COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3848-02
Bill No.: SB 1136
Subject: Governor & Lt. Governor; Administration, Office of; Easements and Conveyances
Type: Original
Date: February 10, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| General Revenue Fund | ($64,000) | ($64,000) | ($64,000) |
| Total Estimated
Net Effect on General Revenue Fund |
($64,000) | ($64,000) | ($64,000) |
| 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 from the Office of the Attorney General and the Office of the Governor assume this proposal would have no impact on their organizations.
Officials from the Office of Administration, Division of Design and Construction, assume this proposal would have no impact on their organization; however, if the property is transferred to an organization other than a state agency at less than fair market value, there may be an impact on state government due to the loss of the potential market value of the property.
Officials from the Department of Corrections (DOC) assume the state would lose the potential market value of the property if the property is transferred without consideration. In addition, the current $64,000 annual rental of the land for farming would be lost on transfer of the land.
Oversight assumes the property would be transferred or conveyed at or near fair market value.
ASSUMPTIONS (continued)
Officials from Cole County and the City of Jefferson City did not respond to our request for information.
| FISCAL IMPACT - State Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| GENERAL REVENUE FUND | |||
| Revenue Reduction - DOC | |||
| Rental | ($64,000) | ($64,000) | ($64,000) |
| ESTIMATED NET EFFECT ON GENERAL REVENUE FUND |
($64,000) |
($64,000) |
($64,000) |
| 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 proposal would allow the Governor to sell or convey certain land in Cole County at a public offering or to transfer that land to other government agencies without a public auction.
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 the Attorney General
Department of Corrections
Office of the Governor
Office of Administration
Division of Design and Construction
NOT RESPONDING
Cole County
City of Jefferson City
Mickey Wilson, CPA
Director
February 10, 2004