SB0165Introduced in the Senate
Hobart counter-cyclical fund loan.
Introduced by Mark Spencer, District 3
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Hobart counter-cyclical fund loan. 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.
Where it stands
First reading: referred to Committee on Tax and Fiscal Policy
January 5, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Authored by Senator Spencer
First reading: referred to Committee on Tax and Fiscal Policy
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