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 0277 - Abolishes the State Park Revolving Fund
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 1134-01
BILL NO.: Perfected SB 277
SUBJECT: State Parks Earnings Fund
TYPE: Original
DATE: February 17, 1999
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| State Parks Earnings Fund | $0 | $195,000 | $0 |
| State Park Revolving Fund | $0 | ($195,000) | $0 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON FEDERAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
The Department of Revenue and the Office of the State Treasurer assume they would not be fiscally impacted by this proposal.
The Department of Natural Resources (DNR) assumes the balance of the State Park Revolving Fund will be transferred to the State Parks Earnings Fund on July 1, 2000 and the State Park Revolving Fund will cease to exist. The balance in the State Park Revolving Fund is expected to be approximately $195,000.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| STATE PARKS EARNINGS FUND | |||
| Income | |||
| Transfer in from State Parks Revolving Fund | $0 | $195,000 | $0 |
| STATE PARKS REVOLVING FUND | |||
| Loss | |||
| Transfer out to State Parks Earnings Fund | $0 | ($195,000) | $0 |
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (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 repeals portions of Sections 253.081 and 253.090, RSMo, relating to certain state park funds and enacts in lieu thereof one new section relating to the same subject. This act makes all proceeds from concessions, facilities, and resale items in the funds directed to the "State Park Earnings Fund". All money remaining in the state park revolving fund on the effective date of this proposal shall be deposited in the state parks earnings 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 Natural Resources
Department of Health
Office of the State Treasurer
Jeanne Jarrett, CPA
Director
February 17, 1999