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HB1400 - Bullion depositories and legal tender.
Shane Lindauer, Jake Teshka, Jim Lucas
Last updated 11 months ago
4 Co-Sponsors
Bullion depositories and legal tender. Defines "bullion" as refined silver or gold, in any shape or form, that has certain specified characteristics. Defines "specie" as bullion that is fabricated into products that are: (1) of uniform shape, size, design, content, weight, and purity; and (2) suitable for, or customarily used as, currency or a medium of exchange. Defines "specie legal tender" as: (1) specie coin issued by the United States government at any time; or (2) any other specie that a federal court determines to be within state authority to make or designate as legal tender under Article 1, Section 10 of the Constitution of the United States. Authorizes the treasurer of state (treasurer) to establish one or more bullion depositories to provide a secure location for the storage of bullion. Provides that if the treasurer establishes one or more bullion depositories, the treasurer shall designate or engage an administrator to oversee the operation and management of the bullion depositories established. Provides that a person may: (1) establish a bullion depository account with a bullion depository by entering into a depository agreement with the bullion depository; and (2) purchase, sell, deposit, or withdraw bullion through the holder's bullion depository account. Provides that a bullion depository qualifies as a state depository and is eligible to receive public funds of: (1) the state; or (2) a political subdivision; on deposit. Requires the administrator to perform certain record keeping and retention duties with respect to: (1) bullion depository accounts; and (2) transactions associated with bullion depository accounts. Requires a bullion depository to: (1) adopt and implement certain security measures; and (2) maintain insurance coverage to cover the full value of all bullion stored at each of its physical locations. Requires each bullion depository to be audited by an independent third party auditor on a semiannual basis. Requires the treasurer to establish an electronic currency backed by: (1) specie legal tender; or (2) other bullion designated by the treasurer; to the extent of the treasurer's authority to do so under Article 1, Section 10 of the Constitution of the United States. Requires the treasurer to maintain enough specie legal tender or other designated bullion to provide for the redemption in specie legal tender or other designated bullion of all units of the electronic currency issued. Requires the administrator to determine, at the time of each transaction involving the issuance or redemption of electronic currency, the value of a unit of electronic currency in legal tender (other than specie legal tender) based on market price. Provides that a bullion depository established under these provisions may not be terminated or transferred to a private entity unless the termination or transfer is: (1) executed in a manner to protect: (A) the security of the bullion on deposit; (B) the rights of bullion account holders; and (C) the financial interests of the state and any affected political subdivision; and (2) authorized by an act of the general assembly. Establishes certain reporting requirements for: (1) the administrator; and (2) the treasurer; concerning bullion depositories established under these provisions. Requires the treasurer to adopt guidelines to implement and administer these provisions. Provides that: (1) specie legal tender; and (2) electronic currency; are recognized as legal tender in Indiana. Provides that except as otherwise specifically provided by law or contract, a person may not compel any other person to tender or accept specie as legal tender. Provides that a prevailing party in an action for breach of any contract provision that expressly designates a type or form of specie as tender is entitled to specific performance of the contract provision. Provides that bullion is: (1) not subject to assessment and taxation under Indiana's property tax statute; and (2) exempt from the state gross retail tax. Provides that the exchange of one type or form of legal tender for another type or form of legal tender is exempt from the state gross retail tax.
STATUS
Introduced
HB1002 - Enforcement of equal educational opportunity.
Christopher P. Jeter, Becky Cash, Julie A. McGuire
Last updated 8 months ago
67 Co-Sponsors
Enforcement of equal educational opportunity. Defines "antisemitism", specifies that the public policy of the state is to provide educational opportunities free of religious discrimination, and provides that antisemitism is discrimination on the basis of race, creed, religion, or national origin.
STATUS
Vetoed
HB1409 - Repeal of involuntary firearm removal process.
Zach Payne, Craig Haggard, Lorissa Sweet
Last updated 11 months ago
4 Co-Sponsors
Repeal of involuntary firearm removal process. Repeals provisions concerning the: (1) confiscation and retention of firearms from a dangerous person; (2) compilation and publication of statistics related to the confiscation and retention of firearms from a dangerous person; and (3) making of a false report that a person is dangerous. Modifies a provision concerning a petition to find that an individual is no longer dangerous.
STATUS
Introduced
HB1407 - Assessed value.
Zach Payne
Last updated 11 months ago
1 Co-Sponsor
Assessed value. Limits the annual increase in assessed value of real property to 5% unless ownership of the real property changes during the year or the increase results from physical changes to the real property.
STATUS
Introduced
HR0010 - Urging Congress to make daylight saving time permanent.
Zach Payne
Last updated 3 months ago
1 Co-Sponsor
Urging Congress to make daylight saving time permanent. Urging Congress to make daylight saving time permanent.
STATUS
Tentative
HB1408 - Indiana education scholarship account program.
Zach Payne, John Prescott, Shane Lindauer
Last updated 11 months ago
4 Co-Sponsors
Indiana education scholarship account program. Amends the: (1) definition of "eligible student" for purposes of eligibility under the Indiana education scholarship account program; and (2) grant amount that an eligible student may receive under the program.
STATUS
Introduced
HB1004 - Pension matters.
Robert W. Cherry, Gregory W. Porter, Michael Karickhoff
Last updated 9 months ago
104 Co-Sponsors
Pension matters. Provides that a state employee may affirmatively elect to enroll in the deferred compensation plan prior to the auto enroll date on day 31 of the state employee's employment. Removes a provision that sets a maximum employer surcharge for the legislators' defined benefit plan, state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan, public employees' retirement fund, and Indiana state teachers' retirement fund (fund). Requires the board of trustees of the Indiana public retirement system (board) to develop the technological and administrative capabilities sufficient to categorize fund members into separate groups in which: (1) certain members receive a service based thirteenth check; and (2) certain members receive a cost of living adjustment. Requires the board to set the surcharge rates at a level to actuarially prefund: (1) annual indexed thirteenth checks for all current retired members and beneficiaries retired before July 1, 2025; and (2) 1% annual cost of living adjustments to future in-payment members and beneficiaries retired on or after July 1, 2025. Provides that the board shall not reduce the surcharge rates from the prior year. Allows the board to increase the surcharge rates by not more than 0.1% of payroll from the prior year. Requires certain political subdivisions to present to the interim study committee on pension management oversight regarding a delinquent employee retirement plan offered by the political subdivision. Requires, effective July 1, 2025, the trustee of the state police pension trust to maintain two supplemental allowance reserve accounts for the purpose of paying postretirement benefit adjustments. Increases the maximum date that a member or participant of certain retirement funds can participate in the deferred retirement option plan from 36 to 60 months. Requires the member or participant to notify their employer if the member or participant elects to enter or extend the deferred retirement option plan. Provides for a thirteenth check in 2024 for certain members, participants, or beneficiaries of the: (1) Indiana state teachers' retirement fund; (2) Indiana public employees' retirement fund; (3) state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan; (4) state police pre-1987 benefit system; and (5) state police 1987 benefit system.
STATUS
Passed
HR0041 - Recognizing the month of February as Turner Syndrome Awareness Month.
Ryan Michael Dvorak, David Abbott, Mike Andrade
Last updated 9 months ago
37 Co-Sponsors
Recognizing the month of February as Turner Syndrome Awareness Month. Recognizing the month of February as Turner Syndrome Awareness Month.
STATUS
Introduced
HR0037 - Recognizing the 100th anniversary of the establishment of diplomatic relations between the United States of America and Ireland.
Timothy O'Brien, Matthew S. Lehman, Jake Teshka
Last updated 9 months ago
61 Co-Sponsors
Recognizing the 100th anniversary of the establishment of diplomatic relations between the United States of America and Ireland. Recognizing the 100th anniversary of the establishment of diplomatic relations between the United States of America and Ireland.
STATUS
Introduced
BIOGRAPHY
INCUMBENT
Representative from Indiana district HD-066
COMMITTEES
Indiana House
BIRTH
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ABOUT
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OFFICES HELD
Indiana House from Indiana
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