COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. NO.: 3546-01

BILL NO.: SB 841

SUBJECT: Motor Vehicles; Speed Limit Reduction

TYPE: Original

DATE: January 31, 2000




FISCAL SUMMARY



ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 2001 FY 2002 FY 2003
Highway Road Fund ($195,724) $0 $0
Total Estimated

Net Effect on All

State Funds

($195,724) $0 $0



ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2001 FY 2002 FY 2003
None $0 $0 $0
Total Estimated

Net Effect on All

Federal Funds

$0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
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.



FISCAL ANALYSIS



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 633 signs would be needed, at an average cost of $309.20 per sign, for a total anticipated cost of $195,724 in FY01.



Oversight notes that funds from fines are to be distributed pursuant to the provisions of Section 7 of Article IX of the Missouri Constitution (School Districts). Any increase in fines collected will be offset by a corresponding decrease in the foundation formula distributions. Therefore, Oversight has shown a zero fiscal impact for this proposal.







FISCAL IMPACT - State Government FY 2001

(10 Mo.)

FY 2002 FY 2003
HIGHWAY ROAD FUND
Costs - Road signs and posts ($195,724) $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 proposal restricts trucks (registered over 24,000 pounds) to 65 mph on the rural interstates and freeways and restricts them to the right hand lane except under certain conditions. This act has penalty provisions. An operator of a truck exceeding a speed of 70 mph shall be fined $1000.



This act is similar to SB 652 (2000).



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

January 31, 2000