SB 0749 - Fiscal Note

Fiscal Note - SB 0749 - Summons Restricted in Abandoned Property Cases

L.R. NO.  2751-01
BILL NO.  SB 749
SUBJECT:  Courts:  Abandoned Property
TYPE:     Original
DATE:     January 19, 1996



                              FISCAL SUMMARY
                    ESTIMATED NET EFFECT ON STATE FUNDS


FUND AFFECTED              FY 1997             FY 1998           FY 1999
None

Total Estimated
Net Effect on All
State Funds                     $0                  $0                $0

                   ESTIMATED NET EFFECT ON FEDERAL FUNDS


FUND AFFECTED              FY 1997             FY 1998           FY 1999
None

Total Estimated
Net Effect on All
Federal Funds                   $0                  $0                $0

                    ESTIMATED NET EFFECT ON LOCAL FUNDS


FUND AFFECTED              FY 1997             FY 1998           FY 1999
Local Government                $0                  $0                $0


                              FISCAL ANALYSIS

ASSUMPTION

Officials from the Office of State Courts Administrator and the Office of the
Attorney General assume the proposed legislation would have no fiscal impact
on their respective budgets.

FISCAL IMPACT - State Government  FY 1997   FY 1998   FY 1999
                                 (10 Mo.)

                                       $0        $0        $0

FISCAL IMPACT  - Local Government FY 1997   FY 1998   FY 1999
                                 (10 Mo.)

                                       $0        $0        $0

DESCRIPTION

The proposed legislation would revise procedures for rehabilitating abandoned
property for low and moderate income housing purposes.  Only the owners of
record would be named as defendants (not all parties in interest).

This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.

SOURCES OF INFORMATION

Office of State Courts Administrator
Office of the Attorney General