Indiana SB 188

Prohibits a municipality from charging parking fees at a municipally owned parking lot at a municipal park beach on Lake Michigan, unless the municipality has: (1) a lifeguard on duty at the beach during the hours that swimming is allowed; and (2) public rescue equipment installed on any pier or public access site of the municipality. Allows a municipality to charge parking fees without satisfying the lifeguard requirement while notes, bonds, leases, or other obligations are outstanding that the municipality: (1) issued, incurred, or entered into before July 1, 2026; and (2) pays or pledged to pay from parking fee revenues. Prohibits a municipality from pledging or using parking fees to pay bonds, leases, or other debt obligations issued, incurred, or entered into after June 30, 2026.