Fiscal Note - SB 0398 - Conveyance of SMSU Property to the City of Springfield
L.R. NO. 1306-01
BILL NO. Truly Agreed And Finally Passed SB 398
SUBJECT: Easements & Conveyances: School
TYPE: Original
DATE: April 25, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
SMSU $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
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
City of Springfield
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
Officials from the Office of Governor (GOV), the Attorney General (AGO), and
of Office of Administration (OA) assume no fiscal impact to their offices.
Officials from Southwest Missouri State University (SMSU) assume this
proposal grants authority to the Board of Governors of Southwest Missouri
State University to convey certain property valued at $509,842.65 to the City
of Springfield and in return the city of Springfield would convey property
"with at least an equal value" to the Board of Governors of Southwest
Missouri State University. Officials assume impact would be $509,842.65.
Oversight assumes that:
1) Southwest Missouri State University would convey certain property to the
City of Springfield valued at $509,842.65;
2) the City of Springfield would convey certain property to SMSU with at
least an equal value of $509,842.65;
3) property conveyed to SMSU could have value greater than $509,842.65;
4) the exchange of property would be finalized in FY98.
Oversight further assumes assets of SMSU may increase as a result of the
transactions based upon the language of the proposal, but no fiscal impact to
state or local funds is expected.
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
This bill authorizes the Governor to convey property belonging to Southwest
Missouri State University to the City of Springfield.
The transaction will be done in a fee simple absolute in consideration of
real property of an equal value located in Greene County.
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
Governor's Office
Office of the Attorney General
Office of Administration
Southwest Missouri State University
NOT RESPONDING: City of Springfield
This Fiscal Note is not an official copy and should not be quoted or cited.