Indiana 2023 Regular Session Status: Enacted 3 R cosponsors

HB 1316 — IFA approval and revolving loan programs.

Last action — Signed by the Governor

  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 12, 2023. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 56% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    3 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Provides that a participant may issue and sell bonds to the Indiana finance authority (authority) without the requirement of an increase to the user rates and charges of the participant. Provides that the bonds must be issued under a resolution or ordinance and the proceeds must be used to carry out the purposes allowed by the program. Defines the term "independent evaluator" for purposes of non-revenue water audits. Requires a water utility to annually perform an audit of its water distribution system through the use of the latest version of the American Water Works Association's free water audit software or other methodology software to determine the causes of the water utility's non-revenue water. Provides that the issuance, by the ports of Indiana, of both taxable and tax exempt revenue bonds of the state, payable solely from revenues for the purpose of paying all or any part of the cost of a port or project, is subject to the prior approval of the authority. Provides for the appointment of a nine member board of directors of the Indiana Secondary Market for Education Loans, Inc. (ISMEL). Provides that ISMEL may only borrow money after consulting with the authority not less than three months before ISMEL begins the process of borrowing money. Requires ISMEL to, at least 30 days prior to the issuance or placement of any bond, note, or other instrument, report to the budget committee the estimated amount of the bonds.

Bill Text

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

Read HB 1316 on the official Indiana source →

Action History

  1. Signed by the Governor

  2. Public Law 224

  3. Signed by the Speaker

  4. Signed by the President Pro Tempore

  5. Signed by the President of the Senate

  6. Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 508: yeas 49, nays 0

  7. Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 525: yeas 88, nays 0

  8. CCR # 1 filed in the Senate

  9. CCR # 1 filed in the House

  10. Senate advisors appointed: Melton and Koch

  11. Senate conferees appointed: Charbonneau and Qaddoura

  12. House advisors appointed: O'Brien and Pfaff

  13. House conferees appointed: Miller D and Harris

  14. House dissented from Senate amendments

  15. Motion to dissent filed

  16. Returned to the House with amendments

  17. Third reading: passed; Roll Call 436: yeas 50, nays 0

  18. Second reading: amended, ordered engrossed

  19. Amendment #1 (Baldwin) prevailed; voice vote

  20. Committee report: amend do pass, adopted

  21. Senator Koch added as second sponsor

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

  23. Referred to the Senate

  24. Senate sponsor: Senator Charbonneau

  25. Title Amended

  26. Third reading: passed; Roll Call 127: yeas 93, nays 0

  27. Second reading: ordered engrossed

  28. Committee report: amend do pass, adopted

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

  30. Authored by Representative Miller D

Sponsors

Sponsorship breakdown

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3 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (3)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"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 transportation education
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 1316 do?
Provides that a participant may issue and sell bonds to the Indiana finance authority (authority) without the requirement of an increase to the user rates and charges of the participant. Provides that the bonds must be issued under a resolution or ordinance and the proceeds must be used to carry out the purposes allowed by the program. Defines the term "independent evaluator" for purposes of non-revenue water audits. Requires a water utility to annually perform an audit of its water distribution system through the use of the latest version of the American Water Works Association's free water audit software or other methodology software to determine the causes of the water utility's non-revenue water. Provides that the issuance, by the ports of Indiana, of both taxable and tax exempt revenue bonds of the state, payable solely from revenues for the purpose of paying all or any part of the cost of a port or project, is subject to the prior approval of the authority. Provides for the appointment of a nine member board of directors of the Indiana Secondary Market for Education Loans, Inc. (ISMEL). Provides that ISMEL may only borrow money after consulting with the authority not less than three months before ISMEL begins the process of borrowing money. Requires ISMEL to, at least 30 days prior to the issuance or placement of any bond, note, or other instrument, report to the budget committee the estimated amount of the bonds.
Who sponsors HB 1316?
HB 1316 is sponsored by Eric Koch (Republican), Ed Charbonneau (Republican), and Doug Miller (Republican).
What is the current status of HB 1316?
This bill has been enacted into law. Introduced January 12, 2023. Enacted.
Where can I track HB 1316?
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Last checked for changes 3 months ago · updated continuously

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