SEA 67 LOIT Distributions by Unit
LOIT reserve distributions are to be made to all eligible units by June 1, 2016. Find out what your municipality should be receiving and call IACT with any questions.
Expected Allocations to Municipalities From Income Tax Reserve Changes in SEA 67. Click to view.
Indiana SBOA Issues Memo on Road Money Distribution of LOIT
The Indiana State Board of Accounts has issued a memorandum containing guidance in regard to accounting for the one-time distribution required under SEA 67 from the county's trust account maintained by the State. Per the new section, IC 6-3.6-9-17, the State Budge Agency will make a one-time special distribution to each county having a positive balance in the county's trust account as of December 31, 2015. Before June 1, 2016, the county auditor shall distribute to each taxing unit an amount equal to the tax unit's allocation amount.
Click here to see the SBOA Memorandum and learn more.
Indiana LTAP Posts INDOT-Approved Pavement Asset Management Plan
The Indiana Local Technical Assistance Program (LTAP) has posted an INDOT-approved asset management plan to provide cities and towns with the opportunity to begin inventorying, assessing, and reporting the condition of their pavement in a way that satisfies all of the HEA 1001 State funding requirements. Learn more at LTAP's website by clicking here.
View and download the new pavement asset management plan here