COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3950-02
Bill No.: Truly Agreed to and Finally Passed HCS for SB 932
Subject: Landlords and Tenants
Type: Original
Date: May 7, 2002
FISCAL SUMMARY
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| 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.
ASSUMPTION
In response to a previous version of this proposal, officials from the Office of State Courts Administrator assumed no fiscal impact to their organization.
In response to a previous version of this proposal, officials from the Department of Economic Development, Missouri Housing Development Commission, assumed 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 provide notice to a tenant when the landlord sells a rented property. The proposal would require a notarized affadavit regarding a change in ownership be provided to the tenant. The proposal would also entitle the owner of a rented property to receive a copy of any notice of termination of water or sewerage service by notifying the utility in writing.
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
Mickey Wilson, CPA
Acting Director
May 7, 2002