Indiana 2021 Regular Session Status: Passed Senate Bipartisan · 4 R · 1 D cosponsors

SB 244 — State and local audit examinations.

Last action — First reading: referred to Committee on Ways and Means

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 244 on the official Indiana source →

Action History

  1. First reading: referred to Committee on Ways and Means

  2. Referred to the House

  3. Cosponsor: Representative Lehman

  4. House sponsor: Representative Brown T

  5. Third reading: passed; Roll Call 153: yeas 49, nays 0

  6. Senator Randolph added as coauthor

  7. Second reading: amended, ordered engrossed

  8. Amendment #1 (Buck) prevailed; voice vote

  9. Senator Walker G added as third author

  10. Senator Boots added as second author

  11. Committee report: do pass, adopted

  12. First reading: referred to Committee on Tax and Fiscal Policy

  13. Authored by Senator Buck

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

4 sponsors · 2 co-sponsors · 144 not signed on

Sponsors (4)

Co-sponsors (2)

Not signed on (144)

144 members have not signed on to this bill.

Show all 144 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 244 do?
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.
Who sponsors SB 244?
SB 244 is sponsored by James Buck (Republican), Philip Boots, Greg Walker (Republican), Lonnie Randolph (Democrat), Matt Lehman (Republican), and Liz Brown (Republican).
What is the current status of SB 244?
This bill died with 2021 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 244?
Track SB 244 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 244

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 244

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →