COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 4878-01

Bill No.: SB 1201

Subject: Genetically Enhanced Seed

Type: Original

Date: March 8, 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 with the Department of Agriculture and The State Courts Administrator stated that the proposal would not significantly affect their agencies..



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



Small business which are farms using genetically enhanced or modified seed would be affected by this proposal..



DESCRIPTION



This act requires the agreements signed by farmers at the time of purchase of genetically enhanced seed shall have a provision that allows the farmer or individual to plant seed derived from the originally purchased seed on his or her own land or on land rented by the original purchaser of the seed. Seed companies can still require the seed not be sold, given away or otherwise distributed.

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

Department of Agriculture

State Courts Administrator















Mickey Wilson, CPA

Acting Director

March 8, 2002