# Indiana SB 148: Loans from the common school fund.

Indiana SB 148, Loans from the common school fund., is a First Regular Session 124th General Assembly (2025) Senate bill sponsored by Mark Spencer (Democratic); status failed, last action 2025-01-16 (Senator Randolph added as coauthor) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-SB148-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana SB 148
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Loans from the common school fund.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-08
- Last action: 2025-01-16, Senator Randolph added as coauthor
- Sponsor: Mark Spencer (Democratic)
- Cosponsors: 1
- Subjects: appropriations
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Extends by three years provisions that apply with regard to an extension of the term of loans or advances from the common school fund for the Gary Community School Corporation, which are set to expire on January 1, 2025. Reinstates the provisions in a new section of the Indiana Code with an extended expiration date of January 1, 2028.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mark Spencer (Democratic), Senate
- Cosponsor: Lonnie Randolph (Democratic), Senate

## Actions (3)

- 2025-01-16: Senator Randolph added as coauthor (Senate)
- 2025-01-08: Authored by Senator Spencer (Senate)
- 2025-01-08: First reading: referred to Committee on Appropriations (Senate)

## Bill text

- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2025/bills/SB0148/versions/SB0148.01.INTR?format=pdf)

## Related bills

- SB 324: Criminal procedures. (signed)
- SB 231: Various corrections matters. (signed)
- SB 80: Code publication. (signed)
- SB 453: Various tax matters. (signed)
- SB 464: Financial institutions and consumer credit. (signed)
- SB 371: Workforce matters. (signed)

## Sources
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2025/bills/SB0148/versions/SB0148.01.INTR?format=pdf)

## Related
- [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025)
- [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2025)
- [SB 453: Various tax matters.](https://policyrisk.com/state-bill/IN-SB453-2025)
- [SB 464: Financial institutions and consumer credit.](https://policyrisk.com/state-bill/IN-SB464-2025)
- [SB 371: Workforce matters.](https://policyrisk.com/state-bill/IN-SB371-2025)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
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Source: PRIA, https://policyrisk.com/state-bill/IN-SB148-2025 (as of 2026-10-17).