Indiana 2022 Regular Session Status: Enacted Bipartisan · 5 R · 2 D cosponsors

HB 1011 — Sale of capital asset.

Last action — Public Law 157

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

This bill has been enacted into law. Introduced January 04, 2022. Enacted.

Prognosis

Likely to advance 78% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 7 sponsors

    3 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (5 R · 2 D) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

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.

Bill Text

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

Read HB 1011 on the official Indiana source →

Action History

  1. Public Law 157

  2. Signed by the Governor

  3. Signed by the President of the Senate

  4. Signed by the Speaker

  5. Signed by the President Pro Tempore

  6. Returned to the House without amendments

  7. Senator Randolph added as cosponsor

  8. Senator Charbonneau added as second sponsor

  9. Third reading: passed; Roll Call 213: yeas 47, nays 0

  10. Second reading: ordered engrossed

  11. Committee report: do pass, adopted

  12. First reading: referred to Committee on Appropriations

  13. Referred to the Senate

  14. Senate sponsor: Senator Niemeyer

  15. Representative Andrade M added as coauthor

  16. Third reading: passed; Roll Call 22: yeas 90, nays 0

  17. Second reading: amended, ordered engrossed

  18. Amendment #1 (Aylesworth) prevailed; voice vote

  19. Representatives Olthoff and Slager added as coauthors

  20. Committee report: do pass, adopted

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

  22. Authored by Representative Aylesworth

Sponsors

Sponsorship breakdown

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3 sponsors · 4 co-sponsors · 143 not signed on

Sponsors (3)

Co-sponsors (4)

Not signed on (143)

143 members have not signed on to this bill.

Show all 143 →

"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 HB 1011 do?
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.
Who sponsors HB 1011?
HB 1011 is sponsored by Mike Aylesworth (Republican), Julie Olthoff (Republican), Harold Slager (Republican), Mike Andrade (Democrat), Rick Niemeyer (Republican), Ed Charbonneau (Republican), and Lonnie Randolph (Democrat).
What is the current status of HB 1011?
This bill has been enacted into law. Introduced January 04, 2022. Enacted.
Where can I track HB 1011?
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Last checked for changes 3 months ago · updated continuously

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