COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1714-02
Bill No.: SJR 13
Subject: Constitutional Amendments: Tobacco Settlement
Type: Original
Date: February 13, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| General Revenue | $0 | ($43,800) | $0 |
| Total Estimated
Net Effect on All State Funds |
$0 | ($43,800) | $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 Office of Administration - Division of Budget and Planning (BAP) and the Office of the State Treasurer assume the proposed legislation would have no fiscal impact on their agencies or that they could accomplish duties under this proposal with existing resources.
BAP officials noted that interest earned on the Missouri Healthy Families Trust Fund would increase Total State Revenue.
Advertisement costs for the proposal would be $4,380 per newspaper column inch for three printings of the text of the proposal, the introduction, title, fiscal note summary, and affidavit. The proposal would be on the ballot for the November 2002 general election.
| FISCAL IMPACT - State Government | FY 2002 | FY 2003 | FY 2004 |
| Cost to General Revenue Fund
Secretary of State Newspaper Advertisements |
($43,800) |
| FISCAL IMPACT - Local Government | FY 2002 | 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 establish the Missouri healthy families trust fund. Any funds received by the state of Missouri as a result of any tobacco-related legal settlement or award would be deposited in the fund, excluded from the definition of "total state revenues" and would be subject to appropriation for purposes specified in the proposal.
This legislation is not federally mandated, would not duplicate any other program, would not require additional capital improvements or rental space. The proposal would affect Total State Revenue.
SOURCES OF INFORMATION
Office of Administration - Division of Budget and Planning
Secretary of State
State Treasurer
Jeanne Jarrett, CPA
Director
February 13, 2001