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 0897 - Sale of natural resources by the University of Missouri
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
BILL NO. Truly Agreed To And Finally Passed SCS for SB 897
SUBJECT: Education, Elementary and Secondary:
TYPE: Original
DATE: May 13, 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 from the Senate, House of Representatives, Governor's Office, Coordinating Board For Higher Education and State Auditor's Office assume the proposal would result in no fiscal impact to them.
Officials from the Department of Natural Resources (DNR) state they are responsible for programs of the state relating to environmental control and the conservation and management of natural resources. DNR officials assume that any procedures established for the selling, trading or permitting the severance of minerals or other natural resources would be in compliance with the department's statutes and corresponding regulations.
Officials from the University of Missouri (MU) assume the proposal would have no fiscal impact on the university.
| 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 | |||
Small businesses could be negatively impacted if the University would no longer be required to advertise or solicit bids for the sale of timber, mineral or other natural resources.
DESCRIPTION
The proposal would require the University of Missouri to comply with bidding procedures established by rule that mandate notice of the transaction be provided in a manner reasonably calculated to apprise prospective purchasers when selling or severing timber, minerals or other natural resources. Such rule(s) would at a minimum require at least one notice of the transaction be published in a newspaper of general circulation where the resources are located.
The proposal would remove the requirement that notice of the proposed sale would be provided
DESCRIPTION (Continued)
to the Governor, State Auditor, Chief Clerk of the House of Representatives and Secretary of the Senate.
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
Coordinating Board For Higher Education
University of Missouri
Department of Natural Resources
Governor's Office
Senate
House of Representatives
State Auditor's Office
Jeanne Jarrett, CPA
Director
May 13, 1998