COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 0541-03
Bill No.: Perfected HCS for HB 472
Subject: Boards: Community Improvement Districts
Type: Original
Date: March 18, 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 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 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 of the Department of Economic Development assume no fiscal impact.
Officials of the City of Springfield assume no fiscal impact.
Timing would not allow the Cities of St. Joseph, St. Louis, Columbia, and Kansas City to respond.
| FISCAL IMPACT - State Government | FY 2004 | FY 2005 | FY 2006 |
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 2004 | 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
Current law requires that each community improvement district be governed by a board with five to 30 directors. Whether elected or appointed to the board, half of the directors serve for two
years and the other half serve for four. If there are an odd number of directors, the director who received the least number of votes serves for two years.
For districts formed after this substitute goes into effect, half of the directors will serve a term of two years and half will serve a term of three or four years. The length of the term will be determined before the election or appointment of the directors. If an odd number of directors are elected or appointed, the director who received the least number of votes will serve for two years.
The substitute also grants districts the power to repair, restore, or maintain any abandoned cemetery within its boundaries.
This legislation has an emergency clause.
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 Economic Development
City of Springfield
Mickey Wilson, CPA
Director
March 18, 2003