COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0496-01
Bill No.: SB 148
Subject: Motor Carriers; Motor Vehicles; Revenue Dept., Highway Patrol
Type: Original
Date: February 4, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Road Fund | ($241,485) | $0 | $0 |
| Total Estimated
Net Effect on Other State Funds |
($241,485) | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials with the Department of Public Safety, State Public Defender, Office of Prosecution Services and Bi-State Development assume this proposal would have no fiscal impact on their agencies.
Officials with the Department of Revenue and Office of State Courts Administrator assume they could absorb any additional cost associated with this proposal.
Officials with the Department of Transportation (MoDOT) assume this proposal could result in increased cost to replace road signs to reflect the new speed limit for trucks impacted by this legislation. MoDOT estimates that 850 new signs could be required at a cost of $284.10 each.
FY 04 Cost
New highway signs (850*$284.10) $241,485
Oversight notes that additional revenue due to increased fines is likely to be minimal. Therefore, no revenue impact for state or local governments due to increased fines is included in this fiscal note.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| ROAD FUND | |||
| Cost-Department of Transportation | |||
| New road signs | ($241,485) | $0 | $0 |
| ESTIMATED EFFECT ON
ROAD FUND |
($241,485) |
$0 |
$0 |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
An increase in labor costs for shipping companies may be passed on to small businesses in the form of higher freight charges as a result of this proposal. Additionally, any firms that are classified as small businesses and use trucks over the weight limit could be adversely affected by higher labor costs.
DESCRIPTION
This proposal would set the speed limits for commercial motor vehicles at five miles per hour less on rural and urban interstates, freeways and expressways of this state.
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 Public Safety
Department of Revenue
Department of Transportation
Office of State Courts Administrator
Office of Prosecution Services
State Public Defender
Bi-State Development Agency
Mickey Wilson, CPA
Director
February 4, 2003