This Fiscal Note is not an official copy and should not be quoted or cited.
This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0695 - Authorizes transfer of Southeast Missouri State University property to Cape Girardeau
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO. 2341-02
BILL NO. Truly Agreed To And Finally Passed SB 695
SUBJECT: Education, Higher: Easements and Conveyances
TYPE: Original
DATE: April 29, 1998
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS Net Effect on All State Funds * Does not include reduction in assets of Southeast Missouri State University. ESTIMATED NET EFFECT ON FEDERAL FUNDS Net Effect on All Federal Funds
FUND AFFECTED
FY 1999
FY 2000
FY 2001 None
$0
$0
$0
Total Estimated
*$0
$0
$0
FUND AFFECTED
FY 1999
FY 2000
FY 2001 None
$0
$0
$0 Total Estimated
$0
$0
$0
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 1999 | FY 2000 | FY 2001 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
Officials from the Governor's Office and Attorney General's Office (AGO) assume the proposal would have no fiscal impact on them.
Officials from the Assessor's Office in the County of Cape Girardeau assume the property which would be conveyed would be approximately 10,000 square feet at two dollars per square foot (10,000 x $2 = $20,000).
Officials from Southeast Missouri State University assume the property is land which was given to the University many years ago. The proposal would convey property needed to provide a public road to the Show Me Center, a partially state-funded, multi-purpose arena, and improve the flow of traffic in a very dangerous intersection. Since the City funded all construction costs for the road and intersection, the University would not receive reimbursement for the property. Consequently, university officials assume there would be no fiscal impact on any state budget.
| FISCAL IMPACT - State Government | FY 1999 | FY 2000 | FY 2001 |
| (10 Mo.) | |||
| 0 | 0 | 0 | |
| FISCAL IMPACT - Local Government | FY 1999 | FY 2000 | FY 2001 |
| (10 Mo.) | |||
| 0 | 0 | 0 | |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
The proposal would authorize the governor to convey certain property of Southeast Missouri State University located in Cape Girardeau County to the City of Cape Girardeau. Consideration for the conveyance would be as negotiated by the parties. The AGO would approve the instrument of conveyance.
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
Attorney General's Office
Governor's Office
County of Cape Girardeau
Southeast Missouri State University
NOT RESPONDING: City of Cape Girardeau
Jeanne Jarrett, CPA
Director
April 29, 1998