LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7196 NOTE PREPARED: Jan 2, 2025
BILL NUMBER: SB 445 BILL AMENDED:
SUBJECT: Homeowners Association Matters.
FIRST AUTHOR: Sen. Ford J.D. BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: This bill provides that the governing documents of a homeowners association
(HOA) may authorize any vote to be conducted by electronic means. It requires an HOA to send certain
notices to members of the HOA. It also requires an HOA to send a certain notice to the Attorney General.
This bill requires an HOA to create and maintain a website that includes certain information.
This bill requires the Attorney General to establish a training course that members of a HOA must complete.
Effective Date: July 1, 2025.
Explanation of State Expenditures: Attorney General: This bill requires the Attorney General or their
designee establish an online mandatory training course that new members of an HOA board must complete
within their first year of being on the board. The Attorney General would be required to adopt rules in order
to implement this training course. These requirements represent an additional workload [and/or expenditure]
on the agency outside of the agency’s routine administrative functions, and existing staffing and resource
levels, if currently being used to capacity, may be insufficient for full implementation. The additional funds
and resources required could be supplied through existing staff and resources currently being used in another
program or with new appropriations. Ultimately, the source of funds and resources required to satisfy the
requirements of this bill will depend on legislative and administrative actions.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: Office of the Attorney General.
Local Agencies Affected:
SB 445 1 Information Sources:
Fiscal Analyst: James Johnson, 317-232-9869.
SB 445 2