SB 0486 - Fiscal Note

Fiscal Note - SB 0486 - Exempts certain charitable organizations from prevailing wage laws

COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. NO.: 2030-02

BILL NO.: SB 486

SUBJECT: Charitable Organizations; Prevailing Wages

TYPE: Original

DATE: March 3, 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 2 pages.

FISCAL ANALYSIS

ASSUMPTION

Officials from the Department of Labor and Industrial Relations assume this proposal would not fiscally impact their agency.

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
Small businesses that are also 501(c)(3) could realize a cost savings on those projects that are paid for entirely by the organization.

DESCRIPTION

This proposal would exempt a private, charitable organization described under Section 501(c)(3) of the Internal Revenue Code from the prevailing wage laws, where such organization pays the entire cost of a project done for public use or benefit, and the organization receives no public funds for that project.

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 Labor and Industrial Relations

Jeanne Jarrett, CPA

Director

March 3, 1999