COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:5371H.01I Bill No.:HB 2568 Subject:Property, Real and Personal; Department of Transportation; Easements and
Conveyances
Type:Original Date:February 3, 2022Bill Summary:This proposal authorizes the conveyance of property owned by the state in
Pike County to the State Highways and Transportation Commission.
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. 5371H.01I
Bill No. HB 2568
Page 2 of
February 3, 2022
KB:LR:OD
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. 5371H.01I
Bill No. HB 2568
Page 3 of
February 3, 2022
KB:LR:OD
FISCAL ANALYSIS
ASSUMPTION
Officials from the Office of Administration, Division of Facilities Management, Design and
Construction (OA) state they do not make public the appraisal values for property that may be
sold or conveyed because public knowledge of such information may hinder the State’s ability to
gain the best value for the property. Additionally, since the terms of conveyances are yet to be
determined, the fiscal impact, if any, cannot be calculated. Therefore, the fiscal impact is $0 to
unknown.
Officials from the Missouri Department of Transportation and Office of the Governor each
assume the proposal will have no fiscal impact on their respective organizations. Oversight does
not have any information to the contrary. Therefore, Oversight will reflect a zero impact in the
fiscal note for these agencies.
In response to a similar proposal from 2021 (HB 731), officials from the Attorney General’s
OfficeOversight does
not have any information to the contrary. Therefore, Oversight will reflect a zero impact in the
fiscal note.
Oversight notes this proposal conveys a parcel of property of land from the state to the Missouri
Department of Transportation (MoDOT) for $1 or less (for land containing 1 8/10 acres more or
less). Oversight assumes the fiscal impacts of this transaction to OA and MoDOT are not
material and therefore we will not reflect a fiscal impact from this conveyance.
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. 5371H.01I
Bill No. HB 2568
Page 4 of
February 3, 2022
KB:LR:OD
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
Office of Administration
Missouri Department of Transportation
Office of the Governor
Attorney General’s Office
Julie MorffRoss StropeDirectorAssistant DirectorFebruary 3, 2022February 3, 2022