COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 2163-03
Bill No.: HCS for SB 610
Subject: County Officials: Surety Bonds
Type: Original
Date: April 16, 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 to (Unknown) | $0 to (Unknown) | $0 to (Unknown) |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
ASSUMPTION
Officials of the Office of Secretary of State assume no fiscal impact.
Officials of the Office of State Auditor assume no fiscal impact to their office
Officials of the State Tax Commission assume no fiscal impact to their office.
SECTION-50.341: CLAY COUNTY COMMISSION:
Oversight assumes that Section 50.341 is an enabling provision and would have no state or local fiscal impact.
SECTION- 52.300 and 54.330 : BONDING of CERTAIN PUBLIC EMPLOYEES:
Officials of the Office of State Auditor stated there would be no fiscal impact to their office.
The Marion County Collector stated that his Deputies are bonded and in compliance with the provisions contained in this proposal, therefore, there would be no fiscal impact.
The Nodaway County Treasurer stated that the county currently bonds the Deputy Treasurers for $50,000 each. Officials assume if this amount would not meet the requirements of this proposal there would be additional cost for providing sufficient bonds.
Oversight assumes there could be some cities or counties that do require or provide surety bonds for Deputy Collectors and Treasurers. Counties that are not currently providing bonding for these offices would realize an increase in cost of providing bonds. Oversight does not know the number of cities or counties that currently provide sufficient bonding for Deputies, therefore, impact to local government will be shown as $0 to Unknown. Fiscal impact on a statewide basis is not expected to exceed $100,000 annually.
SECTION-137.100 TAX EXEMPTION - PROPERTY TAXES
Officials of the State Tax Commission assume the provisions of this Section would have little if any fiscal impact to counties. Officials assume that the provisions of this Section would relieve County Collectors of dealing with part-year exemptions. Officials stated there are no provisions that allows Collectors to prorate a tax year. Officials assume no local fiscal impact.
ASSUMPTION (continued)
SECTION- 141.610 COURT ADMINISTRATOR OR SHERIFF'S DEED
Oversight assumes that this Section is a procedural change in the law that concerns the validity of Court Administrator's or Sheriff's deeds and would have no state or local fiscal impact.
| 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 |
| LOCAL GOVERNMENTS | |||
| Cost to Certain Cities and Counties | |||
| from providing bonds for certain officials | $0 to (Unknown) | $0 to (Unknown) | $0 to (Unknown) |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act requires all deputies or assistants that are appointed by the Collector or Treasurer Ex Officio Collector to provide a bond that is approved by the Collector.
The bond amount will not exceed one-half of the amount of the maximum bond required for any collector or Treasurer Ex Officio Collector.
The county or city that is being protected will provide the premium for the bond.
DESCRIPTION (continued)
This act authorizes Clay County to reduce its County Commissioners' salaries if the county employs a County Administrator for day to day administrative functions of the commission.
This act allows property that is not exempt for taxation for state, county or local purposes on January 1 of any given year but subsequently become exempt will not be exempt for tax purposes until January 1 of the following year.
This act also changes the date of presumption, that all proceedings pertaining to land tax collection for certain property are in accordance with the law, from two years after the date of recording a Court Administrator's or Sheriff's deed to two years from the date of the Court Administrator's foreclosure sale.
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
State Tax Commission
Office of the Secretary of State
Office of the State Auditor
Nodaway County Treasurer
Marion County Collector
Jeanne Jarrett, CPA
Director
April 16, 2001