COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0643-07
Bill No.: Truly Agreed to and Finally Passed HCS for SCS for SB 178
Subject: Property, Real and Personal
Type: Original
Date: May 8, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials of the State Tax Commission, the State Courts Administrator, the Secretary of State and the City of Kansas City (in response to a similar proposal) indicated that the proposal would affect their agencies, administratively.
| FISCAL IMPACT - State Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $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 specify that condominium bylaws could be changed by a majority of condominium unit owners with voting rights if the declarant agrees in writing or after the declarant no longer owns ten percent or more of the voting units of the condominium association; otherwise bylaw amendments would require votes of at least sixty-seven percent of voting units (under current law the method for amending bylaws is specified in the bylaws).
The proposal would also require limited liability companies owning unoccupied real property in Kansas City to file with the City's clerk an affidavit listing the name and address of at least one person who has management control and responsibility for the property.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. It would not affect Total State Revenue.
SOURCES OF INFORMATION
Secretary of State
State Courts Administrator
State Tax Commission
City of Kansas City
Jeanne Jarrett, CPA
Director
May 8, 2001