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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SB292 • 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.

Education
Passed Legislature

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

Sponsor
Senator Mark Spencer
Last action
2026-01-12
Official status
Introduced Senate Bill (S)
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details about how much money can be loaned or if there are limits on the number of loans.

Reinstating Loans from Common School Fund

This bill reinstates and extends provisions for loans or advances from the common school fund for the Gary Community School Corporation until January 1, 2028.

What This Bill Does

  • Restores previous rules about loan extensions for the Gary Community School Corporation that ended on January 1, 2025.
  • Extends the time when these rules can be used until January 1, 2028.

Who It Names or Affects

  • The Gary Community School Corporation
  • State agencies involved in managing the common school fund

Terms To Know

Common School Fund
A financial resource used by Indiana to support public education.
Gary Community School Corporation
An organization that manages schools in Gary, Indiana.

Limits and Unknowns

  • The bill does not specify how much money can be loaned.
  • It is unclear if there are any limits on the number of loans or advances allowed.

Bill History

  1. 2026-01-12 Senate

    Authored by Senator Spencer

  2. 2026-01-12 Senate

    First reading: referred to Committee on Education and Career Development

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.
Loans from the common school fund.

Current Bill Text

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

Loans from the common school fund.

Reinstates retroactively provisions that apply with regard to an extension of the term of loans or advances from the common school fund for the Gary Community School Corporation, which expired January 1, 2025. Extends the expiration date to January 1, 2028.