This Fiscal Note is not an official copy and should not be quoted or cited.
This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0734 - Authorizes the Health and Educational Facilities Authority to issue bonds for cultural facilities
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO. 2970-03
BILL NO. HCS for SB 734
SUBJECT: Missouri Health and Educational Facilities Authority
TYPE: Original
DATE: April 28, 1998
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 1999 | FY 2000 | FY 2001 |
| None | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 |
| 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 3 pages.
FISCAL ANALYSIS
ASSUMPTION
Officials of the Office of Administration-Division of Accounting assume that the proposal would have no impact on their agency.
Oversight notes that any debt of the Missouri Health and Educational Facilities Authority (HEFA) is not considered state debt, and therefore any additional debt incurred by HEFA would not impact state funds.
| FISCAL IMPACT - State Government | FY 1999 | FY 2000 | FY 2001 |
| 0 | 0 | 0 | |
| FISCAL IMPACT - Local Government | FY 1999 | FY 2000 | FY 2001 |
| 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 allow the Missouri Health and Educational Facilities Authority to issue bonds for cultural facilities. It would also allow the Authority to participate with other states in the issuance of bonds or other indebtedness for educational, health and cultural facilities located in Missouri.
The proposal has an emergency clause and is to be effective upon passage and approval.
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-Division of Accounting
Jeanne Jarrett, CPA
Director
April 28, 1998