COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 0617-02

Bill No.: SJR 19

Subject: Constitutional Amendments: Sports and Amusements

Type: Original

Date: February 25, 2003




FISCAL SUMMARY



ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDS
FUND AFFECTED FY 2004 FY 2005 FY 2006
General Revenue $0 ($34,850) $0
Total Estimated

Net Effect on

General Revenue

Fund

$0 ($34,850) $0



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

Net Effect on All Other

State Funds

$0 $0 $0

Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 3 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 $0


FISCAL ANALYSIS



ASSUMPTION



Officials of the House of Representatives and the Senate stated that the proposal would not affect their agencies, administratively.



Secretary of State officials stated that advertisement costs for the proposal would be $3,485 per column inch for three printings of the text of the proposal, the introduction, fiscal note summary, and affidavit. The proposal would be on the ballot for the November 2004 general election.



FISCAL IMPACT - State Government FY 2004 FY 2005 FY 2006
Cost to General Revenue Fund

Secretary of State

Newspaper Advertisements





$0




($34,850)




$0


FISCAL IMPACT - Local Government FY 2004 FY 2005 FY 2006
$0 $0 $0


FISCAL IMPACT - Small Business



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



DESCRIPTION



This proposal would forbid the legislature from making any appropriation to pay for or approve any bonds to pay for construction, maintenance or operation of any major league sports stadium or related facility unless the appropriation of bond issue has been approved at a statewide election.



This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. This legislation would not affect Total State Revenue.



SOURCES OF INFORMATION



House of Representatives

Senate

Secretary of State









Mickey Wilson, CPA

Director

February 25, 2003