COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



LR No.: 0423-03

Bill No.: Perfected SB 564

Subject: St. Louis: International Airport

Type: Original

Date: May 9, 2003




FISCAL SUMMARY



ESTIMATED NET EFFECT ON GENERAL REVENUE FUND
FUND AFFECTED FY 2004 FY 2005 FY 2006
Total Estimated

Net Effect on

General Revenue

Fund

$0 $0 $0



ESTIMATED NET EFFECT ON OTHER STATE FUNDS
FUND AFFECTED FY 2004 FY 2005 FY 2006
Total Estimated

Net Effect on Other

State Funds

$0 $0 $0



Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 4 pages.











ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2004 FY 2005 FY 2006
Total Estimated

Net Effect on All

Federal Funds

$0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 2004 FY 2005 FY 2006
Local Government * $0 $0 ($420)

* This proposal has an effective date of January 1, 2006.



FISCAL ANALYSIS



ASSUMPTION



Officials of the Missouri Department of Transportation assume there would be no fiscal impact .



Officials of the City of St. Louis in consultation with airport officials stated that there are currently 17 members of the airport authority. Officials assume that this proposal would require 19 members for an increase of 2 members. Officials stated that the members meet once per month or 12 times annually. Each member receives $35 per meeting. Therefore, this proposal would cost the airport authority an additional $840 annually. Officials assume this proposal only changes the membership of the authority and the way that they are appointed. Officials assume there would be no financial or taxing authority changes and expect no changes or fiscal impact to the City of St. Louis



FISCAL IMPACT - State Government FY 2004 FY 2005 FY 2006

(6Mo.)

$0 $0 $0





FISCAL IMPACT - Local Government FY 2004 FY 2005 FY 2006

(6Mo.)

ST. LOUIS METROPOLITAN AIRPORT AUTHORITY
Cost to St. Louis Metropolitan Airport Authority
Board Members Compensation $0 $0 ($420)
Total Net Effect to Local Government $0 $0 ($420)*

* This proposal has an effective date of January 1, 2006



FISCAL IMPACT - Small Business



No direct fiscal impact to small businesses would be expected as a result of this proposal.



DESCRIPTION



This act re-establishes the Missouri-St. Louis Metropolitan Airport Authority. The new airport authority would assume the governance of Lambert-St. Louis International Airport. Nothing in the bill would change ownership or financial accountability of the airport. The financial and accounting functions would remain with the City of St. Louis and any profit from the operation of the airport would also flow to the City.

The Governor would appoint the members of the authority upon recommendations from the local chief executives. Members would require the advice and consent of the Senate. Members would be as follows: ten from the City of St. Louis, five from St. Louis County, two from St. Charles County, one from Jefferson County and one additional member may be chosen by the chair from another state. The members of the authority would annually elect their chair on a biennial basis. Members would serve staggered terms of four years. The act also removes the restriction against members of the authority being employed in the aeronautics industry.

This act has an effective date of January 1, 2006.

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



Missouri Department of Transportation

City of St. Louis

















































Mickey Wilson, CPA

Director

May 9, 2003