COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 3725-04
Bill No.: Perfected SCS for SB 1172
Subject: Secretary of State: Archives
Type: Original
Date: March 11, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Mo. State Archives - St. Louis Trust | $0 | $0 | $0 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
At the time of printing this fiscal note the Office of Secretary of State had not responded, however, in response to similar legislation officials stated that an initial endowment based on non-state funds would be secured to help guarantee funds into the future. Reallocation of some Secretary of State Local Records Preservation Program (non-GR) core funds already being spent in the St. Louis area would continue. Officials assume no fiscal impact.
Officials of the Office of State Treasurer assumes that disbursements language has been removed and that the Secretary of State would administer the fund. Officials assume no fiscal impact.
| FISCAL IMPACT - State Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $0 | $0 | $0 | |
| MISSOURI STATE ARCHIVES - ST. LOUIS TRUST FUND | |||
| Income to Mo. State Archives - St. Louis Trust Fund | |||
| from fees, federal, private funds | Unknown | Unknown | Unknown |
| Costs to Mo. State Archives - St. Louis Trust Fund | |||
| from Planning, Maintenance, Construction, Operations of a facility | (Unknown) | (Unknown) | (Unknown) |
| ESTIMATED NET EFFECT TO MO. STATE ARCHIVE - ST. LOUIS TRUST FUND * | $0 | $0 | $0 |
* Oversight assumes annual costs would not exceed annual income, thereby, resulting in either a positive fund balance, or a zero fund balance. For purposes of this fiscal note, the annual balance is shown a $0.
| FISCAL IMPACT - Local Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $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 authorizes the Secretary of State to open and maintain an archival facility in St. Louis. The act also provides the opportunity for the Secretary of State to receive any monies or properties for the development or maintenance of such a facility. Nothing in this act however, would require any local agency, entity, or subdivision to transfer any records to the state archives.
This act establishes the Missouri State Archives - St. Louis Trust Fund, a revolving fund which shall consist of all monies received from federal, private or other sources for the development or
DESCRIPTION continued
maintenance of the archival facility as well as fees generated from the facility. Monies from the fund are to be used exclusively for the development or maintenance of the facility and the State
Treasurer shall be the custodian of the fund. This act prohibits funds obtained through the provisions of the act to be made a part of the general operating budget for the state, or to be transferred into the general revenue 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
Office of Secretary of State
Office of State Treasurer
Mickey Wilson, CPA
Director
March 11, 2004