Indiana · 2026 Regular Session · Bill
SB 165: Hobart counter-cyclical fund loan.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 165 is a bill introduced in the Indiana Senate on January 5, 2026. According to its official title, it concerns: Hobart counter-cyclical fund loan. Primary sponsor: Mark Spencer (Democratic). Most recent recorded action (January 5, 2026): First reading: referred to Committee on Tax and Fiscal Policy.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mark Spencer | Primary sponsor | Democratic | Senate | 3 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- First reading: referred to Committee on Tax and Fiscal Policy
- Authored by Senator Spencer