Indiana 2025 2025 Regular Session

Indiana House Bill HB1441 Introduced / Fiscal Note

Filed 01/14/2025

                    LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7320	NOTE PREPARED: Jan 8, 2025
BILL NUMBER: HB 1441	BILL AMENDED: 
SUBJECT: Bank Accounts for Foster Children.
FIRST AUTHOR: Rep. Campbell	BILL STATUS: As Introduced
FIRST SPONSOR: 
FUNDS AFFECTED:XGENERAL	IMPACT: State & Local
DEDICATED
FEDERAL
Summary of Legislation: This bill provides that a foster youth who is at least 16 years of age is legally
competent to enter into a contract with a bank or trust company to open a savings or checking account in the
foster youth's name with the consent of: (1) the Department of Child Services; or (2) a juvenile court with
jurisdiction over the foster youth.
Effective Date:  July 1, 2025.
Explanation of State Expenditures: The bill may increase workload for the Department of Child Services
to the extent a foster youth wants to open a checking account. The increase in workload is expected to be
accomplished within existing resources.   
Explanation of State Revenues: 
Explanation of Local Expenditures: The bill may increase workload for a juvenile court with jurisdiction
to the extent a foster youth wants to open a checking account. The increase in workload is expected to be
accomplished within existing resources. 
Explanation of Local Revenues: 
State Agencies Affected: Department of Child Services.  
Local Agencies Affected: Juvenile courts. 
Information Sources: 
Fiscal Analyst: Nate Bodnar,  317-234-9476.
HB 1441	1