Indiana Senate Bill 244 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Engrossed on February 23 2021 - 50% progression, died in committee
Action: 2021-03-04 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]

State and local audit examinations. Provides that after June 30, 2021, a political subdivision may not issue or guarantee a debt obligation until the fiscal officer of the political subdivision has: (1) prepared a debt capacity analysis report (report) on a standard form prescribed by the SBOA with the assistance of the department of local government finance; and (2) presented the report to the fiscal body of the political subdivision in a public hearing. Provides that after June 30, 2021, political subdivisions must provide information concerning pledges, covenants, and agreements that they have made to secure or guarantee a financial obligation of another person to the department of local government finance in the form and on the schedule specified by the department made. Requires the state board of accounts to establish standards for the state and political subdivisions that require disclosure of pledges, covenants, and agreements that have been made to secure or guarantee a financial obligation of another person, including guarantees for private bond issues of private companies. Specifies that the standards must be consistent with generally accepted governmental accounting principles. In reporting periods beginning after June 30, 2021, requires the state and political subdivisions to include the disclosures in the notes of the entity's annual financial statements.

State and local audit examinations.

Sen. James Buck [R]	Sen. Philip Boots [R]	Sen. Greg Walker [R]	Sen. Lonnie Randolph [D]
Rep. Timothy Brown [R]	Rep. Matthew Lehman [R]

2021-02-22 - Senate - Senate Floor - (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]
2021-02-09 - Senate - Senate - Committee Vote (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-03-04	House	First reading: referred to Committee on Ways and Means
2021-02-23	Senate	Referred to the House
2021-02-22	Senate	Cosponsor: Representative Lehman
2021-02-22	Senate	House sponsor: Representative Brown T
2021-02-22	Senate	Third reading: passed; Roll Call 153: yeas 49, nays 0
2021-02-22	Senate	Senator Randolph added as coauthor
2021-02-18	Senate	Amendment #1 (Buck) prevailed; voice vote
2021-02-18	Senate	Second reading: amended, ordered engrossed
2021-02-11	Senate	Senator Walker G added as third author
2021-02-09	Senate	Senator Boots added as second author
2021-02-09	Senate	Committee report: do pass, adopted
2021-01-11	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2021-01-11	Senate	Authored by Senator Buck

Type	Source
Summary	https://iga.in.gov/legislative/2021/bills/senate/244/details
Text	http://iga.in.gov/static-documents/4/8/b/e/48be7d04/SB0244.01.INTR.pdf
Text	http://iga.in.gov/static-documents/e/2/b/e/e2bea224/SB0244.01.INTR.pdf
Text	http://iga.in.gov/static-documents/3/0/9/3/30931314/SB0244.02.COMS.pdf
Text	http://iga.in.gov/static-documents/6/4/3/0/64304763/SB0244.03.ENGS.pdf
Amendment	http://iga.in.gov/static-documents/e/9/f/9/e9f98989/SB0244.02.COMS.AMS001.pdf
Supplement	http://iga.in.gov/static-documents/c/8/2/d/c82d444f/SB0244.01.INTR.FN001.pdf
Supplement	http://iga.in.gov/static-documents/2/b/6/0/2b60947f/SB0244.02.COMS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/e/f/1/f/ef1f605f/SB0244.01.INTR.CRS001.pdf
Supplement	http://iga.in.gov/static-documents/a/d/1/1/ad118337/SB0244.03.ENGS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/4/b/e/6/4be6028b/SB0244.03.ENGS.FN002.pdf
Roll Call	http://iga.in.gov/static-documents/2/2/b/0/22b0e853/SB0244.01.INTR.01.pdf
Roll Call	http://iga.in.gov/static-documents/5/a/4/7/5a472b2b/SB0244.153_S.pdf