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 6038 NOTE PREPARED: Oct 13, 2023
BILL NUMBER: HB 1157 BILL AMENDED:
SUBJECT: Nondisclosure Agreements in Economic Development.
FIRST AUTHOR: Rep. Greene BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: No Fiscal Impact
DEDICATED
FEDERAL
Summary of Legislation: The bill provides that the Indiana Economic Development Corporation, the state,
any instrumentality of the state, or any other public authority, or any party negotiating on behalf of any of
those entities, may not, after June 30, 2024, enter into an economic development agreement or contract that
contains any provision, clause, or language that provides that the agreement or contract, or any of its terms,
is confidential, or that the parties to the agreement or contract are prohibited from disclosing, discussing,
describing, or commenting upon the terms of the agreement or contract.
Effective Date: July 1, 2024.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected:
Information Sources:
HB 1157 1 Fiscal Analyst: Qian Li, 317-232-9671.
HB 1157 2