Indiana 2025 2025 Regular Session

Indiana House Bill HB1441 Introduced / Fiscal Note

Filed 04/04/2025

                    LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7320	NOTE PREPARED: Apr 4, 2025
BILL NUMBER: HB 1441	BILL AMENDED: Mar 25, 2025
SUBJECT: Bank Accounts for Foster and Emancipated Youths.
FIRST AUTHOR: Rep. Campbell	BILL STATUS: Enrolled
FIRST SPONSOR: Sen. Walker K
FUNDS AFFECTED: GENERAL	IMPACT: Local
DEDICATED
FEDERAL
Summary of Legislation: This bill provides that a foster youth or emancipated youth is legally competent
to enter into a contract with a depository financial institution to open a savings or checking account in the
youth's name with the consent of a juvenile court with jurisdiction over the youth.
Effective Date:  July 1, 2025.
Explanation of State Expenditures:
Explanation of State Revenues: 
Explanation of Local Expenditures: The bill may increase workload for a juvenile court with jurisdiction
to the extent a qualified 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:
Local Agencies Affected: Juvenile courts. 
Information Sources: 
Fiscal Analyst: Nate Bodnar,  317-234-9476.
HB 1441	1