COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 4413-02
Bill No.: Truly Agreed to and Finally Passed HCS for SB 1078
Subject: Department of Revenue: County Funds
Type: Original
Date: May 28, 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
Officials of the Office of Secretary of State- Division of Uniform Commercial Code assume no fiscal impact.
Officials of the State Treasurer's Office stated there would be no fiscal impact to their office.
Officials of the Department of Revenue assume no fiscal impact.
The Callaway County Recorder of Deeds assumes this proposal would have no fiscal impact.
Officials of the Counties Employee's Retirement System assume there would be no fiscal impact.
| 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 provides that the Director of the Department of Revenue shall be the custodian of the "Statutory County Recorder's Fund". Current law provides that the State Treasurer shall be custodian of the Fund. Monies in the fund would be deemed non-state funds. This act provides that the Department of Revenue, not the Secretary of State, shall administer the
DESCRIPTION (continued)
Uniform Commercial Code Transition Fee Trust Fund, that a portion of filing fees will be deposited into the UCC Transition Fee Trust Fund, revises the duties of Secretary of State with regard to the fund, and provides that the moneys in the fund shall be deemed non-state funds.
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 Secretary of State
Office of the State Treasurer
Department of Revenue
Callaway County Recorder of Deeds
County Employee's Retirement System
NOT RESPONDING
St. Louis City
Director of Administration of St. Louis County
Boone County Recorder of Deeds
Mickey Wilson, CPA
Acting Director
May 28, 2002