COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0561-01
Bill No.: Perfected HB 412
Subject: Appropriations; Elections; Governor & Lieutenant Governor
Type: Original
Date: February 25, 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 from the Missouri House of Representatives, Office of the Governor, Missouri Senate and Missouri Ethics Commission assume the proposal will not fiscally impact their organizations.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $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 requires a governor-elect to form a gubernatorial inaugural committee, which will be subject to all the requirements of the campaign finance disclosure laws. The House of Representatives and Senate will form a legislative inaugural committee to receive and accept contributions, monetary and in-kind, to be used solely to support legislative inaugural activities. The committee will be subject to all reporting requirements, penalties, procedures, limitations, and obligations of candidate committees and of candidates for offices in the House of Representatives. No public funds may be spent on a gubernatorial inaugural activity until the committee is formed. The expenditure of public funds will not be subject to the contribution limitation in section 130.032. Any funds remaining in the committee's account will escheat to the 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
Missouri Ethics Commission
Missouri House of Representatives
Office of the Governor
Missouri Senate
Mickey Wilson, CPA
Director
February 25, 2003