Bill Summary: This proposal extends the sunset date from June 30, 2010 to June 30, 2015 for the Tourism Supplemental Revenue Fund and allows certain school districts to not make up cancelled classes for weather related reasons.

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 Department of Economic Development - Division of Tourism (DED) state the proposed legislation extends the sunset from June 30, 2010 to June 30, 2015. This will allow the Division of Tourism to continue marketing and generating $2.80 state tax revenue for every dollar in the Division of Tourism budget. The fiscal impact would begin in Fiscal Year 2011 and would provide funding for the Missouri Division of Tourism for an additional five years. During these additional five years, the Division, through its promotional efforts would have a positive impact on Missouri's tourism economy.

Officials from the Department of Revenue, Department of Elementary and Secondary Education and the Office of the State Treasurer each assume the proposal would not fiscally impact their respective agencies.

Oversight assumes the fiscal impact of this proposal would begin in Fiscal Year 2011, which is beyond the scope of this fiscal note. The annual appropriations from the General Revenue fund into the Tourism Supplemental Revenue Fund for fiscal years 2006 and 2007 have been $13,231,882 and $17,767,811 respectively.

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

This act extends the expiration date from June 30, 2010 to June 30, 2015 for the Division of Tourism Supplemental Revenue Fund.

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