Fiscal Note - SB 0117 - Appropriations May Be Made For Housing Purposes
L.R. NO. 0586-01
BILL NO. SB 117
SUBJECT: Appropriations to the Missouri Housing Development Commission
TYPE: Original
DATE: January 14, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
General Revenue ($0 to $600,000) ($0 to $600,000) ($0 to $600,000)
Total Estimated
Net Effect on All
State Funds ($0 to $600,000) ($0 to $600, 000) ($0 to $600,000)
- SUBJECT TO APPROPRIATION-
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government Unknown Unknown Unknown
FISCAL ANALYSIS
ASSUMPTION
Officials of the Missouri Housing Development Commission (MHDC) indicate they
would request a $600,000 annual appropriation to provide for the grant and
assistance programs specified in the proposal.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
GENERAL REVENUE FUND
Cost - Grants & program assistance ($0 ($0 ($0
to to to
$600,000) $600,000) $600,000)
SUBJECT TO APPROPRIATION
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
Income
Local community housing development
organizations could receive state grants
for obtaining and administering federal
grant funds. Unknown Unknown Unknown
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
The proposal would authorize the General Assembly to appropriate funds to the
Missouri Housing Development Commission for two purposes. First, grants
could be made to neighborhood housing agencies for basic operating expenses.
Second, assistance could be given to community housing development
organizations to administer Federal Home Investment Partnership grants.
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 Economic Development - Missouri Housing Development Commission
This Fiscal Note is not an official copy and should not be quoted or cited.