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 0928 - Authorizes sale of property to the City of St. Peters
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO. 3889-01
BILL NO. Truly Agreed To and Finally Passed SB 928
SUBJECT: Conveyance of DMH Property to the City of St. Peters, Missouri
TYPE: Original
DATE: April 21, 1998
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 1999 | FY 2000 | FY 2001 |
| Mental Health Housing Trust | $9,570 | $0 | $0 |
| Total Estimated
Net Effect on All State Funds* |
$9,570 | $0 | $0 |
* Does not include reduction in land and buildings with a historical cost of $6,321.
|
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 3 pages.
FISCAL ANALYSIS
ASSUMPTION
Officials from the Office of Governor and Office of Attorney General assume this proposal will not fiscally impact their agencies.
Officials from the Department of Mental Health (DMH) state that the land to be conveyed is a part of the St. Charles Habilitation Center and it is to be used to improve a trafficway. The DMH assumes the City of St. Peters will pay the DMH $9,570 for deposit into the Mental Health Housing Trust Fund. The DMH also indicates a reduction in fixed assets for the value of the land.
Officials from the Office of Administration - Division of Design and Construction stated that the land was purchased in 1985 for $451,503 for 15 acres of land. This equates to $30,100 an acre. The conveyance is for .21 acres and has a historical cost of $6,321. Consideration for the conveyance of the .21 acres is $9,570. The payment is to be deposited into the Mental Health Housing Trust Fund.
For the purposes of this fiscal note, Oversight assumes the City of St. Peters will pay the state $9,570 for the property and that the funds will be deposited into the Mental Health Housing Trust Fund.
| FISCAL IMPACT - State Government | FY 1999 | FY 2000 | FY 2001 |
| (10 Mo.) | |||
| MENTAL HEALTH HOUSING TRUST FUND | |||
| Income - Department of Mental Health | |||
| Sale of .21 Acres | $9,570 | $0 | $0 |
|
ESTIMATED NET EFFECT ON MENTAL | |||
| HEALTH HOUSING TRUST FUND* | $9,570 | $0 | $0 |
| * Does not include reduction in state land and buildings with a historical cost of $6,321. | |||
| 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 proposal will authorize the conveyance of property owned by the Department of Mental Health to the city of St. Peters for the purpose of widening a road. The consideration for the
conveyance is $9,570 to be deposited in the Mental Health Trust Fund.
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
Department of Mental Health
Office of Governor
Office of Administration - Division of Design and Construction
Office of Attorney General
Jeanne Jarrett, CPA
Director
April 21, 1998