COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. No.:         4443-01

Bill No.:          SB 970

Subject:           Campaign Finance: Financial Interest Statements

Type:              Original

Date:               January 31, 2008

Bill Summary:            Amends requirements for filing financial interest statements.

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 of the Missouri Ethics Commission assume no fiscal impact to their commission.

Officials of the Office of the Governor assume no fiscal impact.

Officials of the Office of the Lt. Governor assume no fiscal impact.

Officials of the Office of the Attorney General assume no fiscal impact.

Officials of the Office of the State Auditor assume no fiscal impact.

Officials of the Office of the State Treasurer assume no fiscal impact.

Officials of the Office of the State Courts Administrator assume no fiscal impact on the Courts.

Officials of the Office of the Secretary of State stated that many bills considered by the General Assembly include provisions allowing or requiring agencies to submit rules and regulations to implement the act. The Secretary of State’s office is provided with core funding to handle a certain amount of normal activity resulting from each year’s legislative session. The fiscal impact for this fiscal note to Secretary of State’s office for Administrative Rules is less than $2,500. The Secretary of State’s office recognizes that this is a small amount and does not expect that additional funding would be required to meet these costs. However, we also recognize that many such bills may be passed by the General Assembly in a given year and that collectively the costs may be in excess of what our office can sustain with our core budget. Therefore, we reserve the right to request funding for the cost of supporting administrative rules requirements should the need arise based on a review of the finally approved bills signed by the governor.

Oversight assumes the SOS could absorb the costs of printing and distributing regulations related to this proposal. If multiple bills pass which require the printing and distribution of regulations at substantial costs, the SOS could request funding through the appropriation process. Any decisions to raise fees to defray costs would likely be made in subsequent fiscal years.

Officials of the Missouri Senate assume no fiscal impact.

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

Office of the Governor

Office of the Lt. Governor

Office of the Attorney General

Missouri Senate

Office of the Secretary of State - Elections

Office of the State Auditor

Office of the State Treasurer

Missouri Ethics Commission

Office of the State Courts Administrator

                                                                                                Mickey Wilson, CPA

                                                                                                Director

                                                                                                January 31, 2008