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 6949 NOTE PREPARED: Feb 1, 2024 BILL NUMBER: HB 1376 BILL AMENDED: Jan 31, 2024 SUBJECT: School Controlled Project Referendum. FIRST AUTHOR: Rep. Behning BILL STATUS: As Passed House FIRST SPONSOR: Sen. Freeman FUNDS AFFECTED:XGENERAL IMPACT: State & Local DEDICATED FEDERAL Summary of Legislation: The bill provides that a local public question authorizing a school corporation to impose property taxes to pay debt service on bonds or lease rentals on a lease for a specified controlled project may be placed on the ballot only at a general election or municipal general election. Effective Date: July 1, 2024. Explanation of State Expenditures: The Election Division may need to update election publications and informational materials to inform of the bill’s proposed changes. It is likely any needed revisions would be able to be incorporated during the publication of next year’s informational materials within existing resources as a routine matter of business. Explanation of State Revenues: Explanation of Local Expenditures: It is likely this provision would amount to little change to local election expenditures when a school corporation specified controlled projects referenda is placed on the ballot for a general election. Explanation of Local Revenues: State Agencies Affected: Election Division. Local Agencies Affected: Counties. HB 1376 1 Information Sources: Fiscal Analyst: Chris Baker, 317-232-9851. HB 1376 2