, notes, evidences of indebtedness, leases, or other
16 written obligations issued or executed under this article by or in
17 the name of the:
18(1) Indiana finance authority;
19(2) development authority; and
20(3) city of Gary, the Lake County board of commissioners, or
21the Lake County convention center authority established by
22IC 36-7.5-7-9;
23 as authorized or approved by resolution or ordinance adopted by
24 the entity before February 28, 2026, are hereby legalized and
25 declared valid.
26     (b) Any pledge, dedication or designation of revenues,
27 conveyance, or mortgage securing the bonds, notes, evidences of
28 indebtedness, leases, or other written obligations issued or executed
29 under this article by or in the name of the:
30(1) Indiana finance authority;
31(2) development authority; and
32(3) city of Gary, the Lake County board of commissioners, or
33the Lake County convention center authority established by
34IC 36-7.5-7-9;
35 as authorized or approved by resolution or ordinance adopted by
36 the entity before February 28, 2026, are hereby legalized and
37 declared valid.
38     (c) Any resolutions adopted, proceedings had, and actions taken
39 under this article by the:
40(1) Indiana finance authority;
41(2) development authority; and
42(3) city of Gary, the Lake County board of commissioners, or
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1the Lake County convention center authority established by
2IC 36-7.5-7-9;
3 before February 28, 2026, under which the bonds, notes, evidences
4 of indebtedness, leases, or other written obligations were or will be
5 issued or under which the pledge, dedication or designation of
6 revenues, conveyance, or mortgage was or will be granted are
7 hereby legalized and declared valid.
8     (d) An action to contest the validity of any action taken under
9 this article may not be brought after the fifteenth day following the
10 date the resolution of the:
11(1) Indiana finance authority;
12(2) development authority; or
13(3) city of Gary, the Lake County board of commissioners, or
14the Lake County convention center authority established by
15IC 36-7.5-7-9;
16 is adopted approving the action taken.
17     (e) If an action challenging an action taken under this article is
18 not brought within the time prescribed by this section, the lease,
19 contract, bonds, notes, obligations, or other action taken shall be
20 conclusively presumed to be fully authorized and valid under the
21 laws of the state and any person is estopped from further
22 questioning the authorization, validity, execution, delivery, or
23 issuance of the lease, contract, bonds, notes, obligations, or other
24 action.
25     SECTION 7. IC 36-7.5-6-4, AS ADDED BY P.L.195-2023,
26 SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
27 UPON PASSAGE]: Sec. 4. (a) The blighted property demolition fund
28 is established to provide grants to the city of Gary to demolish qualified
29 properties.
30     (b) The fund consists of:
31(1) appropriations from the general assembly;
32(2) available federal funds;
33(3) transfers of money under IC 4-33-13-2.5(b)(1);
34IC 4-33-13-5(a)(3)(C);
35(4) deposits required under section 5(a) and 5(b) of this chapter;
36and
37(5) gifts, grants, donations, or other contributions from any other
38public or private source.
39     (c) The development authority shall administer the fund.
40     (d) The treasurer of state shall invest the money in the fund not
41 currently needed to meet the obligations of the fund in the same
42 manner as other public funds may be invested.
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1     (e) The money remaining in the fund at the end of a state fiscal year
2 does not revert to the state general fund.
3     (f) Money in the fund is continuously appropriated for the purposes
4 of this chapter.
5     SECTION 8. IC 36-7.5-7-5, AS ADDED BY P.L.195-2023,
6 SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7 UPON PASSAGE]: Sec. 5. (a) The Lake County economic
8 development and convention fund is established. The fund shall be
9 administered by the development authority.
10     (b) The convention fund consists of:
11(1) deposits under IC 4-33-13-2.5(b)(2); IC 4-33-13-5(a)(2)(C);
12(2) deposits under subsection (c);
13(3) appropriations to the fund;
14(4) gifts, grants, loans, bond proceeds, and other money received
15for deposit in the fund; and
16(5) other deposits or transfers of funds from local units located in
17Lake County.
18     (c) If a proposal is approved as provided under this chapter, each
19 state fiscal year, beginning with the first state fiscal year that begins
20 after the proposal is approved, the approved entity shall deposit up to
21 five million dollars ($5,000,000) in the convention fund. The
22 obligation of the city of Gary, as the approved entity, for each state
23 fiscal year under this subsection is satisfied by the distributions
24 made by the state comptroller on behalf of the city of Gary under
25 IC 4-33-13-5(a)(2)(C). However, if the total amount distributed
26 under IC 4-33-13-5(a)(2)(C) on behalf of the city of Gary with
27 respect to a particular state fiscal year is less than the amount
28 required by this subsection, the fiscal officer of the city of Gary
29 shall transfer the amount of the shortfall to the convention fund
30 from any source of revenue available to the city of Gary other than
31 property taxes. The state comptroller shall certify the amount of
32 any shortfall to the fiscal officer of the city of Gary after making
33 the distribution required by IC 4-33-13-5(a)(2)(C) on behalf of the
34 city of Gary with respect to a particular state fiscal year.
35     (d) The development authority shall administer money, including
36 determining amounts to be used and the specific purposes, from the
37 convention fund.
38     (e) Except as provided in section 8(d) of this chapter, the money
39 remaining in the convention fund at the end of a state fiscal year does
40 not revert to the state general fund.
41     (f) Money in the convention fund is continuously appropriated for
42 the purposes of this chapter.
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1     (g) Subject to budget committee review, but except as provided in
2 subsection (i), the development authority may receive reimbursement
3 for expenses incurred and a reasonable and customary amount for
4 providing administrative services from money in the convention fund.
5     (h) The development authority shall quarterly report to the budget
6 committee on all uses of money in the convention fund and the status
7 of the convention and event center project.
8     (i) The development authority shall conduct an updated feasibility
9 study related to a potential convention and event center located in Lake
10 County. The development authority shall be reimbursed for the costs
11 of obtaining the updated feasibility study from money in the fund.
12 Budget committee review is not required for reimbursement under this
13 subsection.
14     SECTION 9. IC 36-7.5-7-9, AS ADDED BY P.L.195-2023,
15 SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
16 UPON PASSAGE]: Sec. 9. (a) If a proposal is approved under section
17 8 of this chapter, following the approval of the proposal, and when the
18 construction of the convention and event center is substantially
19 completed so that the convention and event center can be used for
20 its intended purpose, the Lake County convention center authority is
21 established for the purpose of holding an equal share of ownership of
22 the Lake County convention and event center with the entity whose
23 proposal is approved and for providing general oversight of the upkeep,
24 improvements, and management team as outlined in the accepted
25 proposal. Subject to subsection (e), the convention center authority
26 consists of seven (7) members, appointed as follows:
27(1) Three (3) members appointed by the entity whose proposal is
28approved under section 8 of this chapter.
29(2) Three (3) members appointed by the Lake County board of
30commissioners.
31(3) One (1) member appointed by the governor.
32 Individuals appointed to the convention center authority must be
33 Indiana residents and have professional experience in commercial
34 facility management. An appointing authority may not appoint an
35 attorney in active standing as a member of the authority.
36     (b) The term of office for a member of the board is two (2) years.
37 The term begins July 1 of the year in which the member is appointed
38 and ends on June 30 of the second year following the member's
39 appointment. A member may be reappointed after the member's term
40 has expired.
41     (c) A vacancy in membership must be filled in the same manner as
42 the original appointment. Appointments made to fill a vacancy that
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1 occurs before the expiration of a term are for the remainder of the
2 unexpired term.
3     (d) The member appointed under subsection (a)(3) shall serve as the
4 chairperson of the convention center authority. The convention center
5 authority shall meet at the call of the chairperson.
6     (e) An individual may not be appointed to the convention center
7 authority if the individual is a party to a contract or agreement with the
8 entity whose proposal is approved, is employed by the entity whose
9 proposal is approved, or otherwise has a direct or indirect financial
10 interest in the entity whose proposal is approved under this chapter.
11     SECTION 10. IC 36-7.5-7-10, AS ADDED BY P.L.195-2023,
12 SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
13 UPON PASSAGE]: Sec. 10. (a) A local county fund known as the Lake
14 County convention and event center reserve fund is established to pay
15 for:
16(1) additions;
17(2) refurbishment; and
18(3) budget shortfalls or other unusual costs;
19 of a convention and event center that is constructed using money from
20 the convention fund under this chapter.
21     (b) The reserve fund consists of:
22(1) transfers under IC 6-9-2-1.5(c); and
23(2) gifts, grants, donations, or other contributions from any other
24public or private source.
25     (c) The Lake County commissioners shall administer the reserve
26 fund until the convention center authority is established.
27 Thereafter, the convention center authority shall administer the
28 reserve fund.
29     SECTION 11. IC 36-7.5-8-3, AS ADDED BY P.L.195-2023,
30 SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
31 UPON PASSAGE]: Sec. 3. (a) The Gary Metro Center station
32 revitalization fund is established to provide funding for the Gary Metro
33 Center station revitalization project.
34     (b) The fund consists of:
35(1) appropriations from the general assembly;
36(2) available federal funds;
37(3) transfers of money under IC 4-33-13-2.5(b)(3);
38IC 4-33-13-5(a)(3)(C);
39(4) deposits required under section 4 of this chapter; and
40(5) gifts, grants, donations, or other contributions from any other
41public or private source.
42     (c) The development authority shall administer the fund.
 2026  IN 1347—LS 7013/DI 116
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1     (d) The money remaining in the fund at the end of a state fiscal year
2 does not revert to the state general fund.
3     (e) Money in the fund is continuously appropriated for the purposes
4 of this chapter.
5     (f) Subject to budget committee review, the development authority
6 may receive reimbursement for expenses incurred and a reasonable and
7 customary amount for providing administrative services from money
8 in the fund.
9     SECTION 12. An emergency is declared for this act.
2026  IN 1347—LS 7013/DI 116