COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 2973-02
BILL NO.: Perfected SCS for SB 557
SUBJECT: Cities; Housing
TYPE: Original
DATE: February 22, 2000
FISCAL SUMMARY
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| 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
Department of Economic Development- Missouri Housing Development Commission officials stated there would be no fiscal impact to their Commission.
City of St. Louis officials assume no fiscal impact.
| FISCAL IMPACT - State Government | FY 2001
(10 Mo.) |
FY 2002 | FY 2003 |
| $0 | $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
This act authorizes the appointment of a sixth commissioner for a municipal housing authority. A sixth member may be appointed to meet federal requirements that the authority must have a member who receives direct assistance from the housing authority. Any commissioner appointed under this section shall forfeit his or her position if he or she ceases receiving direct assistance from the housing authority. This act does not apply to housing authorities located in St. Louis City, Kansas City or any other jurisdiction which is exempt from the federal requirement.
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 Economic Development-Missouri Housing Trust Commission
City of St. Louis
Jeanne Jarrett, CPA
Director
February 22, 2000