Cancels a 2023 loan from Indiana's counter-cyclical fund to the city of Hobart and exempts Hobart from further payments.

Indiana Senate Bill 165 cancels a 2023 loan from the state's counter-cyclical revenue and economic stabilization fund to the city of Hobart. The bill also exempts Hobart from making any further payments to the state in satisfaction of the loan. The loan was intended to refund certain bonds and offset property tax revenue shortfalls. The bill's provisions take effect retroactively on January 15, 2026, and expire on December 31, 2026.

Cancels a 2023 loan from Indiana's counter-cyclical fund to the city of Hobart and exempts Hobart from further payments.

Indiana Senate Bill 165 cancels a 2023 loan from the state's counter-cyclical revenue and economic stabilization fund to the city of Hobart. The bill also exempts Hobart from making any further payments to the state in satisfaction of the loan. The loan was intended to refund certain bonds and offset property tax revenue shortfalls. The bill's provisions take effect retroactively on January 15, 2026, and expire on December 31, 2026.