COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



LR No.: 0860-05

Bill No.: Truly Agreed to and Finally Passed SCS # 2 for SB 224

Subject: State Property: Conveyance

Type: Original

Date: May 27, 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 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 Office of the Governor assume no fiscal impact.



Official of the Office of Attorney General assume any cost related to this proposal could be absorbed with existing appropriations.



Office of Administration- Division of Design and Construction assume no fiscal impact.



Officials of the City of Fulton assume no fiscal impact.



FISCAL IMPACT - State Government FY 2004 FY 2005 FY 2006
$0 $0 $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 act authorizes the Governor to convey a permanent easement on state property in Callaway County to the City of Fulton for the purpose of constructing a hiking and biking trail. In the event the City of Fulton ceases to use the property for a hiking or biking trail the easement would be void, and the City of Fulton would be responsible for executing any documents required to remove the easement from the recorded title of the property. This proposal has an emergency clause.



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



Office of Governor

Office of Attorney General

Office of Administration

City of Fulton













Mickey Wilson, CPA

Director

May 27, 2003