Indiana House Bill 1319 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 11 2022 - 25% progression, died in committee
Action: 2022-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Next level Indiana fund. Makes changes to the next level Indiana trust fund to strengthen legislative oversight. Adds one legislative member to the fund investment board appointed by the speaker of the house of representatives and one legislative member appointed by the president pro tempore of the senate. Provides that five members of the board constitute a quorum (rather than three, under current law). Provides that money in the trust may be invested in investments that direct all investments into Indiana based funds or funds that have opened or agree to open and operate an Indiana office, and Indiana based companies. Provides that any out-of-state funds that receive investments must direct all investment dollars into Indiana based companies. Provides that an established function of the fund is to support the formation of new Indiana based funds and fund managers.

Next level Indiana fund.

Rep. Craig Snow [R]

Rep. Michael Karickhoff [R]

Date	Chamber	Action
2022-01-11	House	First reading: referred to Committee on Ways and Means
2022-01-11	House	Coauthored by Representative Karickhoff
2022-01-11	House	Authored by Representative Snow

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/house/1319/details
Text	http://iga.in.gov/static-documents/0/1/3/c/013c689d/HB1319.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/2/c/3/f/2c3fe103/HB1319.01.INTR.FN001.pdf