Indiana House Bill 1011 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Passed on March 18 2022 - 100% progression
Action: 2022-03-18 - Public Law 157
Text: Latest bill text (Enrolled) [PDF]

Sale of capital asset. Allows a town to invest the proceeds received from the sale of a capital asset made after December 15, 2021, and before January 1, 2023, in the same manner as the next generation trust fund if the proceeds from the sale exceed $24,000,000 but do not exceed $26,000,000. (Under current law, a political subdivision is authorized to invest the proceeds received from the sale of certain capital assets in the same manner as the next generation trust fund only if the proceeds exceed $50,000,000.) In addition, requires the fiscal body of the town to contract with a financial institution eligible to receive public funds of a political subdivision to assist the town in its investment program.

Sale of capital asset.

Rep. Micheal Aylesworth [R]	Rep. Julie Olthoff [R]	Rep. Harold Slager [R]	Rep. Mike Andrade [D]
Sen. Rick Niemeyer [R]	Sen. Ed Charbonneau [R]	Sen. Lonnie Randolph [D]

2022-02-21 - Senate - Senate - Third reading (Y: 47 N: 0 NV: 0 Abs: 3) [PASS]
2022-02-10 - Senate - Senate - Committee Vote (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2022-01-18 - House - House - Third reading (Y: 90 N: 0 NV: 2 Abs: 8) [PASS]
2022-01-06 - House - House - Committee Vote (Y: 24 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-03-18	House	Public Law 157
2022-03-18	House	Signed by the Governor
2022-03-15	Senate	Signed by the President of the Senate
2022-02-24	Senate	Signed by the President Pro Tempore
2022-02-24	House	Signed by the Speaker
2022-02-22	Senate	Returned to the House without amendments
2022-02-22	Senate	Senator Randolph added as cosponsor
2022-02-21	Senate	Senator Charbonneau added as second sponsor
2022-02-21	Senate	Third reading: passed; Roll Call 213: yeas 47, nays 0
2022-02-17	Senate	Second reading: ordered engrossed
2022-02-14	Senate	Committee report: do pass, adopted
2022-02-01	Senate	First reading: referred to Committee on Appropriations
2022-01-19	House	Referred to the Senate
2022-01-18	House	Representative Andrade M added as coauthor
2022-01-18	House	Senate sponsor: Senator Niemeyer
2022-01-18	House	Third reading: passed; Roll Call 22: yeas 90, nays 0
2022-01-13	House	Amendment #1 (Aylesworth) prevailed; voice vote
2022-01-13	House	Second reading: amended, ordered engrossed
2022-01-12	House	Representatives Olthoff and Slager added as coauthors
2022-01-10	House	Committee report: do pass, adopted
2022-01-04	House	First reading: referred to Committee on Ways and Means
2022-01-04	House	Authored by Representative Aylesworth

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/house/1011/details
Text	http://iga.in.gov/static-documents/3/8/1/9/3819a9fa/HB1011.01.INTR.pdf
Text	http://iga.in.gov/static-documents/5/5/3/2/5532796f/HB1011.02.COMH.pdf
Text	http://iga.in.gov/static-documents/d/5/1/a/d51a64e0/HB1011.02.COMH.pdf
Text	http://iga.in.gov/static-documents/a/8/7/d/a87d3193/HB1011.03.ENGH.pdf
Text	http://iga.in.gov/static-documents/1/f/1/0/1f10829f/HB1011.03.ENGH.pdf
Text	http://iga.in.gov/static-documents/5/0/3/e/503e99b5/HB1011.04.COMS.pdf
Text	http://iga.in.gov/static-documents/5/3/b/5/53b57efd/HB1011.04.COMS.pdf
Text	http://iga.in.gov/static-documents/2/9/2/1/2921f0da/HB1011.05.ENRS.pdf
Amendment	http://iga.in.gov/static-documents/4/0/e/8/40e8f86c/HB1011.02.COMH.AMH001.pdf
Supplement	http://iga.in.gov/static-documents/3/8/1/9/3819ec9d/HB1011.01.INTR.FN001.pdf
Supplement	http://iga.in.gov/static-documents/2/3/a/6/23a6c8c2/HB1011.01.INTR.CRH001.pdf
Supplement	http://iga.in.gov/static-documents/c/e/3/e/ce3e4d99/HB1011.02.COMH.FN001.pdf
Supplement	http://iga.in.gov/static-documents/7/8/f/1/78f1a3d1/HB1011.03.ENGH.FN001.pdf
Supplement	http://iga.in.gov/static-documents/6/0/c/8/60c88408/HB1011.03.ENGH.FN002.pdf
Supplement	http://iga.in.gov/static-documents/c/4/f/4/c4f4b4d8/HB1011.03.ENGH.CRS001.pdf
Supplement	http://iga.in.gov/static-documents/a/6/e/2/a6e2083c/HB1011.04.COMS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/6/4/7/1/64711d13/HB1011.04.COMS.FN002.pdf
Supplement	http://iga.in.gov/static-documents/9/b/d/b/9bdb420b/HB1011.04.COMS.FN003.pdf
Supplement	http://iga.in.gov/static-documents/6/5/0/5/65050a46/HB1011.05.ENRS.FN001.pdf
Roll Call	http://iga.in.gov/static-documents/9/a/8/1/9a819cc1/HB1011.01.INTR.00.pdf
Roll Call	http://iga.in.gov/static-documents/7/2/b/f/72bfd9f7/HB1011.22_H.pdf
Roll Call	http://iga.in.gov/static-documents/e/b/3/1/eb311f85/HB1011.03.ENGH.00.pdf
Roll Call	http://iga.in.gov/static-documents/e/d/3/6/ed36ae23/HB1011.213_S.pdf