republic-os/legislation/us/states/in/2022/hb-1011.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	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.	us/states/in	Indiana General Assembly	2022	HB 1011	Indiana HB 1011 (2022)	bill	CITIES AND TOWNS	enacted	Ed Charbonneau Mike Aylesworth Rick Niemeyer	5	22	1	2022-01-04	2022-03-18	openstates	ocd-bill/e93ac01c-a5ce-4ce0-926f-c1505e83cad4	http://iga.in.gov/legislative/2022/bills/house/1011	5f429f4ab9fd119d8491fa499763c32b06b1b97b91099b61c5c0dd176f8361ea	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-in

Indiana HB 1011 (2022) — 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.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Engrossed House Bill (H) (committee substitute) — source
2. Enrolled House Bill (H) (committee substitute) — source
3. House Bill (H) (committee substitute) — source
4. House Bill (S) (committee substitute) — source
5. Introduced House Bill (H) (committee substitute) — source

Votes

• HB 1011 - Niemeyer - 3rd Reading — 47–0 (pass) · upper

Sponsors

• Ed Charbonneau — primary (person)
• Mike Aylesworth — primary (person)
• Rick Niemeyer — primary (person)
• Harold Slager — coauthor (person)
• Julie Olthoff — coauthor (person)
• Lonnie Randolph — cosponsor (person)
• Mike Andrade — coauthor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2022-01-04 Authored by Representative Aylesworth
• 2022-01-04 First reading: referred to Committee on Ways and Means reading-1, referral-committee
• 2022-01-10 Committee report: do pass, adopted committee-passage
• 2022-01-12 Representatives Olthoff and Slager added as coauthors
• 2022-01-13 Amendment #1 (Aylesworth) prevailed; voice vote amendment-failure, amendment-passage
• 2022-01-13 Second reading: amended, ordered engrossed reading-2
• 2022-01-18 Third reading: passed; Roll Call 22: yeas 90, nays 0 passage, reading-3
• 2022-01-18 Representative Andrade M added as coauthor
• 2022-01-18 Senate sponsor: Senator Niemeyer
• 2022-01-19 Referred to the Senate
• 2022-02-01 First reading: referred to Committee on Appropriations reading-1, referral-committee
• 2022-02-14 Committee report: do pass, adopted committee-passage
• 2022-02-17 Second reading: ordered engrossed reading-2
• 2022-02-21 Third reading: passed; Roll Call 213: yeas 47, nays 0 passage, reading-3
• 2022-02-21 Senator Charbonneau added as second sponsor
• 2022-02-22 Senator Randolph added as cosponsor
• 2022-02-22 Returned to the House without amendments
• 2022-02-24 Signed by the President Pro Tempore
• 2022-02-24 Signed by the Speaker
• 2022-03-15 Signed by the President of the Senate
• 2022-03-18 Signed by the Governor executive-signature
• 2022-03-18 Public Law 157

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e93ac01c-a5ce-4ce0-926f-c1505e83cad4. Confidence: reported (aggregated from official Indiana legislature records).