# Indiana SB 292: Loans from the common school fund.

Indiana SB 292, Loans from the common school fund., is a Second Regular Session 124th General Assembly (2026) Senate bill sponsored by Mark Spencer (Democratic); status failed, last action 2026-01-12 (First reading: referred to Committee on Education and Career Development) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-SB292-2026
- 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 292
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Loans from the common school fund.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-12
- Last action: 2026-01-12, First reading: referred to Committee on Education and Career Development
- Sponsor: Mark Spencer (Democratic)
- Cosponsors: 0
- Subjects: education and career development
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Reinstates retroactively 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 expired January 1, 2025. Extends the expiration date to January 1, 2028.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mark Spencer (Democratic), Senate

## Actions (2)

- 2026-01-12: First reading: referred to Committee on Education and Career Development (Senate)
- 2026-01-12: Authored by Senator Spencer (Senate)

## Bill text

- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2026/bills/SB0292/versions/SB0292.01.INTR?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/SB0292/versions/SB0292.01.INTR?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-SB292-2026 (as of 2026-11-01).