SB 165 IN

Hobart counter-cyclical fund loan.

IN · session 2026 · Senate · bill

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Introduced Jan 5, 2026

Latest action (Jan 5, 2026) First reading: referred to Committee on Tax and Fiscal Policy

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.

Sponsor (1)

Mark Spencer Democratic · author

Action history (2)

Jan 5, 2026 Authored by Senator Spencer · upper
Jan 5, 2026 First reading: referred to Committee on Tax and Fiscal Policy · upper

Subjects

CITIES AND TOWNS; GenerallyCOUNTIES; LakeECONOMIC DEVELOPMENTFINANCIAL SERVICES; Bonds (Non-Judicial)FINANCIAL SERVICES; Loans and MortgagesSTATE GOVERNMENT; GenerallyTAXES; Property Taxes

Full text

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