Bill Summary: Creates the Large Animal Veterinary Student Loan Program and modifies the Large Animal Medicine Loan Repayment Program.

ESTIMATED NET EFFECT ON GENERAL REVENUE FUND
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on General Revenue Fund	$0	$0	$0

ESTIMATED NET EFFECT ON OTHER STATE FUNDS
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on Other State Funds	$0	$0	$0

ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on All Federal Funds	$0	$0	$0

ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on FTE	0	0	0

☐ Estimated Total Net Effect on All funds expected to exceed $100,000 savings or (cost).

☐ Estimated Net Effect on General Revenue Fund expected to exceed $100,000 (cost).

ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED	FY 2008	FY 2009	FY 2010
Local Government	$0	$0	$0

Officials from the Coordinating Board for Higher Education assume no fiscal impact to their agency.

Officials from the University of Missouri - Columbia would incur no additional costs as a result of the passage of this proposal.

Officials from the Department of Agriculture (AGR) assume this proposal would require AGR to implement and maintain the large animal veterinary student loan program. It will require resources from the AGR to implement. Overall increasing the number of large animal veterinarians in the state is will significantly improve the surveillance of the AGR.

It is assumed that current personnel will be able to implement the program. The AGR estimated administration costs to be $10,000. This figure includes administrative supplies, hosting advisory council meetings, and associated travel.

All cost will be paid through the fund created in this proposal. Therefore there will be no direct impact on general revenue.

Officials from the State Treasurer's Office assume that they only ensure the disbursements are made from a lawful appropriation and don't exceed the amount of the appropriation. They suggest the following wording change: "The state treasurer shall be custodian of the fund. In accordance with sections 30.1.170 and 30.180 RSMo., the state treasurer may approve disbursements".

If the wording isn't changed, they will need an FTE (Accounting Specialist I - $39,324 plus $17,762 fringe = $57,086) to monitor these disbursements. (This will be allocated proportionately as a retention of interest earnings on state funds in accordance with Section 30.605 RSMo.).

Officials from the Veterinary Medical Board did not respond to our fiscal impact request.

No direct fiscal impact to small businesses would be expected as a result of this proposal.

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

FISCAL IMPACT - State Government	FY 2008 (10 Mo.)	FY 2009	FY 2010

	$0	$0	$0