COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:4823H.02I Bill No.:HB 2564 Subject:Internet and E-Mail; Business and Commerce; Economic Development Type:Original Date:February 10, 2022Bill Summary:This proposal establishes the Twenty-First Century Innovation Hub Task
Force.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2023FY 2024FY 2025Total Estimated Net
Effect on General
Revenue $0$0$0
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2023FY 2024FY 2025Total Estimated Net
Effect on Other State
Funds $0$0$0
Numbers within parentheses: () indicate costs or losses. L.R. No. 4823H.02I
Bill No. HB 2564
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February 10, 2022
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2023FY 2024FY 2025Total Estimated Net
Effect on All Federal
Funds $0$0$0
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2023FY 2024FY 2025Total Estimated Net
Effect on FTE 000
☐ Estimated Net Effect (expenditures or reduced revenues) expected to exceed $250,000 in any
of the three fiscal years after implementation of the act or at full implementation of the act.
☐ Estimated Net Effect (savings or increased revenues) expected to exceed $250,000 in any of
the three fiscal years after implementation of the act or at full implementation of the act.
ESTIMATED NET EFFECT ON LOCAL FUNDSFUND AFFECTEDFY 2023FY 2024FY 2025Local Government$0$0$0 L.R. No. 4823H.02I
Bill No. HB 2564
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February 10, 2022
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FISCAL ANALYSIS
ASSUMPTION
Officials from the Department of Elementary and Secondary Education, the Department of
Higher Education and Workforce Development, the Missouri House of Representatives,
Legislative Research, and the Missouri Department of Agriculture each assume the proposal
would not fiscally impact their respective agencies.
Officials from the Office of the Governor state the bill adds to the Governor’s current load of
appointment duties. Individually, additional requirements should not fiscally impact the Office of
the Governor. However, the cumulative impact of additional appointment duties across all
enacted legislation may require additional resources for the Office of the Governor.
Officials from the Missouri Senate anticipate a negative fiscal impact to reimburse three
senators for travel to task force meetings. In summary, it will cost approximately $383.67 per
meeting.
Oversight notes members of the Twenty-First Century Innovation Hub Task Force shall serve
without compensation, but may be reimbursed for actual and necessary expenses. Oversight will
assume this will not create a material fiscal impact to the Missouri Senate or to other state
agencies. Oversight will not reflect a cost to the state on the fiscal note.
FISCAL IMPACT – State GovernmentFY 2023
(10 Mo.)
FY 2024FY 2025$0$0$0FISCAL IMPACT – Local GovernmentFY 2023
(10 Mo.)
FY 2024FY 2025$0$0$0
FISCAL IMPACT – Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal. L.R. No. 4823H.02I
Bill No. HB 2564
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February 10, 2022
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FISCAL DESCRIPTION
The proposed legislation appears to have no direct 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 Elementary and Secondary Education
Department of Higher Education and Workforce Development
Missouri House of Representatives
Missouri Senate
Legislative Research
Missouri Department of Agriculture
Office of the Governor
Julie MorffRoss StropeDirectorAssistant DirectorFebruary 10, 2022February 10, 2022