COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 3950-01

Bill No.: SB 932

Subject: Landlords and Tenants

Type: Original

Date: January 28, 2002




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 from the Office of State Courts Administrator assume no fiscal impact to their organization.



Officials from the Department of Economic Development, Missouri Housing Development Commission, assume this proposal would have no fiscal impact to their organization.



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



This proposal would impact small businesses which purchase rental properties.



DESCRIPTION



This proposal would clarify the notice due to a tenant when the landlord sells the rented property. The proposal would require a copy of a deed which transfers ownership be provided to a tenant.



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 State Courts Administrators

Department of Economic Development



NOT RESPONDING

Office of the Attorney General





Mickey Wilson, CPA

Acting Director

January 28, 2002