COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO. 3812-02
BILL NO. HCS For SB 898
SUBJECT: Fire Protection: State Treasurer
TYPE: Original
DATE: April 16, 1998
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS | |||
FUND AFFECTED | FY 1999 | FY 2000 | FY 2001 |
General Revenue | ($22,700) | ($238,700) | ($238,700) |
Fire Education | $22,700 | $238,700 | $238,700 |
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 |
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 Department of Insurance, the Department of Public Safety, the Department of Revenue, the University of Missouri, and the Office of the State Treasurer stated the proposal would not affect their agencies, administratively.
Oversight notes that the amount of premium taxes transferred to the General Revenue Fund in FY 1997 was less than the amount transferred in FY 1995; therefore, Oversight assumes changing the base year would allow transfers to the Fire Education Fund.
The Governor's Budget for FY 1999 shows General Revenue Insurance Tax receipts of $158,043,999 in FY 1997 and estimates receipts of $158,800,000 for FY 1998 and $166,000,000 for FY 1999. This would allow transfers to the Fire Education Trust Fund of approximately $22,700 in FY 1999 and $238,700 in FY 2000. Oversight assumes receipts would remain constant at $166,000,000 per year, subsequently.
Oversight assumes changes made to Section 320.302, that allows Volunteer Fire Associations to respond to any emergency rather than to respond to only fires would have no fiscal impact.
Any additional fees collected from non-members for answering emergencies would be offset by the costs of providing the service. Oversight assumes no fiscal impact to Volunteer Fire Associations.
FISCAL IMPACT - State Government | FY 1999 | FY 2000 | FY 2001 |
(10 Mo.) | |||
FIRE EDUCATION FUND | |||
Income - Transfers from General Revenue | $22,700 | $238,700 | $238,700 |
GENERAL REVENUE FUND | |||
Cost - Transfers to Fire Education Fund | ($22,700) | ($238,700) | ($238,700) |
FISCAL IMPACT - Local Government | FY 1999 | FY 2000 | FY 2001 |
(10 Mo.) | |||
0 | 0 | 0 | |
FISCAL IMPACT - Small Business | |||
No direct fiscal effect on small businesses would be expected due to this proposal.
DESCRIPTION
This substitute would change the base year for computing transfers from the General Revenue Fund to the Fire Education Fund from FY 1995 to FY 1997.
This substitute allows volunteer fire protection associations to respond to any emergency, including fires. Property owners or individuals who are not members of the association must notify the association not to respond to emergencies involving their property or be liable for the appropriate fees.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. This legislation would not affect Total State Revenue.
SOURCES OF INFORMATION
Department of Insurance
Department of Public Safety
Department of Revenue
State Treasurer
University of Missouri
Jeanne Jarrett, CPA
Director
April 16, 1998