COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 3589-08
Bill No.: HCS for SS for SCS for SB 1183
Subject: Political Subdivisions: Subdivision Regulation
Type: Original
Date: May 7, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| 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 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials of the Department of Natural Resources assume no fiscal impact.
Officials of the Kansas City Manager's Office assume they are exempt from this legislation and assume no fiscal impact.
Officials of the Jasper County Commission assume no fiscal impact.
Officials of the Jefferson County Commission assume no fiscal impact.
Officials of the Platte County Planning Commission assume no fiscal impact.
Oversight has approximately 25 cities on their response list. Timing did not allow for their response to this substitute.
| FISCAL IMPACT - State Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $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 substitute allows county planning commissions to accept other forms of security besides surety bonds in lieu of the full completion of required infrastructure improvements in subdivisions prior to the plat being recorded.
Political subdivisions are required to accept a letter of credit from a developer as security for the completion of infrastructure improvements in subdivisions. Current law allows political subdivisions to choose what kind of security, such as surety bonds, the developer must provide.
Political subdivisions are required to accept a replacement escrow from another developer who buys the subdivision property prior to completion, at which time the political subdivision must release the original developer from all obligations.
The substitute also requires the political subdivision to inspect the project within 20 days of a request. If the city or town has not released the escrow funds or bond amount within 30 days or timely inspected the improvements, the city must pay interest.
The substitute exempts Kansas City from this provision.
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 Natural Resources
Jasper County Commission
Jefferson County Commission
Platte County Planning Commission
Kansas City Manager's Office
NOT RESPONDING
Timing requirements did not allow all of the cities and counties on Oversight's response lists to respond.
Mickey Wilson, CPA
Director
May 7, 2004