SB 0648 - Fiscal Note

Fiscal Note - SB 0648 - Construction of Veterans' Cemeteries in MO

L.R. NO.  1991-01
BILL NO.  SB 648
SUBJECT:  Veterans' Home Capital Improvement Trust Fund
TYPE:     Original
DATE:     January 24, 1996





                              FISCAL SUMMARY


                    ESTIMATED NET EFFECT ON STATE FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999

None


Total Estimated
Net Effect on All
State Funds                        $0              $0             $0


                   ESTIMATED NET EFFECT ON FEDERAL FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999

None

Total Estimated
Net Effect on All
Federal Funds                      $0              $0             $0


                    ESTIMATED NET EFFECT ON LOCAL FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999

Local Government                   $0              $0             $0



                              FISCAL ANALYSIS

ASSUMPTION

Officials of the Missouri Veterans Commission and the Missouri Gaming
Commission assume that this proposal would have no fiscal impact to their
agencies.

Oversight assumes that there would be a long-term fiscal impact due to this
proposal.  Current law states that beginning July 1, 2000, the remaining
unencumbered Gaming Commission funds will be transferred to the state General
Revenue Fund.  If this proposal were enacted, beginning July 1, 2000, the
remaining unencumbered Gaming Commission funds would be transferred to the
Veterans' Trust Fund.  The long-term loss to General Revenue Fund and the
long-term income to the Veterans' Trust Fund would result in a zero net
effect to all state funds.



FISCAL IMPACT - State Government     FY 1997     FY 1998     FY 1999
                                    (10 Mo.)

                                           0           0           0

FISCAL IMPACT - Local Government     FY 1997     FY 1998     FY 1999
                                    (10 Mo.)

                                           0           0           0


DESCRIPTION

This proposal would change the name of the Veterans' Homes Capital
Improvement Trust Fund to the Veterans' Commission Capital Improvement Trust
Fund and would expand the allowable uses for monies in that fund to include
construction of veterans' cemeteries in Missouri.  Beginning July 1, 2000,
this proposal would also allow the remaining unencumbered funds to be
transferred from the Gaming Commission Fund to the Veterans' Trust Fund
instead of General Revenue Fund as current law provides.

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

Missouri Veterans Commission
Missouri Gaming Commission