COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 2783-02
BILL NO.: SB 652
SUBJECT: Motor Vehicles; Speed Limit Reduction
TYPE: Original
DATE: December 22, 1999
FISCAL SUMMARY
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Highway Road Fund | ($239,630) | $0 | $0 |
| Total Estimated
Net Effect on All State Funds |
($239,630) | $0 | $0 |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Department of Revenue and the Missouri Highway Patrol assume this proposal would not fiscally impact their agencies.
Officials from the Department of Transportation (MoDOT) assume this proposal would result in increased costs for road signs and posts on Missouri roadways. Separate road signs will need to be created and installed to identify the speed limits for the trucks impacted by this legislation. It is estimated that an additional 775 signs would be needed, at an average cost of $309.20 per sign, for a total anticipated cost of $239,630 in FY01.
| FISCAL IMPACT - State Government | FY 2001
(10 Mo.) |
FY 2002 | FY 2003 |
| HIGHWAY ROAD FUND | |||
| Costs - Road signs and posts | ($239,630) | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2001
(10 Mo.) |
FY 2002 | FY 2003 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
The proposed legislation would lower the speed limit for trucks licensed for a gross weight of more than twenty-four thousand (24,000) pounds by five miles per hour on rural interstates, rural freeways, rural expressways, urban interstates, urban freeways and urban expressways.
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 Revenue
Missouri Highway Patrol
Department of Transportation
Jeanne Jarrett, CPA
Director
December 22, 1999