Fiscal Note - SB 0189 - Schools May Transfer and Expend Operating Funds For Repay- ment of Energy Efficiency Project Costs
L.R. NO. 0841-02
BILL NO. Perfected SCS For SB 189
SUBJECT: Education, Elementary and Secondary: Schools and Teachers
TYPE: Original
DATE: February 19, 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
Officials from the Department of Social Services assume the proposal would
result in no fiscal impact to the department.
Officials from the Department of Elementary and Secondary Education (DESE)
assume the proposal would result in no fiscal impact to DESE since the school
districts would pay energy costs from the Incidental Fund without the
legislation. Under the proposal the districts could transfer the savings to
the Capital Projects Fund. Under the existing law or under the proposal, the
districts earn funds for the levy, so no fiscal impact would result. DESE
assumes no cost to school districts would result since the projects would be
required to generate savings.
Officials from the Department of Natural Resources assume their Energy
Revolving Funds would not be directly affected by this proposal. They assume
long-range implications could result from the use of guaranteed energy
savings performance contracts for the installation of energy conservation
measures by providing school districts with additional financial assistance
to realize potential energy savings. Benefits could include cost savings to
the school districts from lower energy consumption, environmental benefits
from the reduced production and distribution of energy, and economic benefits
from the investment of private capital in energy efficiency programs.
Based on a response to the previous version of the proposal, officials from
the St. Louis Public Schools stated the proposal would result in no fiscal
impact to the district.
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
The proposal would allow school district to transfer from the teacher's and
incidental funds to the capital projects fund the amount necessary to repay
costs of one or more guaranteed energy savings performance contracts to
renovate buildings in the district, provided that no payment or total of
payments would be due until at least an equal amount of savings would have
been realized by the school district.
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 Elementary and Secondary Education
Department of Social Services
Department of Natural Resources
St. Louis Public Schools
This Fiscal Note is not an official copy and should not be quoted or cited.