COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 2470-02

Bill No.: SB- 766

Subject: Ethics: Inaugural Committees

Type: Original

Date: December 12, 2001




FISCAL SUMMARY



ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Total Estimated

Net Effect on All

State Funds

$0 $0 $0



ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Total Estimated

Net Effect on All

Federal Funds

$0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Local Government $0 $0 $0

Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 3 pages.

FISCAL ANALYSIS



ASSUMPTION



Officials of the Office of the Governor assumes no fiscal impact.



Officials of the Missouri Ethics Commission assume that their office would create a form that committees would use to file reports. Officials assume that there would be an initial cost of approximately $1,500 for printing. MEC officials stated that any printing cost could be absorbed under current appropriation levels.



FISCAL IMPACT - State Government FY 2003

(10 Mo.)

FY 2004 FY 2005
$0 $0 $0



FISCAL IMPACT - Local Government FY 2003

(10 Mo.)

FY 2004 FY 2005
$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 establishes certain requirements for committees formed to receive contributions or make expenditures on behalf of a person elected to serve in a state office.



Such committees must file various reports with the Missouri Ethics Committee for the duration of the committee's existence. Committees must file a statement of organization, disclosure reports which itemize receipts, expenditures, and indebtedness incurred by the committee, and a termination statement upon dissolution.



Committees shall maintain detailed and accurate records and accounts. Disclosure reports shall be filed within thirty days after the statement of organization is filed. Subsequent reports shall be filed every six months.



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



Office of the Governor

Missouri Ethics Commission







































Jeanne Jarrett, CPA

Director

December 12, 2001