# Indiana SB 289: Public depositories.

Indiana SB 289, Public depositories., is a Second Regular Session 124th General Assembly (2026) Senate bill sponsored by Kyle Walker (Republican); status failed, last action 2026-01-22 (Committee report: amend do pass, adopted) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-SB289-2026
- 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 289
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Public depositories.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-12
- Last action: 2026-01-22, Committee report: amend do pass, adopted
- Sponsor: Kyle Walker (Republican)
- Cosponsors: 2
- Subjects: insurance and financial institutions
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Provides that if two or fewer financial institutions that have a branch or principal office in a county or in a county contiguous to the county that is located in Indiana are willing to accept public funds, the board of finance for the county may: (1) treat the financial institutions that are located within the county or a county contiguous to the county that is located in Indiana as if the financial institutions were not located within the county or a county contiguous to the county; and (2) designate certain financial institutions to receive public funds. Makes conforming changes.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Kyle Walker (Republican), Senate
- Cosponsor: Lonnie Randolph (Democratic), Senate
- Cosponsor: Scott Baldwin (Republican), Senate

## Actions (4)

- 2026-01-22: Committee report: amend do pass, adopted (Senate)
- 2026-01-15: Senator Randolph added as coauthor (Senate)
- 2026-01-12: First reading: referred to Committee on Insurance and Financial Institutions (Senate)
- 2026-01-12: Authored by Senators Walker K, Baldwin (Senate)

## Bill text

- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2026/bills/SB0289/versions/SB0289.01.INTR?format=pdf)
- Senate Bill (S): [PDF](https://api.iga.in.gov/2026/bills/SB0289/versions/SB0289.02.COMS?format=pdf)

## Related bills

- SB 239: Various education matters. (signed)
- SB 204: Various education matters. (signed)
- SB 179: Indiana department of transportation. (signed)
- SB 185: Alcohol and tobacco matters. (signed)
- SB 80: Code publication. (signed)
- HB 1424: Farm and homestead food sales. (signed)

## Sources
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/SB0289/versions/SB0289.01.INTR?format=pdf)
- [Senate Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/SB0289/versions/SB0289.02.COMS?format=pdf)

## Related
- [SB 239: Various education matters.](https://policyrisk.com/state-bill/IN-SB239-2026)
- [SB 204: Various education matters.](https://policyrisk.com/state-bill/IN-SB204-2026)
- [SB 179: Indiana department of transportation.](https://policyrisk.com/state-bill/IN-SB179-2026)
- [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)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-SB289-2026 (as of 2026-11-01).