COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0148-01
Bill No.: SB 153
Subject: Appropriations; Boards, Commissions, Committees, Councils; Economic Development
Type: Original
Date: January 9, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| General Revenue * | $0 to ($600,000) | $0 to ($600,000) | $0 to ($600,000) |
| Total Estimated
Net Effect on General Revenue Fund * |
$0 to ($600,000) | $0 to ($600,000) | $0 to ($600,000) |
* Subject to appropriation
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| None | |||
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| None | |||
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government* | $0 to $600,000 | $0 to $600,000 | $0 to $600,000 |
* Subject to appropriation
ASSUMPTION
The Department of Economic Development - Missouri Housing Development Commission (MHDC) assumes this proposal would allow them to make grants to Community Housing Development Organizations (CHDO) for their basic operating expenses.
MHDC assumes there would be a fiscal impact to the state but because they do not know the number of organizations that currently exist in the state and the size of the appropriation for each, MHDC cannot provide an estimate. Since MHDC does not know the size of the appropriation, they are also unable to determine if they could administer this program with existing staff.
In response to similar legislation from previous sessions, the MHDC expected to be able to administer this program with existing staff and resources. The MHDC indicated they would request a $600,000 annual appropriation to provide for the grant and assistance programs specified in the proposal. Oversight has utilized these estimates from the previous years for fiscal note purposes, however, actual appropriations may differ.
ASSUMPTION (continued)
Officials from the Office of Administration - Budget and Planning assumes no fiscal impact to their agency resulting from this proposal.
Officials from the St. Louis Housing Authority and the Kansas City Housing Authority did not respond to our request for fiscal impact.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| GENERAL REVENUE FUND | |||
| Cost - Grants & program assistance* | $0 to ($600,000) | $0 to ($600,000) | $0 to ($600,000) |
| ESTIMATED NET EFFECT ON THE GENERAL REVENUE FUND |
$0 to ($600,000) |
$0 to ($600,000) |
$0 to ($600,000) |
| *Subject to appropriation | |||
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| Income - Local community housing development organizations could receive state grants for obtaining and administering federal grant funds. * |
$0 to $600,000 |
$0 to $600,000 |
$0 to $600,000 |
| * Subject to appropriation | |||
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This proposal authorizes an appropriation to the Missouri Housing Development Commission for grants to pay for operation and grant administration costs incurred by community housing development
organizations.
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 Economic Development
Missouri Housing Development Commission
Office of Administration
NOT RESPONDING: St. Louis Housing Authority, Kansas City Housing Authority
Mickey Wilson, CPA
Director
January 9, 2003