Fiscal Note - SB 0346 - Renames Mo Student Financial Assistance Program As the Charles Gallagher Student Financial Assistance Program
L.R. NO. 1169-01
BILL NO. Truly Agreed To And Finally Passed SB 346
SUBJECT: Education, Higher: Department of Higher Education
TYPE: Original
DATE: April 23, 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 St. Louis Community College, Southwest Missouri State
University, University of Missouri, Truman State University, Harris-Stowe
State College, Central Missouri State University, East Central College, Linn
State Technical College and Missouri Western State College assume the
proposal would result in no fiscal impact.
Officials from the Coordinating Board For Higher Education (CBHE) assume the
bill only provides that "no institution" would be required to revise or
replace materials that would otherwise not be revised or replaced. However,
the language does not indicate that the CBHE would not be required to "revise
or amend any such literature...". CBHE officials estimate that it would cost
approximately $1,500 to replace the various student scholarship and grant
brochures to accommodate a name change.
The Oversight Division assumes that if the CBHE would be required to change
their literature, they could absorb the costs, since they would be minimal.
Therefore, no fiscal impact is shown for CBHE.
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 call the financial assistance program established under
sections 173.200 to 173.230 the Charles Gallagher Student Financial
Assistance Program. No institution would be required to revise or amend
scholarship literature prior to the date such literature would otherwise be
revised, amended, reprinted or replaced in the ordinary course of the
institution's business.
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
Coordinating Board For Higher Education
University of Missouri
Southwest Missouri State University
Central Missouri State University
Truman State University
Missouri Western State College
Harris-Stowe State College
Jefferson College
East Central College
St. Louis Community College
Linn State Technical College
This Fiscal Note is not an official copy and should not be quoted or cited.