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 6465 NOTE PREPARED: Feb 13, 2024
BILL NUMBER: SB 139 BILL AMENDED: Feb 13, 2024
SUBJECT: Psilocybin Treatment Program.
FIRST AUTHOR: Sen. Charbonneau BILL STATUS: CR Adopted - 2
nd
House
FIRST SPONSOR: Rep. Carbaugh
FUNDS AFFECTED: GENERAL IMPACT: State
XDEDICATED
FEDERAL
Summary of Legislation: The bill establishes the Therapeutic Psilocybin Research Fund, administered by
the Indiana State Department of Health (IDOH), to provide financial assistance to research institutions in
Indiana to study the use of psilocybin to treat mental health and other medical conditions. It sets forth clinical
study requirements. The bill requires a research institution that receives a grant to conduct a clinical study
to prepare and submit a report to the Interim Study Committee on Public Health, Behavioral Health, and
Human Services, the IDOH, and the Division of Mental Health and Addiction.
Effective Date: Upon passage.
Explanation of State Expenditures: The bill establishes the nonreverting Therapeutic Psilocybin Research
Fund (Fund) to provide financial assistance to research institutions in Indiana that receive a grant to conduct
clinical studies on the use of Psilocybin as an alternative treatment for mental health and other medical
conditions. The Fund would be administered by the IDOH and would consist of money received from state
or federal grants and programs, gifts, donations, or transfers made to the Fund. Expenditures needed by the
IDOH to administer the Fund would be paid from money in the Fund. Money within the Fund would be
continuously appropriated for psilocybin research as described within the bill. [The IDOH’s administrative
expenditures are currently paid from the Tobacco Master Settlement Fund, a dedicated fund.]
Any increase in General Fund expenditures would depend upon the level of appropriations made to the Fund
by future acts of the General Assembly. The IDOH would be required to establish the administration process
for the Fund and applications to the Fund by July 1, 2024.
Explanation of State Revenues:
SB 139 1 Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: General Assembly; Indiana Department of Health; Office of Medicaid Policy and
Planning, Family and Social Services Administration.
Local Agencies Affected:
Information Sources:
Fiscal Analyst: Chris Baker, 317-232-9851.
SB 139 2