COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. No.:         3037-01

Bill No.:          HB 1596

Subject:           Education, Higher; Parks and Recreation; Public Records; Public Meetings

Type:              Original

Date:               March 3, 2008

Bill Summary:            This proposal requires additional requirements and public notice for proposed land use changes on land owned by the University of Missouri.

FISCAL SUMMARY

Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 4 pages.

☐ 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).

FISCAL ANALYSIS

ASSUMPTION

Officials at the Department of Higher Education assume that there is no fiscal impact from this proposal.

Officials at the City of Columbia assume a minimal impact, of perhaps several hundred dollars, and not a recurring expense - would incur costs for staff preparation, meeting attendance time and transcription service to record meeting minutes.

Officials at the University of Missouri assume this legislation would severely limit the important University role in promoting economic development in the state through its research parks. The proposed changes would seriously restrict the University's ability to create and expand research parks. They would impose significant burdens on the development of parks by the University and its tenants, and result in delays, and added planning expenses. This would reduce the incentives for companies to locate in Missouri research parks. The loss to the State from reduced development, and costs to the University and research park tenants would be substantial.

Oversight assumes there would be no direct effect on state revenue.

FISCAL IMPACT - Small Business

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

FISCAL DESCRIPTION

The proposed legislation appears to have no fiscal impact.

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 Higher Education

City of Columbia

University of Missouri

                                                                                                Mickey Wilson, CPA

                                                                                                Director

                                                                                                March 3, 2008