COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 0669-02

Bill No.: Perfected HCS for HB 93

Subject: Easements and Conveyances

Type: Original

Date: March 14, 2003



FISCAL SUMMARY



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

Net Effect on All

Federal Funds

 $0 $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 from the Office of the Governor, Office of Administration - Division of Design and Construction and the City of Fulton assume the proposal would have no fiscal impact on their agencies.



Officials from the Office of the Attorney General assume any potential costs arising from this proposal can be absorbed with existing resources.





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



This proposal authorizes the Governor to convey a permanent easement on state property in Callaway County to the City of Fulton for the purpose of constructing a hiking and biking trail. In the event the City of Fulton ceases to use the property for a hiking or biking trail the easement would be void, and the City of Fulton would be responsible for executing any documents required to remove the easement from the recorded title of the property. The Attorney General shall approve as to form the instrument of conveyance. Section A of this proposal has an emergency clause.



This proposal 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 the Governor

Office of Administration - Division of Design and Construction

City of Fulton

Office of the Attorney General





Mickey Wilson, CPA

Director

March 140, 2003