Fiscal Note - SJR 009 - Allows MODOT to Construct or Designate Toll Highways
L.R. NO. 1189-01
BILL NO. SJR 9 with SCA 1
SUBJECT: Constitutional Amendments: Transportation
TYPE: Original
DATE: April 1, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
General Revenue $0 ($128,000) $0
Total Estimated
Net Effect on All
State Funds $0 ($128,000) $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
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 of the Department of Revenue and Office of Administration indicated
the proposal would not affect their agencies.
Officials of the Department of Transportation noted that they would not take
any action under terms of this proposal until enabling legislation became
law. Fiscal impact on the Department would be addressed in the fiscal note
for the enabling legislation.
Advertisement costs for the proposal would be $3,990 per newspaper column
inch for three publications of the text of the proposal, the introduction,
title, fiscal note summary, and affidavit. The proposal would be on the
ballot for the November 1998 general election.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
Cost to General Revenue Fund
Secretary of State
Newspaper Advertisements ($128,000)
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
$0 $0 $0
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
This proposal would allow the Missouri Highways and Transportation Commission
and toll bridge authorities to build, operate and maintain toll bridges, as
provided by law.
It would also allow the commission or toll bridge authorities to issue bonds
to finance design, acquisition and construction of toll bridges.
The bonds would not be debts or liabilities of the state. Bonds issued by an
authority would not be an obligation of the Commission, the State Road Fund
or any other authority. General revenue funds would not be pledged for, or
used to satisfy, toll facility bonds or any other toll facility costs or
expenditures.
This legislation is not federally mandated, would not duplicate any other
program, would not require additional capital improvements or rental space,
and would not affect total state revenue.
SOURCES OF INFORMATION
Department of Revenue
Department of Transportation
Office of Administration - Division of Budget and Planning
This Fiscal Note is not an official copy and should not be quoted or cited.