COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0982-04
Bill No.: Perfected SCS for SB 239
Subject: Property - Real and Personal; Easements and Conveyances; Governor and Lt. Governor; Office of Administration.
Type: Original
Date: February 26, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| General Revenue | $0 or more than $99,989 | ||
| Total Estimated
Net Effect on General Revenue Fund |
$0 OR MORE THAN $99,989 | $0 | $0 |
| 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 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials from the Office of Administration - Design and Construction and the Office of the Adjutant General each assume this proposal would not fiscally impact their respective agencies.
Officials from the Office of the Attorney General assume that any potential costs arising from this proposal could be absorbed with existing resources.
Officials from the Sedalia School District Foundation did not respond to our request for fiscal impact.
Oversight notes that the property must be sold for a minimum of $99,990 or the property will be conveyed to the Sedalia School District Foundation for $1. Oversight assumes the Commissioner of Administration will receive proceeds from the sale or conveyance commensurate with the property's value in FY 2004. Oversight has reflected the proceeds of the sale / conveyance as either $0 or more than $99,989 since a bid must be at least $99,990 to qualify for the sale of the property and since the property will be conveyed if a qualified bid is not received. The state will be disposing of the National Guard Armory from it general fixed assets.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| GENERAL REVENUE | |||
| Income - proceeds from conveyance or sale of the National Guard Armory in Sedalia | $0 or more than $99,989 |
$0 |
$0 |
| ESTIMATED NET EFFECT TO THE GENERAL REVENUE FUND | $0 OR MORE THAN $99,989 |
$0 |
$0 |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
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 authorizes the Governor to convey the National Guard Armory in Sedalia to the Sedalia School District Foundation if a bid of at least $99,990 is not received by the Office of Administration
within six months of opening of the public sale. If no bid is received, consideration for the conveyance to the Sedalia School District shall be one dollar.
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 Administration - Design and Construction
Office of the Adjutant General
Office of the Attorney General
NOT RESPONDING: Sedalia School District Foundation
Mickey Wilson, CPA
Director
February 26, 2003