LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS FISCAL IMPACT STATEMENT LS 7621 NOTE PREPARED: Feb 4, 2025 BILL NUMBER: HB 1472 BILL AMENDED: SUBJECT: Annexation of Residential Development. FIRST AUTHOR: Rep. Steuerwald BILL STATUS: CR Adopted - 1 st House FIRST SPONSOR: FUNDS AFFECTED: GENERAL IMPACT: Local DEDICATED FEDERAL Summary of Legislation: This bill allows the town of Plainfield in Hendricks County to annex: (1) a noncontiguous residential development; and (2) the right-of-way of a public highway connecting the development to the town. It provides that the annexation is initiated by: (1) the homeowner's association board petitioning the town legislative body for annexation of the residential development; and (2) the town legislative body adopting a resolution approving initiation of the annexation process. Effective Date: July 1, 2025. Explanation of State Expenditures: Explanation of State Revenues: Explanation of Local Expenditures: This bill’s provision may potentially increase the administrative workload for the town of Plainfield’s legislative body since it would expand the ability to petition for annexation of a noncontiguous residential development and the public highway that connects the residential development to include a homeowner’s association. Actual impact would be contingent on the level of residential subdivision development activity in the unincorporated areas of Hendricks County adjacent to the town of Plainfield and the decision of homeowner’s associations connected to these developments. Explanation of Local Revenues: State Agencies Affected: Local Agencies Affected: Town of Plainfield. Information Sources: Fiscal Analyst: James Johnson, 317-232-9869. HB 1472 1