Fabio
89 lines
5.2 KiB
Markdown
89 lines
5.2 KiB
Markdown
---
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type: "Bill"
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title: "Sale of capital asset."
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description: "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."
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jurisdiction: "us/states/in"
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legislature: "Indiana General Assembly"
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session: "2022"
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identifier: "HB 1011"
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citation: "Indiana HB 1011 (2022)"
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classification: ["bill"]
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subjects: ["CITIES AND TOWNS"]
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status: "enacted"
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primary_sponsors: ["Ed Charbonneau", "Mike Aylesworth", "Rick Niemeyer"]
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version_count: 5
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action_count: 22
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vote_count: 1
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first_action: "2022-01-04"
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last_action: "2022-03-18"
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source: "openstates"
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source_identifier: "ocd-bill/e93ac01c-a5ce-4ce0-926f-c1505e83cad4"
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source_url: "http://iga.in.gov/legislative/2022/bills/house/1011"
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source_hash: "5f429f4ab9fd119d8491fa499763c32b06b1b97b91099b61c5c0dd176f8361ea"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-in"]
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---
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# Indiana HB 1011 (2022) — Sale of capital asset.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Engrossed House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1011/versions/HB1011.03.ENGH)
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2. **Enrolled House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1011/versions/HB1011.05.ENRS)
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3. **House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1011/versions/HB1011.02.COMH)
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4. **House Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1011/versions/HB1011.04.COMS)
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5. **Introduced House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1011/versions/HB1011.01.INTR)
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## Votes
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- HB 1011 - Niemeyer - 3rd Reading — **47–0** (pass) · upper
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## Sponsors
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- Ed Charbonneau — primary (person)
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- Mike Aylesworth — primary (person)
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- Rick Niemeyer — primary (person)
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- Harold Slager — coauthor (person)
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- Julie Olthoff — coauthor (person)
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- Lonnie Randolph — cosponsor (person)
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- Mike Andrade — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-01-04** Authored by Representative Aylesworth
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- **2022-01-04** First reading: referred to Committee on Ways and Means `reading-1, referral-committee`
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- **2022-01-10** Committee report: do pass, adopted `committee-passage`
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- **2022-01-12** Representatives Olthoff and Slager added as coauthors
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- **2022-01-13** Amendment #1 (Aylesworth) prevailed; voice vote `amendment-failure, amendment-passage`
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- **2022-01-13** Second reading: amended, ordered engrossed `reading-2`
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- **2022-01-18** Third reading: passed; Roll Call 22: yeas 90, nays 0 `passage, reading-3`
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- **2022-01-18** Representative Andrade M added as coauthor
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- **2022-01-18** Senate sponsor: Senator Niemeyer
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- **2022-01-19** Referred to the Senate
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- **2022-02-01** First reading: referred to Committee on Appropriations `reading-1, referral-committee`
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- **2022-02-14** Committee report: do pass, adopted `committee-passage`
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- **2022-02-17** Second reading: ordered engrossed `reading-2`
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- **2022-02-21** Third reading: passed; Roll Call 213: yeas 47, nays 0 `passage, reading-3`
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- **2022-02-21** Senator Charbonneau added as second sponsor
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- **2022-02-22** Senator Randolph added as cosponsor
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- **2022-02-22** Returned to the House without amendments
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- **2022-02-24** Signed by the President Pro Tempore
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- **2022-02-24** Signed by the Speaker
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- **2022-03-15** Signed by the President of the Senate
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- **2022-03-18** Signed by the Governor `executive-signature`
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- **2022-03-18** Public Law 157
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e93ac01c-a5ce-4ce0-926f-c1505e83cad4`. Confidence: reported (aggregated from official Indiana legislature records).
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