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 0433 - Authorizes the Director of the Dept. of Natural Resources to convey certain property in the Lake of the Ozarks State Par
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 1983-01
BILL NO.: Perfected SB 433
SUBJECT: Conveyance of Property at Lake Ozark State Park
TYPE: Original
DATE: March 9, 1999
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON FEDERAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
The Department of Natural Resources (DNR) assumes there will be costs to market the property. Advertising costs in Missouri vary depending upon location and size of advertisement. Costs for St. Louis and Kansas City newspapers are approximately $600 for 5 consecutive days.
In addition, the property being sold must be replaced with land of equal value. This may necessitate numerous land transactions. Only the properties' appraised values count toward replacement lands. Costs to effectuate the transactions (appraisal, title insurance, closing costs, etc.), estimated to be approximately $3,000, may be added expenses.
Oversight assumes the DNR already has existing appropriation authority for acquiring adjacent land in the park system. Therefore, there would be no additional costs specific to this proposal.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| 0 | 0 | 0 | |
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (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 act authorizes the director of the Department of Natural Resources to engage in competitive bidding to sell thirty four acres of undeveloped, wooded parkland which will be severed and negatively impacted by new U.S. highway 54 construction.
The loss of this parkland will be mitigated by the purchase of privately owned land within the national park and adjoining properties.
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
Department of Natural Resources
Jeanne Jarrett, CPA
Director
March 9, 1999