Banner Graphic, Volume 13, Number 101, Greencastle, Putnam County, 5 January 1983 — Page 3

Corporation wants $l5O million from state for research

INDIANAPOLIS (AP) - Indiana's Corporation for Science and Technology wants the Legislature to turn over $l5O million in tax funds in the next 10 years to finance research activities in the state. In the first phase of the project, the corporation will request a S2O million appropriation in the upcoming 1983-85 budget. The corporation was authorized by the 1982 Legislature at the request of Gov. Robert D. Orr and Lt. Gov. John M. Mutz. It is designed to spur research and development activities by Indiana industries and universities, with the goal to creating more jobs in hightechnology areas. “The vigor, the muscle we envision for the corporation depends on the successful passage of this program,” corporation chairman Eldon Campbell said at a news conference Tuesday. The corporation, which received a SIOO,OOO grant from Lilly Endowment to fund its first six months of operation, plans to use part of the S2O million to keep itself in business. How much money will go into the corporation’s operating budget is uncertain, Mutz said. Mutz said the hope is that state money will be used to attract private funds and together they can finance meaningful research in the state. “State funds are only a leveraging facility in this endeavor because they will

Banana truck slips up

LOUISVILLE, Kv. (AP) - An Indiana man suffered a broken hand and received cuts on both arms when the truck he was driving crashed on an interstate exit ramp, authorities said. Traffic was backed up for more than a mile at the ramp between Interstate 65 and Fern

Quayle predicts jobs bill passage

EVANSVILLE. Ind. (AP) Solving the unemployment problem is the most important task facing the 98th Congress, according to U.S. Sen. Dan Quayle, R-Ind. And regardless of whether President Reagan supports the move or opposes it. Congress will pass a jobs program, Quayle said Tuesday. “I don’t believe there is any other major issue that can compete with trying to put America back to work.” Quayle said at a news conference prior to a tour of two Evansville manufacturing plants. And despite Reagan’s past threats to veto any legislation designed to provide jobs,

Big Wain ut Preserve heralded as part of group's success

By The Associated Press The past year was a really good one for Hoosiers interested in preserving the habitats of rare plants and animal species, an Indiana conservationist claims. William Weeks of the Indiana chapter of the Nature Conservancy says the non-profit private organization has acquired a 60-acre forest in Jennings County. He said the purchase brings to 7,207 acres and 60 the number of protected natural habitats in Indiana. Guthrie Woods was acquired from the Nature Study Club of Indiana, which bought the land in 1927. The club protected it until it asked the Nature Conservancy to take it over and maintain it as a state nature preserve. The property is considered valuable for its timber - tulip, white oak, beech, maple, black gum, and for a rare wildflower, sweet white violet. Weeks said the organization also acquired 65 acres in the Big

produce millions and millions of dollars from the private sector." he said. Tax money for the corporation would come from Indiana's beleaguered general fund, which has had to borrow from dozens of other state accounts to stay solvent. But Mutz said revenue from sales and income tax increases and general economic growth will yield enough money to fund the new enterprise. “It will have to compete with other programs” for money, the lieutenant governor said. Mutz, who is vice chairman of the public-private corporation, conceded that the Legislature couldn't commit itself to more than a two-year program. "But it's important to get the Legislature imbued with the idea that this is an ongoing program,” Mutz told reporters. Indiana already offers state tax incentives to complement federal tax breaks for research and experimentation, Mutz said The corporation's board of directors has identified the types of projects that could be eligible for financial assistance. The money could be spent on research grants to universities, provided the research would aid economic development; providing seed money to develop target technologies and to train people for those technologies; giving matching funds to applied research projects; and creating proposals for research parks in Indiana.

Valley Road Tuesday when the truck carrying 40,000 pounds of bananas went off the road. Police said James Stevens, 38. of Albany, Ind., lost control of the vehicle after the brakes failed. Another truck loaded with liquor overturned on the same exit ramp last week.

Quayle said he feels certain the president is willing to meet the issue and make some proposals of his own. The proposals are likely to come in Reagan's State of the Union address later this month to a joint session of Congress. “I do not believe you will see the president turn his back on jobs,” Quayle said. Even if he does, Quayle said, Congress will pass jobs or training legislation. “We can put together a jobs program without the president, but hopefully we will be able to work with him,” Quayle said. “If the president completely ignores the unemployment problem, it would be something

Walnut Preserve in Putnam County for $23,000 and received a gift of 40 acres in a limestone glade in Harrison County. “There is a natural opening of limestone in a hickory forest which can’t support timber, so it is a prairie and protected now. There are only 10 or so examples like it in the state." The Nature Conservancy buys land that supports rare or endangered plants and animals. The organization manages some of the wilderness purchases and donates other parcels to government agenices and universities for preservation. Another recent gift, Weeks said, “is a little remnant of an ecological community in Tippecanoe County - Gravel Hill Prairie.” He said an enlarged preserve called Fox Island a 602-acre woodland marsh southwest of Fort Wayne, is a fine tract for outdoor buffs and birders.

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In order to accommodate the desires of eight year-old Richard Adams II the boxing world may have to come up with a new weight classification-splinter weight, maybe? The Henderson, Ky., youngster, who travels to Evansville almost daily to work out, is called ''Bones" by his friends because of his scrawny build. Adams, however, is something of a tiger in ring, winning 33 of the 36 amateur bouts he already has under his belt. (AP Wirephoto).

I wouldn't expect." One solution to the unemployment problem promoted by Quayle is the Job Training Partnership Act passed by Congress last year and funded with $25 million in the lame-duck session that ended just before Christmas. The funding already provided is a start, Quayle said, but he refused to say how much more would be necessary to get unemployment down to acceptable levels. The act passed last year will provide funding for 10,000 workers whose former jobs are not likely to ever be filled again. Quayle said many of Jhose people formerly worked in

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heavy industry such as steel and automobiles that will never again return to the same level they once enjoyed. Future job opportunities for those people are in high technology work, and they are not trained for it. Quayle said it is the government's responsibility to provide some help for those people, but he criticized any plan for the government to provide jobs. He said there is no “magic wand" to wave to make unemployment go away, but “the worst thing we can do is try to throw a lot of money at a problem."

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State's cash flow woes 'critical/ Democrats say

INDIANAPOLIS (AP) - Indiana is so cash-poor that soon there may not be enough money in state government’s various bank accounts “to rob Peter to pay Paul,” Democratic lawmakers caution. Rep. Stanley G. Jones of West Lafayette, told reporters Tuesday that dozens of special state accounts used to bail out Indiana’s general fund could be drained dry before money from higher sales and income taxes comes in. “We're not saying it’s going to happen,” said Jones, the ranking Democrat on the House Ways and Means Committee. “But we re saying it’s a very real possibility that we're going to run out of funds to transfer.” The State Board of Finance met Monday to authorize a transfer of $159.5 million from those funds into the state’s main bank account, the general fund. To get enough money, Auditor Otis Cox said it was necessary to take 79.2 percent of t e balance in each of the special accounts. Jones, flanked by Rep. Marilyn F. Schultz of Bloomington and Sen. Louis J. Mahern of Indianapolis, said the transfer left only S3B million in those special funds. At the rate the general fund has been

Grand jury returns BSU indictment

MUNCIE. Ind. (AP» A Delaware County grand jury investigating Ball State University financial affairs and Muncie’s city government has returned a sealed indictment. The indictment was issued late Tuesday, and authorities did not reveal which case it concerned. They said it would remain sealed until an arrest warrant could be served. A former Ball State University president was granted immunity Tuesday before appearing before the grand jury which is looking into ties between school officials, local banks and.alledged ghost employment The State Board of Accounts released an audit of the university Dec. 21, stating it was unsure if the Ball State had violated Indiana's conflict of interest law. The university invests solely in Muncie banks, several of which employ or have as directors university administrators or trustees.

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needing money, the remaining money in the dedicated funds could be used up quickly. Jones said. “The fiscal management of the Republican administration has left Indiana in the position where the state no longer has any money left to rob Peter to pay Paul," Ms. Schultz said. Higher sales and income taxes took effect Jan. 1, but the state isn’t expected to see the first dollars from the tax increase until late February. “Our concern is how best to deal with Indiana's fiscal problems in a manner other than crisis management, coverup or by hide and seek the money” Ms. Schultz said. Jones said the state may have to consider short-term

January 5,1983. The Putnam County Banner-Graphic

state

borrowing to get enough money to keep government running. State borrowing, he said, is preferable to cutting funding for public schools and higher education. Mahern noted that by delaying state payments to schools and local governments, the state has forced those entities to borrow. It would be more efficient and less costly for one governmental unit the state to borrow a big chunk of money than it would for several smaller units of government to borrow smaller amounts, Mahern said. Even though the Constitution permits the state to borrow money to cover “casual

Former university President Jerry Anderson testified Tuesday. Judge Steven Caldemeyer of Delaware Circuit Court granted immunity, which means Anderson cannot be prosecuted for testimony given Tuesday, authorities said. He may still be prosecuted for other actions relating to the case. Anderson is now assistant dean for research at the University of Wisconsin-Stout. He resigned as Ball State president Feb. 2.1981. after serving one year. The university said he resigned over a “difference in management philosophies." Others testifying Tuesday included Donald Butera. former BSU assistant controller who became controller of Kentucky State University in August; BSU’s presidential assistant Richard McKee; and university attorney Jon Moll. Twelve Ball State officials appeared before the grand jury Monday, including current President Robert Bell.

deficits” in revenue, modernday legislatures have been unwilling to do so. That isn’t likely to change, Mahern said, unless "the Republicans are willing to admit that it’s their responsibility.” Although it will do nothing to help the state’s current cash-: flow problems, the Democrats say they will introduce two bills to help Indiana deal with future fiscal troubles. One measure would require updated revenue forecasts three times a year, instead of once a year now. The other would require the Finance Board to notify the Legislative Council and the State Budget Committee whenever money from a dedicated fund is transferred to the general fund.

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