Fiscal Note - SB 0352 - Redevelopment Authorities: May Clean Up Hazardous Waste & Officer Liability Limited
L.R. NO. 0646-01
BILL NO. SB 352
SUBJECT: Redevelopment Authorities
TYPE: Original
DATE: March 15, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
State Funds $0 $0 $0
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 $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
The Department of Natural Resource, Office of the Attorney General,
Department of Economic Development, Springfield-Greene County, and the City
of Columbia assume there would be no fiscal impact to their agencies as a
result of this proposal.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
Land Clearance for Redevelopment Authorities (LCRAs) and cities using Tax
Increment Allocation in redevelopment plans are authorized to acquire
contaminated property and to remediate environmental problems. Also, the
commissioners involved in these redevelopment plans are exempted from
liability for their official actions.
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 Natural Resources
Office of the Attorney General
Springfield - Greene County
City of Columbia
Agencies Not Responding:
City of Kansas City
City of St. Louis
St. Louis County
Boone County
City of Jefferson
This Fiscal Note is not an official copy and should not be quoted or cited.