IN HB 1297

Quick answers

Description

Provides that if a proposed economic development project includes proposed construction or establishment of a facility that will consume an average of at least 500,000 gallons of water per day in ordinary operation (water intensive facility), the Indiana finance authority (IFA) may not approve a bid for the project, the Indiana economic development corporation (IEDC) may not grant a job creation incentive for the project, and a local unit may not provide financing for the project unless the IFA, IEDC, or local unit: (1) provides notice of the proposed water intensive facility to the water utility that provides water utility service to the proposed location of the water intensive facility; (2) receives from the water utility a plan for provision of water utility service to the water intensive facility; (3) determines that the water utility's plan adequately ensures that: (A) the water utility can reliably meet both the ordinary and peak water demand of the water intensive facility; and (B) incremental costs of supplying water to the water intensive facility will be allocated to and paid by the water intensive facility; and (4) provides the water utility's plan to the local plan commission.