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 6767 NOTE PREPARED: Jan 11, 2022
BILL NUMBER: SB 157 BILL AMENDED:
SUBJECT: Disposition of Real Property by INDOT.
FIRST AUTHOR: Sen. Crider BILL STATUS: CR Adopted - 1
st
House
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
XDEDICATED
FEDERAL
Summary of Legislation: This bill has the following provisions:
(1) Provides that an agency real estate professional may determine the fair market value of real property the
Indiana Department of Transportation (INDOT) owns and is seeking to sell under certain conditions and
makes conforming changes.
(2) Provides that real property shall be appraised prior to acquisition by INDOT, except under certain
conditions concerning donation and valuation of the real property.
(3) Requires INDOT to prepare a waiver valuation if an appraisal is unnecessary.
(4) Suspends certain rules for persons preparing or reviewing a waiver valuation.
(5) Provides that INDOT may sell real property without advertising or competitive bids under certain
circumstances.
(6) Extends the sunset of certain public-private agreement provisions from June 30, 2023, to June 30, 2031.
Effective Date: July 1, 2022.
Explanation of State Expenditures: Summary - The provisions of this bill impacting the disposition of
property are expected to decrease State Highway Fund costs by approximately $150,000 per year. Extending
the sunset on public-private partnerships (PPPs) is not expected to have any immediate impact on PPPs.
Additional Information -
Disposition of Property: Under this bill, property that INDOT sets for disposition that is estimated to be
valued above $5,000 and less than $10,000 will no longer require an appraisal. As a result, State Highway
SB 157 1 Fund expenditures could decrease to finance less appraisals.
INDOT reports that an average of 32 properties per year over the past three fiscal years have been disposed
between this value range, resulting in approximately $150,000 in appraisal costs.
Public Private Partnership Extension: This bill extends the current sunset on the ability of the Indiana
Finance Authority (IFA) and the Indiana Department of Transportation (INDOT) to enter into public-private
partnerships (PPPs) without the approval of the General Assembly from June 30, 2023, to June 30, 2031.
Extending this sunset is not expected to impact any current PPPs the IFA and INDOT have entered. Absent
this change, any future PPPs would require legislative approval to authorize such an agreement.
The types of PPPs covered by the bill are (1) certain construction projects that begin after June 30, 2011, (2)
the addition of toll lanes to currently existing sections of highways, roadways, or other facilities in existence
on July 1, 2011, (3) the Illiana Expressway, and (4) a project located within a metropolitan planning area and
that connects the state of Indiana with Kentucky.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: INDOT, IFA.
Local Agencies Affected:
Information Sources: Andrea Zimmerman, INDOT.
Fiscal Analyst: Bill Brumbach, 317-232-9559.
SB 157 2