Bill Text: IN SR0103 | 2012 | Regular Session | Introduced

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Bill Title: Urging a study committee on property needing environmental remediation.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2012-03-09 - First reading: adopted voice vote [SR0103 Detail]

Download: Indiana-2012-SR0103-Introduced.html

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Introduced Version

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SENATE RESOLUTION No. ___

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DIGEST OF INTRODUCED RESOLUTION

     A SENATE RESOLUTION urging the Legislative Council to assign to the appropriate study committee the issues raised with regard to using property needing environmental remediation for residential purposes and expanding the use of tax increment financing for the payment of the environmental remediation and related costs associated with this type of project.

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YODER

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     , read first time and referred to Committee on

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Introduced

Second Regular Session 117th General Assembly (2012)

SENATE RESOLUTION

     MADAM PRESIDENT:

    I offer the following resolution and move its adoption:

    A SENATE RESOLUTION urging the Legislative Council to#assign to the appropriate study committee the issues raised with regard to using property needing environmental remediation for residential purposes and expanding the use of tax increment financing for the payment of the environmental remediation and related costs associated with this type of project.

    Whereas, There is a considerable amount of property,
especially in cities and towns, that will be best used in the
future for residential purposes, but the property needs
environmental remediation;

    Whereas, Environmental remediation of certain properties may not be cost effective for a private developer when the best future use is residential; and
    
    Whereas, It is necessary to expand the use of tax increment financing to address issues related to the environmental remediation of property when the best future use is residential: Therefore,

Be it resolved by the Senate of the

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General Assembly of the State of Indiana:

    SECTION 1. That the Legislative Council is urged to assign to an appropriate study committee the issues raised with regard to using property needing environmental remediation for residential purposes and expanding the use of tax increment financing for the payment of the environmental remediation and related costs associated with this type of project.
    SECTION 2. The Secretary of the Senate is hereby directed to transmit a copy of this Resolution to the Legislative Council through the Executive Director of the Legislative Services Agency.