# Indiana SB 165: Hobart counter-cyclical fund loan.

Indiana SB 165, Hobart counter-cyclical fund loan., is a Second Regular Session 124th General Assembly (2026) Senate bill sponsored by Mark Spencer (Democratic); status failed, last action 2026-01-05 (First reading: referred to Committee on Tax and Fiscal Policy) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-SB165-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana SB 165
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Hobart counter-cyclical fund loan.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-05
- Last action: 2026-01-05, First reading: referred to Committee on Tax and Fiscal Policy
- Sponsor: Mark Spencer (Democratic)
- Cosponsors: 0
- Subjects: tax and fiscal policy
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mark Spencer (Democratic), Senate

## Actions (2)

- 2026-01-05: First reading: referred to Committee on Tax and Fiscal Policy (Senate)
- 2026-01-05: Authored by Senator Spencer (Senate)

## Bill text

- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2026/bills/SB0165/versions/SB0165.01.INTR?format=pdf)

## Related bills

- SB 179: Indiana department of transportation. (signed)
- SB 204: Various education matters. (signed)
- SB 185: Alcohol and tobacco matters. (signed)
- SB 80: Code publication. (signed)
- HB 1424: Farm and homestead food sales. (signed)
- HB 1406: Tax and fiscal matters. (signed)

## Sources
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/SB0165/versions/SB0165.01.INTR?format=pdf)

## Related
- [SB 179: Indiana department of transportation.](https://policyrisk.com/state-bill/IN-SB179-2026)
- [SB 204: Various education matters.](https://policyrisk.com/state-bill/IN-SB204-2026)
- [SB 185: Alcohol and tobacco matters.](https://policyrisk.com/state-bill/IN-SB185-2026)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2026)
- [HB 1424: Farm and homestead food sales.](https://policyrisk.com/state-bill/IN-HB1424-2026)
- [HB 1406: Tax and fiscal matters.](https://policyrisk.com/state-bill/IN-HB1406-2026)
- [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-SB165-2026 (as of 2026-11-01).