IndianaSB 165Second Regular Session 124th General Assembly (2026)Senate

Hobart counter-cyclical fund loan.

Sponsored By: Mark Spencer (Democratic)

Failed

Summary

Cancels a 2023 loan or loans from the state of Indiana from the counter-cyclical revenue and economic stabilization fund for the purpose of providing funds to be applied to refunding certain bonds of the city of Hobart and the city of Hobart redevelopment district and offsetting property tax revenue shortfalls incurred and to be incurred by the city of Hobart. Provides that the city of Hobart is not required to make any further payments to the state of Indiana in satisfaction of the loan or loans.

tax and fiscal policy

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mark Spencer

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. First reading: referred to Committee on Tax and Fiscal Policy

    1/5/2026Senate
  2. Authored by Senator Spencer

    1/5/2026Senate

Bill Text

  • Introduced Senate Bill (S)

Related Bills

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