COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. No.:         4924-02

Bill No.:          HB 2037

Subject:           Licenses - Motor Vehicle: Motor Vehicles; Revenue Department

Type:              Original

Date:               February 15, 2008

Bill Summary:           Revises the specialty license plate application process so that organizations seeking specialty plates have to first seek approval from the General Assembly.

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 from the Department of Corrections - Missouri Vocational Enterprises, Department of Transportation, and the Office of State Treasurer state this proposed legislation will have no fiscal impact on their respective agencies.

Officials from the Department of Revenue state they will have to revise procedures and related applications, but that any cost can be absorbed with existing resources.

Officials from the Office of Secretary of State (SOS) assume many bills considered by the General Assembly include provisions allowing or requiring agencies to submit rules and regulations to implement the act. The SOS is provided with core funding to handle a certain amount of normal activity resulting from each year’s legislative session. The fiscal impact to the SOS office for Administrative Rules for this proposal is less than $2,500. The SOS recognizes this is a small amount and does not expect additional funding would be required to meet these costs. However, SOS also recognizes that many such bills may be passed in a given year and that collectively the costs may be in excess of what the SOS can sustain with their core budget. Any additional required funding would be handled through the budget process.

Officials from the Missouri Senate that this proposal either has no fiscal impact as it relates to their agency or minimal costs which can be absorbed by present appropriations.

Officials from the Missouri House of Representatives did not respond to a request for fiscal note.

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 Revenue

Department of Transportation

Department of Corrections

            Missouri Vocational Enterprises

Missouri Senate

Office of Secretary of State

            Administrative Rules Division

Office State Treasurer

NOT RESPONDING

Missouri House of Representatives

                                                                                                Mickey Wilson, CPA

                                                                                                Director

                                                                                                February 15, 2008