Bill > HB1269

This bill modifies the structure and operations of the Indiana Economic Development Corporation (IEDC) through several key provisions. First, it adds two nonvoting, advisory members from the general assembly to the IEDC board - one from the House of Representatives appointed by the Speaker and one from the Senate appointed by the President Pro Tempore, each serving two-year terms. The bill also introduces new requirements for land acquisition, mandating that the IEDC provide notice to local governments before purchasing more than 100 acres in a county and requiring two independent appraisals to ensure land is purchased at fair market value. Additionally, the bill establishes a comprehensive tracking mechanism for economic development projects, which must be updated quarterly and published on the IEDC's transparency portal, detailing public investments, wage data, local government financial impacts, and tax burden effects. By January 15 each year, the IEDC must submit an annual report to the general assembly summarizing these details. Finally, the bill requires the IEDC to dedicate at least 5% of its economic development funds in state fiscal years 2026 and 2027 to projects in counties with populations under 50,000, focusing on housing, infrastructure, and quality of life initiatives.

Government Affairs

https://iga.in.gov/legislative/2025/bills/house/1269/details