Fiscal Note - SB 0243 - Removes the Minimum Amount In Controversy Requirement in Arbitration Agreements
L.R. NO. 1034-01
BILL NO. Perfected SB 243
SUBJECT: Uniform Laws
TYPE: Original
DATE: March 4, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None
Total Estimated
Net Effect on All
State Funds $0 $0 $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
Officials from the Office of State Courts Administrator, the Department of
Labor (State Board of Mediation; Labor and Industrial Relations Commission),
and the Office of Administration (Administrative Hearing Commission) assume
the proposed legislation would have no fiscal impact on their agencies.
Officials from the City of St. Louis did not respond to our fiscal impact
request.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
$0 $0 $0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
$0 $0 $0
FISCAL IMPACT - Small Business
Small businesses could be impacted by this proposal, as it would allow them
to choose arbitration for disputes that previously would have required
litigation.
DESCRIPTION
The proposal would remove the requirement in arbitration agreements that the
amount in controversy be greater than the maximum amount allowed in small
claims court actions.
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
Department of Labor - State Board of Mediation; Labor and Industrial
Relations Commission
Office of Administration - Administrative Hearing Commission
NOT RESPONDING: City of St. Louis.
This Fiscal Note is not an official copy and should not be quoted or cited.