COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1829-03
Bill No.: Truly Agreed and Finally Passed HCS for SB 441
Subject: Banks & Financial Institutions; Boards, Commissions, Committees, Councils; Cities, Towns, & Villages; Political Subdivisions; Public Officers; Public Records; Public Meetings
Type: Original
Date: May 1, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All State Funds |
$0 | $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 | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 2 pages.
ASSUMPTION
Officials with the City of Warrensburg assume the proposal will have no fiscal impact on the city.
| 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 act allows Warrensburg to receive bids from banks doing business within the city at any regular meeting of the city. The bid must be advertised and the contract accepted must not exceed two years. Current law allows cities to receive bids from banking institutions only once a year, at its regular meetings in July. This legislation allows qualifying cities to receive bids at any regular meeting throughout the year.
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
City of Warrensburg
Jeanne Jarrett, CPA
Director
May 1, 2001