Fiscal Note - SB 0424 - Authorizes Lease of Land for Construction of State Prison
L.R. NO. 1662-01
BILL NO. Truly Agreed To and Finally Passed SB 424
SUBJECT: Corrections, Department of: Property - Real
TYPE: Original
DATE: April 21, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None
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
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 St. Francois County assume that this proposal would have no
fiscal impact to their county.
Officials of the Office of Administration - Design and Construction assume
that this proposal would have no fiscal impact to their agency.
Officials of the Department of Corrections (DOC) stated that since capital
improvements funding has already been appropriated for the lease/purchase of
the new prison at Bonne Terre, the DOC would not incur a fiscal impact as a
result of this proposal. DOC officials noted that this proposal is a
requirement for the State to bid the construction of the facility. In order
for the developer to bid the construction of the facility at Bonne Terre as a
lease/purchase, the State is required to lease the property to the developer
for the term of the lease agreement.
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 proposal would give the Commissioner of Administration the authority to
lease state property located in St. Francois County to a private developer
for the purpose of building a correctional facility.
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
Office of Administration - Design and Construction
Department of Corrections
St. Francois County
This Fiscal Note is not an official copy and should not be quoted or cited.