HB 2419

Before adopting an annexation ordinance, this bill requires a municipality to s ubmit to the county legislative body in which the territory proposed for annexation is located ( i ) a financial impact study, detailing the short-term and long-term effects on county infrastructure, public services, schools, and county taxpayers; and ( ii ) a statement of financial viability, demonstrating the municipality's capacity to provide services to the annexed area, including water, sewer, roads, police, fire, and other obl igations . Additionally, the municipality must obtain approval of such annexation by majority vote of the county legislative body. However, this bill does not apply to the annexation of a single, contiguous lot of five acres or less , and does not preempt any interlocal agreements or growth plans . This bill provides that t he county legislative body has at least 60 calendar days to review the documentation and vote on the proposed annexation. A county legislative body's failure to act within 60 days does not constitute approval. If a county legislative body has not approved the annexation within 90 days of the submission , then the annexation is deemed denied. This bill requires the comptroller of the treasury to prescribe the form and content of the financial impact study and statement of financial viability .