SB 0880 - Fiscal Note

Fiscal Note - SB 0880 - Only owners of record to be named as defendants in abandoned property proceedings

COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. NO. 2889-01

BILL NO. SB 880

SUBJECT: Housing; Property; Courts; Civil Procedure

TYPE: Original

DATE: February 17, 1998

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FISCAL SUMMARY

ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED	FY 1999	FY 2000	FY 2001
None
Total Estimated Net Effect on All State Funds	$0	$0	$0

ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED	FY 1999	FY 2000	FY 2001
None
Total Estimated Net Effect on All Federal Funds	$0	$0	$0

ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED	FY 1999	FY 2000	FY 2001
Local Government	$0	$0	$0

Numbers within parentheses: ( ) indicate costs or losses

This fiscal note contains 2 pages.

FISCAL ANALYSIS

ASSUMPTION

Officials of the Office of State Courts Administrator assume this proposal would not fiscally impact their agency.

Officials from the Office of Prosecution Services (OPS) assume the proposed legislation could increased the workload of some county prosecutors; however, OPS assumes that any impact would be minimal and could be absorbed with existing resources

FISCAL IMPACT - State Government	FY 1999	FY 2000	FY 2001
	(10 Mo.)
	0	0	0
FISCAL IMPACT - Local Government	FY 1999	FY 2000	FY 2001
	(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 act revises procedures for rehabilitating abandoned property for low and moderate income housing purposes. Only the owners of record shall be named as defendants (not all parties in interest).

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 State Courts Administrator

Office of Prosecution Services

Jeanne Jarrett, CPA

Director

February 17, 1998