Senate Resolution No. 42 Summary

• Urges the Indiana Legislative Council to assign the "Compact for a Balanced Budget Amendment" topic to an appropriate interim study committee for further review and analysis.

• Notes that Alaska, Arizona, Georgia, Mississippi, and North Dakota have already enacted laws adopting the Compact, and Indiana has been urged to do the same.

• Identifies significant legal questions regarding Indiana's ability to enter into the Compact that require study.

• Directs the interim study committee to examine eight specific issues, including whether the General Assembly may apply to Congress for an Article V convention, whether Indiana's delegate selection process under IC 2-8.2 can be incorporated, potential conflicts with state sovereignty, costs to the state, and delegate voting discretion.

• Committee on Tax and Fiscal Policy recommended passage on February 27, 2018, with a vote of 6 Yeas and 3 Nays.