LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7287 NOTE PREPARED: Jan 10, 2025
BILL NUMBER: SB 466 BILL AMENDED:
SUBJECT: Military Base Infrastructure Grant Program.
FIRST AUTHOR: Sen. Bassler BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
XDEDICATED
FEDERAL
Summary of Legislation: The bill establishes the Indiana Military Base Infrastructure Grant Program for
physical infrastructure projects located on current or proposed Indiana military bases.
The bill provides that the:
(1) Indiana Defense Task Force, in consultation with the Indiana Economic Development
Corporation (IEDC), shall develop policies and guidelines regarding the application process for the
program; and
(2) IEDC shall administer the program.
The bill provides that the Budget Committee must make a recommendation to the Budget Agency on whether
to approve a proposed grant. The bill requires the Budget Agency to approve a proposed grant before the
grant may be awarded.
The bill makes an appropriation.
Effective Date: Upon passage; July 1, 2025.
Explanation of State Expenditures: Indiana Military Base Infrastructure Grant Program: The bill
establishes the Indiana Military Base Infrastructure Grant Program, which would be administered by the
IEDC. The bill's requirements represent an additional workload and expenditure on the IEDC. The IEDC can
use money appropriated for the program to cover the additional expenses.
The bill requires the Indiana Defense Task Force, in consultation with the IEDC, to develop policies and
guidelines for grant application. Before the IEDC may allocate money for grants, the IEDC would submit
grant proposals to the Budget Committee to make recommendations to the Budget Agency, and the Budget
Agency must approve the proposals. These requirements are within the agencies' routine functions and should
be able to be implemented using existing resources.
Indiana Military Base Infrastructure Grant Fund: The bill establishes the nonreverting Indiana Military Base
SB 466 1 Infrastructure Grant Fund, which would be administered by the IEDC. The fund consists of appropriations
from the General Assembly and interest. Money in the fund may be used for grants approved by the Budget
Agency and the IEDC's administrative expenses incurred to administer the fund and the program. The bill
appropriates $25 M to the fund in FY 2026 and $25 M in FY 2027.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: Indiana Economic Development Corporation; Indiana Defense Task Force; State
Budget Agency.
Local Agencies Affected:
Information Sources:
Fiscal Analyst: Qian Li, 317-232-9671.
SB 466 2