COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 4163-01
Bill No.: Perfected SB 1162
Subject: Counties: Securities
Type: Original
Date: March 10, 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 3 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 Office of Administration assume no fiscal impact.
Officials of the Department of Economic Development - Public Service Commission assume no fiscal impact.
Officials of the Office of Secretary of State assume no fiscal impact.
Officials of Jasper County, Greene County, and Platte County assume no fiscal impact.
Officials of Kansas City, Jefferson City, Springfield, assume no fiscal impact.
Officials of the Little Blue Valley Sewer District assume no fiscal impact.
Oversight assumes this proposal only expands the type of securities that may be required of developers of subdivision developments. Oversight assumes no state or local fiscal impact.
| 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 act allows flexibility in the type of security that may be accepted in lieu of full completion of required infrastructure improvements in subdivisions prior to the plat being recorded by allowing securities beyond surety bonds (e.g. cash bonds).
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 Secretary of State
Office of Administration
Department of Economic Development - Public Service Commission
City of Kansas City
City of Springfield
Jefferson City
Little Blue Valley Sewer District
Mickey Wilson, CPA
Director
March 10, 2004