COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1576-02
Bill No.: SB 383
Subject: Easements and Conveyances
Type: Original
Date: February 12, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| General Revenue | $225,000 | $0 | $0 |
| Total Estimated
Net Effect on All State Funds |
$225,000 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government | ($225,000) | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Office of Administration - Division of Facilities Management and the Office of Administration - Division of Budget and Planning assume the proposed legislation would have no fiscal impact on their agency.
Officials from the Office of Attorney General assume the proposed legislation would require minimal time for an attorney to approve the form on the conveyance of the property, therefore, costs can be absorbed with existing resources.
Officials from the Office of Administration - Division of Design and Construction assume the value of the KCI Multi-Purpose Export Facility is $700,000. Officials noted that this figure is based on the approximate facility value as reported in the Land and Buildings System (LABS).
Officials from the Department of Agriculture stated that cost estimates were based on a formal appraisal of the facility indicating the cost value would be approximately $225,000.
Oversight has used the $225,000 value submitted by the AGR to reflect the income from the sale of the KCI Multi-Purpose Export Facility. Oversight used this value because is was based on a formal appraisal of the facility.
| FISCAL IMPACT - State Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| GENERAL REVENUE FUND | |||
| Income - Proceeds from sale of KCI Multi-Purpose Export Facility |
$225,000 |
$0 |
$0 |
| FISCAL IMPACT - Local Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| City of Kansas City | |||
| Cost - Purchase of KCI Multi-Purpose Export Facility |
($225,000) |
$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 authorizes the Governor to sell the KCI Multi-Purpose Export Facility to the Kansas City International Airport.
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 Agriculture
Office of Administration - Division of Budget and Planning
Office of Administration - Division of Design and Construction
Office of Administration - Division of Facilities Management
Office of Attorney General
NOT RESPONDING: Platte County and Jackson County Executive
Jeanne Jarrett, CPA
Director
February 12, 2001