This Fiscal Note is not an official copy and should not be quoted or cited.
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Fiscal Note - SB 0670 - Establishes Document Preservation Fund
L.R. NO. 2630-03
BILL NO. Truly Agreed To And Finally Passed SCS for SB 670
SUBJECT: State Treasurer: Special Fund
TYPE: Original
DATE: May 13, 1996
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1997 FY 1998 FY 1999
Document
Preservation Fund Unknown Unknown Unknown
Total Estimated
Net Effect on All
State Funds Unknown Unknown Unknown
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 from the Office of Secretary of State (SOS) stated this proposal
would free up thousands of cubic feet of storage space now used by the
Judiciary. This proposal would help the Division of Archives to help make
available to the public judicial records of historical value without having
to rely on appropriations from General Revenue. Officials assume that cost
of administering the fund would be absorbed through existing appropriations
or from donations to the Document Preservation Fund. Officials assume no
fiscal impact to the office of Secretary of State.
Officials from the Office of State Treasurer (STO) stated this proposal would
not require additional funds for their office. Officials assume this fund
would be supported through gifts, donations, and grants, therefore, placing
no demands to the state's General Revenue Fund.
Oversight assumes that expenditures would not exceed Income. Net effect will
be shown as a positive unknown.
FISCAL IMPACT - State Government FY 1997 FY 1998 FY 1999
Income to Document Preservation Fund
From Gifts, Donations, Etc. Unknown Unknown Unknown
Cost to Document Preservation Fund
to Division of Archives - Secretary of State
Preservation of Historical Documents (Unknown) (Unknown) (Unknown)
NET EFFECT TO DOCUMENT
PRESERVATION FUND UNKNOWN UNKNOWN UNKNOWN
FISCAL IMPACT - Local Government FY 1997 FY 1998 FY 1999
$0 $0 $0
DESCRIPTION
This act creates the "State Document Preservation Fund" in the State
Treasury. All moneys received from gifts, bequests, contributions, or other
sources for the purpose of preserving legal, historical and genealogical
materials would be deposited in the fund.
The General Assembly would appropriate moneys from the fund to the Archives
Division of the Secretary of State's Office to microfilm, microfiche and to
preserve by any other means, specified categories of materials.
Once each year, the Secretary of State would report on the expenditures from
the fund to the General Assembly.
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
State Treasurer
Secretary of State