LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6676 NOTE PREPARED: Dec 27, 2021
BILL NUMBER: HB 1211 BILL AMENDED:
SUBJECT: Request for Information on Blockchain Technology.
FIRST AUTHOR: Rep. Teshka BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
XDEDICATED
FEDERAL
Summary of Legislation: This bill has the following provisions:
(1) Provides that not later than October 1, 2022, the Indiana Department of Administration (IDOA) shall
issue a request for information for purposes of exploring how the use of blockchain technology could be used
by a state agency to: (a) achieve greater cost-efficiency and cost-effectiveness; and (b) improve consumer
convenience, experience, data security, and data privacy.
(2) Requires the IDOA to compile a report concerning the request for information and submit the report to
the Legislative Council in an electronic format not later than March 1, 2023.
(3) Defines "blockchain technology" and "distributed ledger technology".
Effective Date: July 1, 2022.
Explanation of State Expenditures: This bill will increase the workload of the IDOA to issue a request for
information (RFI) concerning blockchain technology and deliver the required report. Additionally, the bill
will increase the workload of the Secretary of State, Bureau of Motor Vehicles, as well as other state
agencies who either want to participate in the RFI or are identified by an RFI respondent as possibly
benefitting from blockchain technology.
The bill’s requirements represent an additional workload on the agency outside of the agency’s routine
administrative functions, and existing staffing and resource levels, if currently being used to capacity, may
be insufficient for full implementation. The additional funds and resources required could be supplied
through existing staff and resources currently being used in another program or with new appropriations.
Ultimately, the source of funds and resources required to satisfy the requirements of this bill will depend on
HB 1211 1 legislative and administrative actions. For FY 2021, the IDOA reverted approximately $2.5 M to the General
Fund, which accounted for 6% of the agency’s FY 2021 appropriation.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: IDOA, Secretary of State, Bureau of Motor Vehicles.
Local Agencies Affected:
Information Sources: State Budget Agency FY 2021 Closeout Statement.
Fiscal Analyst: Bill Brumbach, 317-232-9559.
HB 1211 2