Fiscal Note - SJR 007 - Allows Local Governments To Form Joint Municipal Utility Commissions For Sewer Projects
L.R. NO. 1006-01
BILL NO. SJR 7
SUBJECT: Constitutional Amendments: Bond Authority
TYPE: Original
DATE: January 24, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
General Revenue $0 ($63,000) $0
Total Estimated
Net Effect on All
State Funds $0 ($63,000) $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
Advertisement costs for the proposal would be $3,990 per newspaper column
inch for three publications of the text of the proposal, the introduction,
title, fiscal note summary, and affidavit. The proposal would be on the
ballot for the November 1998 general election.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
Cost to General Revenue Fund
Secretary of State
Newspaper Advertisements ($63,000)
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
0 0 0
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
This proposal would add revenue producing sewage treatment plants to the list
of projects for which municipalities or joint boards or commissions may issue
revenue bonds and would remove water works from the list of revenue-producing
entities which must be regulated as public utilities by the Public Service
Commission in order to be constructed or improved by municipalities or joint
boards or commissions.
This legislation is not federally mandated, would not duplicate any other
program, would not require additional capital improvements or rental space,
and would not affect total state revenue.
SOURCES OF INFORMATION
Department of Economic Development - Public Service Commission; Office of
Public Counsel
Secretary of State
This Fiscal Note is not an official copy and should not be quoted or cited.