COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 0984-02

Bill No.: Truly Agreed to and Finally Passed SCS for SCR 8

Subject: Department of Economic Development: Office Building

Type: Original

Date: May 15, 2003



FISCAL SUMMARY



ESTIMATED NET EFFECT ON GENERAL REVENUE FUND
FUND AFFECTED FY 2004 FY 2005 FY 2006
$0 $0 $0
Total Estimated

Net Effect on

General Revenue

Fund

 $0 $0 $0

ESTIMATED NET EFFECT ON OTHER STATE FUNDS
FUND AFFECTED FY 2004 FY 2005 FY 2006
Total Estimated

Net Effect on Other

State Funds

 $0 $0 $0



Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 3 pages.











ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2004 FY 2005 FY 2006
Federal ($5,000) $0 $0
Total Estimated

Net Effect on All

Federal Funds

 ($5,000) $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 2004 FY 2005 FY 2006
Local Government $0 $0 $0




FISCAL ANALYSIS



ASSUMPTION



Officials of the Department of Economic Development stated that there would be a one-time cost to purchase and erect a sign for the building which houses the St. Louis Central Office of the Division of Workforce Development. Officials stated that federal funds could be used and estimate the cost at $5,000.

FISCAL IMPACT - State Government FY 2004

(10 Mo.)

 FY 2005 FY 2006
FEDERAL FUNDS
Department of Economic Development
Cost - Purchase and Placement of Sign ($5,000) $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS ($5,000) $0 $0





FISCAL IMPACT - Local Government FY 2004

(10 Mo.)

 FY 2005 FY 2006
$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 would name the St. Louis Central Office of the Department of Economic Development's Division of Workforce Development after former State Representative Nathaniel J. "Nat" Rivers.

This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. This proposal would not affect Total State Revenue.



SOURCES OF INFORMATION



Department of Economic Development











Mickey Wilson, CPA

Director

May 15, 2003