Senator Deig has introduced SB 548 which is a reasonably specific piece of legislation. It provides for the reimbursement by the state of borrowing costs of a taxing unit in a county if: (1) the department of local government finance ordered a reassessment of real property for the assessment date in 2006; (2) the billing of property taxes in the county in 2007 was late; and (3) as a result, the taxing unit had to borrow for current operations.

I’m fairly sure this applies to the state ordered reassessment in Marion County. I can’t remember if it would apply to other counties. Gibson and Posey counties might have also been so affected, but I think Delaware County was initially slated for reassessment but that decision was ultimately reversed.