KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB289 • 2026

A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.

A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Senator Kyle Walker
Last action
2026-01-22
Official status
Senate Bill (S)
Effective date
Not listed

Plain English Breakdown

The exact impact and implementation details are not fully specified in the provided summary.

Changes for Public Depositories

This bill allows Indiana counties to treat nearby banks as non-local if there are two or fewer local banks willing to hold public money, and permits the finance board to choose other banks outside the county.

What This Bill Does

  • If two or fewer financial institutions with branches or main offices in a county or contiguous county agree to accept public funds, the county's finance board can treat those institutions as if they were not local.
  • The bill allows the finance board to designate certain financial institutions outside of the county to receive public funds.

Who It Names or Affects

  • Counties in Indiana
  • Financial institutions with branches or main offices in a county or contiguous county

Terms To Know

Public depositories
Banks that hold public money, like tax dollars and other government funds.
Board of finance
The group in charge of managing a county's financial matters.

Limits and Unknowns

  • It is not clear how many counties will be affected by this change.
  • The bill does not specify what happens if no banks are willing to accept public funds.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SB0289.01.INTR.AMS04

Committee Introduced Senate Bill (S) • Senator Scott Baldwin

Filed

Plain English: The amendment proposes to change the Indiana Code regarding county administration.

  • Modifies provisions of the Indiana Code concerning state and local administration, specifically targeting changes for counties.
  • The official text does not provide specific details about what exact changes will be made to the Indiana Code.

Bill History

  1. 2026-01-22 Senate

    Committee report: amend do pass, adopted

  2. 2026-01-15 Senate

    Senator Randolph added as coauthor

  3. 2026-01-12 Senate

    Authored by Senators Walker K, Baldwin

  4. 2026-01-12 Senate

    First reading: referred to Committee on Insurance and Financial Institutions

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.
Public depositories.

Current Bill Text

Read the full stored bill text 
A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.

Public depositories.

Provides that if two or fewer financial institutions that have a branch or principal office in a county or in a county contiguous to the county that is located in Indiana are willing to accept public funds, the board of finance for the county may: (1) treat the financial institutions that are located within the county or a county contiguous to the county that is located in Indiana as if the financial institutions were not located within the county or a county contiguous to the county; and (2) designate certain financial institutions to receive public funds. Makes conforming changes.