COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3991-02
Bill No.: Perfected SCS for SB 1075
Subject: Easements and Conveyances; Governor; Administration, Office of
Type: Original
Date: February 26, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| General Revenue Fund | Unknown | Unknown | Unknown |
| Total Estimated
Net Effect on General Revenue Fund |
Unknown | Unknown | Unknown |
| 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 |
ASSUMPTIONS
Officials from the Office of the Governor assume this proposal would have no impact on their organization.
Officials from Office of Administration, Division of Design and Construction assume the proposal would have no impact on their organization.
In response to a previous version of the proposal, officials from the Office of the Attorney General stated the requirements of the proposal could be absorbed with existing resources.
Officials from the Department of Mental Health assume the proposal would have an unknown impact on the state General Revenue Fund and on local governments.
Officials from the City of St. Louis did not respond to our request for information.
ASSUMPTIONS (continued)
Oversight assumes the property would be conveyed at or near market value and that the expenses of selling the property would be insignificant. The length of time to market the property could be substantial, however. Oversight has shown unknown revenue for FY 2005, FY 2006, and FY 2007 although there would be only one sale. Oversight assumes there would also be a minimal reduction in maintenance and utility cost if the property is sold. Any local impact would depend on the ultimate purchaser of the property.
| FISCAL IMPACT - State Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| GENERAL REVENUE FUND | |||
| Revenue - sales proceeds | Unknown | Unknown | Unknown |
| ESTIMATED NET EFFECT ON GENERAL REVENUE FUND |
Unknown |
Unknown |
Unknown |
| 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 authorize the Commissioner of Administration to conduct a public sale of the former Midtown Habilitation Center in the City of St. Louis. The Governor would be authorized to convey the property in a form to be approved by the Attorney General.
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 Governor
Office of the Attorney General
Office of Administration
Division of Design and Construction
Department of Mental Health
NOT RESPONDING
City of St. Louis
Mickey Wilson, CPA
Director
February 26, 2004