COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:1244S.03C Bill No.:SCS for HCS for HB 725 Subject:Crimes and Punishment; Banks and Financial Institutions; Department of
Commerce and Insurance; State Treasurer; Motor Vehicles
Type:Original Date:May 3, 2023Bill Summary:This proposal modifies and creates provisions relating to financial services.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND
AFFECTED
FY 2024FY 2025FY 2026Fully
Implemented
(FY 2028)
General
Revenue*/**
($449,986 to
Could exceed
$1,549,986)
($268,036 to
Could exceed
$1,588,036)
($478,548 to
Could exceed
$1,798,548)
($568,247 to
Could exceed
$1,888,247)
Total Estimated
Net Effect on
General
Revenue
($449,986 to
Could exceed
$1,549,986)
($268,036 to
Could exceed
$1,588,036)
($478,548 to
Could exceed
$1,798,548)
($568,247 to
Could exceed
$1,888,247)
*The fiscal impact stems from an estimated additional 12 persons (FY ’24), 24 persons (FY ’25),
35 persons (FY ’26), and 43 persons (FY ’28) in custody of the Missouri Department of
Corrections.
Department of Corrections; however, we don’t have a good basis to make an estimate. Therefore,
Oversight will assume “less than” DOC’s estimated cost.
** The current cap on the Linked Deposit Program under the Office of the State Treasurer (STO)
is $800 million. This proposal raises it to $1 billion. According to a 2022 report by the STO,
only $292 million was invested in the program. Therefore, Oversight has ranged the fiscal
impact from $0 (the program may not use monies above the $800 million cap even with this bill
and therefore this would not have an impact), to a potential loss of interest income if the STO
had utilized the $200 million in the Linked Deposit Program and could have earned an additional
2.0% of interest on those monies – broken down between General Revenue and Other Funds. L.R. No. 1244S.03C
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ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND
AFFECTED
FY 2024FY 2025FY 2026Fully
Implemented
(FY 2028)
Other State
Funds**
$0 or More or
Less than
($2,233,333)
$0 or More or
Less than
($2,680,000)
$0 or More or
Less than
($2,680,000)
$0 or More or
Less than
($2,680,000)
Highway $0$50,882$101,760$101,760Motor Vehicle
Financial
Responsibility
Verification and
Enforcement$0
(Less than
$30,677) to
Could exceed
$100,723
(Less than
$61,353) to
Could exceed
$201,447
(Less than
$61,353) to
Could exceed
$201,447
Missouri Office
of Prosecution
Services+$0$0$0$0
Division of
Finance (0550)$77,800$221,400$221,400$221,400
Total Estimated
Net Effect on
Other State
Funds
$77,800 or More
or Less than
($2,155,533)
$272,282 or
More or Less
than
($2,438,395)
$323,160 or
More or Less
than
($2,418,493)
$323,160 or
More or Less
than
($2,418,193)
** The current cap on the Linked Deposit Program under the Office of the State Treasurer (STO)
is $800 million. This proposal raises it to $1 billion. According to a 2022 report by the STO,
only $292 million was invested in the program. Therefore, Oversight has ranged the fiscal
impact from $0 (the program may not use monies above the $800 million cap even with this bill
and therefore this would not have an impact), to a potential loss of interest income if the STO
had utilized the $200 million in the Linked Deposit Program and could have earned an additional
2.0% of interest on those monies – broken down between General Revenue and Other Funds.
+ Revenue and costs are anticipated to net to zero by the Missouri Office of Prosecution
Services.
Numbers within parentheses: () indicate costs or losses. L.R. No. 1244S.03C
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND
AFFECTED
FY 2024FY 2025FY 2026Fully
Implemented
(FY 2028)
Total Estimated
Net Effect on
All Federal
Funds $0$0$0$0
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND
AFFECTED
FY 2024FY 2025FY 2026Fully
Implemented
(FY 2028)
General Revenue0 FTE0 FTE1 FTE1 FTETotal Estimated
Net Effect on
FTE 0 FTE0 FTE1 FTE1 FTE
☒ 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
AFFECTED
FY 2024FY 2025FY 2026Fully
Implemented
(FY 2028)
Local
Government$0 or
Unknown
$16,960 or
Unknown to
(Unknown)
$33,920 or
Unknown to
(Unknown)
$33,920 or
Unknown or
(Unknown) L.R. No. 1244S.03C
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FISCAL ANALYSIS
ASSUMPTION
Oversight was unable to receive some of the agency responses in a timely manner due to the
short fiscal note request time. Oversight has presented this fiscal note on the best current
information that we have or on prior year information regarding a similar bill. Upon the receipt
of agency responses, Oversight will review to determine if an updated fiscal note should be
prepared and seek the necessary approval to publish a new fiscal note.
§30.753 – State Treasurer’s ability to invest
Officials from the Office of the State Treasurer (STO) did not respond to their request for
fiscal impact. However, in response to SB 599 (2020), the last time the Linked Deposit program
cap was raised (from $720 million to the current $800 million) the STO stated that total state
revenue will decrease because linked deposit loans earn less in interest than other options that the
State Treasurer has to invest in as a result of this proposal.
Oversight notes, according to a 2022 report issued by the STO (MO BUCK$, Linked Deposits
for small businesses, farms and communities), the following is a summary of Missouri Linked
Deposit Program by Year:
2022 $292,092,410
2021 $281,472,076
2020 $437,486,163
2019 $522,047,970
Per the report, “The program has entered another growth cycle with the rising interest rates
experienced in 2022. After rolling back some the changes we had to make in prior years to slow
the explosive growth, the program slowed dramatically when interest rates neared record low
levels. With interest rates once again on the rise, volume has picked up significantly this year.”
The report noted the current breakout for the Linked Deposit Program as follows:
Small Business Program $82,359,363
Job Enhancement Program $0
Alternative Energy Program $0
Agriculture Program $201,383,185
Local Government Program $0
Multi-Family Housing Program $8,349,862
Total Active Deposits $292,092,410
In assessing the fiscal impact, in 2020 of increasing the cap, the STO estimated a loss of revenue
as: L.R. No. 1244S.03C
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Average 5 year agency bond: 3.00 callable or 2.75 bullet = Average of 2.875% the state earns
Average yield on linked deposit is .668%
Opportunity cost (loss) is 2.207% (2.875% - 0.668%)
Oversight notes the market has changed considerably in three years since this response was
provided by the STO. However, for fiscal impact calculations, Oversight will assume an
opportunity cost (loss) for the additional monies earmarked and utilized in the Linked Deposit
Program of 2.0%
$200,000,000 ($800M – $1B) x 2% = $4,000,000.
At January 31, 2023, the balances of General Revenue and all other state treasury funds were:
General Revenue: $5,609,026,200 33%
All other state funds: $11,351,844,912 67%
TOTAL $16,960,871,112
General Revenue $1,320,000 (33% x $4M)
Other State Funds $2,680,000 (67% x $4M)
TOTAL
Oversight notes that increasing the allocation for Linked Deposits could result in a decrease to
state revenues given that there are investments with higher interest rates of return that the STO
could take advantage of. The interest rate environment with lending institutions will not be
constant and Oversight is unable to determine the amount of businesses that would utilize the
Linked Deposit program in the future. Therefore, Oversight will reflect a loss to general revenue
of up to $1,320,000 and a loss to other state funds of up to $2,680,000.
Oversight also notes there is potential savings to local political subdivisions if they choose to
utilize the Linked Deposit Program. Therefore, Oversight will reflect an unknown positive fiscal
impact to political subdivisions to the extent they avail themselves of up to $200 million in
increased linked deposit authority.
Oversight notes this increase in the Linked Deposit program may have positive benefits to the
various Missouri businesses and entities that utilize the program. Oversight considers these
benefits to be indirect impacts and have not reflected them in the fiscal note.
Oversight notes the amount of linked deposits per the MOBUCK$ report as of 2022
($292,092,410) is far from the current cap of $800 million. Therefore, Oversight will assume the
STO may not utilize the new $200M of cap space provided by this bill. Therefore, Oversight
will reflect the fiscal impact as $0 (increasing the cap does not impact the amount of linked
deposits made) to the estimates provided above. L.R. No. 1244S.03C
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§§303.039, 303.041, 303.420, 303.422, 303.425, 303.430, and 303.440 – Financial responsibility
In response to similar legislation from 2023 (SB 263), officials from the Department of
Revenue (DOR) assumed the following regarding this proposal:
Administrative Impact
The proposal requires the Department to establish and maintain a web-based system for online
insurance verification. The system’s goal is to identify uninsured motorists in the most effective
way. To establish the objectives, details, and deadlines for the system, the Department must
create an advisory council, which consists of representatives from the insurance industry who
will also serve as voting members. To implement and enforce the program and to require real-
time reporting, administrative rules will be promulgated.
The proposal allows the Department to contract or consult with a third-party vendor who has
implemented a similar program in other states to create the web-based system if the Missouri
Office of Prosecution Services declines to enter into the contract; however, there is no initial
funding provided in the proposal to fund a third-party vendor. As such, OA-ITSD will be
responsible for the development, implementation, and maintenance of the system, unless funding
becomes available. The OA-ITSD cost will be shown later in this response.
An online “real-time” insurance verification system will allow law enforcement to verify
compliance with the Financial Responsibility Law at the time of roadside-traffic stops and motor
vehicle crash investigations. This will result in an increase in the number of “no insurance”
citations being issued by law enforcement to motor vehicle operators or owners. Missouri
currently has approximately 7.1 million registered vehicles. The uninsured vehicle rate in
Missouri is believed to be approximately 13 percent.
This equates to 923,000 uninsured vehicles possibly being operated on Missouri roadways, not
including out-of-state vehicles. It is unclear how many citations will be issued annually and of
those, how many will result in a court conviction. According to statics maintained by the
Missouri Attorney General’s Office, in 2019, there were 1,524,640 traffic stops in this state.
This shows 21% of the motor vehicles registered are stopped annually (1,524,640/7,100,000 =
21%). This may result in the Department receiving 193,830 convictions (923,000 x 21%)
annually.
A court sends the conviction either electronically or by paper to the Department to post to the
driver record and assess four points. (§303.025.3). The Department currently receives
approximately 14% of all traffic convictions by paper (193,830 x 14% = 27,136). An Associate
Customer Service Representative (ACSR) can key 350 paper convictions daily. L.R. No. 1244S.03C
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27,136 Number of paper convictions received annually
252 Number of working days per year
108 Convictions received daily
350 Convictions processed per day
0. 31
This process will be absorbed by current FTEs. If the increase is more significant than
anticipated or additional laws are passed that impact the staff who process these court orders,
additional FTEs may be requested through the appropriations process.
The Department is required to issue point warning notices when a person accumulates four
points on their driver record. No insurance convictions result in the assessment of four points.
As such, each of these convictions will result in a point warning notice or a suspension notice for
those individuals who have already accumulated points on their record prior to this point
assessment.
193,830 Number of notices issued by the Department
X $.038 Cost per letter
$7,366 Total Annual Cost for letter
2 Half of FY 2025 after law becomes effective
$3,683 FY 2025 Letter Cost (6 months only)
$7,366 FY 2026 Letter Cost
$7,366 FY 2027 Letter Cost
193,830 Number of envelopes issued by the Department
X $.068 Cost per envelope
$13,180 Total Annual Cost for envelopes
2 Half of FY 2025 after law becomes effective
$6,590 FY 2025 Envelope Cost (6 months only)
$13,180 FY 2026 Envelope Cost
$13,180 FY 2027 Envelope Cost
193,830 Number of notices issued by the Department
X $.55 Cost for postage
$106,607 Total Annual Cost for postage
2 Half of FY 2025 after law becomes effective
$ 53,304 FY 2025 Postage Cost (6 months only)
$106,607 FY 2026 Postage Cost
$106,607 FY 2027 Postage Cost
In summary, Oversight notes the following costs for mailings:
FY 2024FY 2025 (6 Mos.)FY 2026Mailings$0$63,577$127,153 L.R. No. 1244S.03C
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DOR notes this online system will also allow the Department and contract offices to verify
insurance at the time a vehicle is registered or a registration is renewed both in-person and
online. The registration or renewal will be denied if insurance is not confirmed.
The proposal allows the Department to suspend registration of a vehicle if it has reason to
believe a vehicle is uninsured. Currently, the Department enforces compliance with the insurance
law in the following ways:
renewal of registration is denied;
Department pursuant to §303.040, the driver’s operating privilege and the owner’s
vehicle registration is suspended.
The court also has the ability to enter an order suspending the driving privilege, pursuant to
§303.025.3. In CY 2022, the Department received four court-ordered suspensions. The
Department does not have available data to determine an estimated volume of increase, but
assumes it will be minimal enough to be absorbed by current FTE. If the increase is more
significant than anticipated or additional laws are passed that impact the staff who process these
court orders, additional FTE may be requested through the appropriations process.
The Department has no data that would help to determine how much of an increase in hearing
requests the Department will receive, but assumes it will not cause additional FTE. If the
increase in hearing requests is more significant than anticipated or additional laws are passed that
affect the staff who mediate these hearings, additional FTE may be requested through the
appropriations process.
Oversight assumes DOR is provided with core funding to handle a certain amount of activity
each year. Oversight assumes DOR could absorb the costs related to this proposal. If multiple
bills pass which require additional staffing and duties at substantial costs, DOR could request
funding through the appropriation process.
To implement the proposed legislation, DOR states it will be required to:
a minimum of nine months, per bill provisions
system
L.R. No. 1244S.03C
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FY 2025 – Driver License Bureau (DLB)
Associate Research/Data Analyst 450 hrs. @ $20.54 per hr. = $9,243
Research/Data Analyst 175 hrs. @ $25.63 per hr. = $4,485
Administrative Manager 60 hrs. @ $27.82 per hr. = $1,669
$15,397
This legislation will result in an unknown increase in hearings the Department will conduct in
regards to appeals. If the increase in hearings is significant, the Department will request
additional FTE through the appropriations process.
Oversight will reflect an “Unknown” cost to DOR for the administration of Sections 303.420 to
303.440, RSMo, in the Motor Vehicle Financial Responsibility Verification and Enforcement
Fund.
Oversight assumes DOR will use existing staff and will not hire additional FTE to conduct these
activities; therefore, Oversight will not reflect the administrative costs DOR has indicated on the
fiscal note.
DOR notes OA-ITSD services will be required at a cost of $354,996 in FY 2024 (3,736.80 hours
x $95 per hour) and $35,500 in FY 2025 and FY 2026 (373.68 hours x $95 per hour).
Oversight does not have any information to the contrary in regards to DOR’s assumptions;
therefore, Oversight will reflect DOR’s OA-ITSD costs on the fiscal note.
Revenue Impact
DOR states if a no insurance conviction subsequently results in a point accumulation suspension,
the individual will be required to pay a $20 reinstatement fee. With a presumption that 10% of all
convictions received will result in a suspension, the reinstatement fees collected would be:
193,830 Number of annual convictions
X 10% presumed percent of suspensions
19,383 Number of annual point suspensions
X 35% Percent that reinstate annually
6,784 Number of annual reinstatements from these suspensions
X $20 Reinstatement fee per suspension
$135,680 Reinstatement fees collected annually
12 Number of months in a year
$11,307 Increase in reinstatement fees collected monthly
X 6 Number of months in FY 2025 after law becomes effective
$67,842 Fees Collected in FY 2025 (6 months only)
Fees collected will be distributed 75% Highway Fund, 15% Cities, and 10% Counties. L.R. No. 1244S.03C
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FY 2025
$67,842 x 75% = $50,882 Highway Fund
$67,842 x 15% = $10,176 Cities
$67,842 x 10% = $ 6,784 Counties
FY 2026
$135,680 x 75% = $101,760 Highway Fund
$135,680 x 15% = $20,352 Cities
$135,680 x 10% = $13,568 Counties
FY 2026
$135,680 x 75% = $101,760 Highway Fund
$135,680 x 15% = $20,352 Cities
$135,680 x 10% = $13,568 Counties
The fiscal impact estimated above is based on changes in the current Department’s Motor
Vehicle and Driver Licensing system environment. The implementation of this legislation will be
coordinated with the integration of the Department’s Motor Vehicle and Driver Licensing
software system approved and passed by the General Assembly in 2020 (Senate Bill 176). To
avoid duplicative technology development and associated costs to the state, it is recommended a
delayed effective date be added to this bill to correlate with the installation of the new system.
Oversight also notes this proposal creates the “Motor Vehicle Financial Responsibility
Verification and Enforcement Fund”, which shall consist of money collected under Sections
303.420 to 303.440, RSMo. Oversight notes fees from the pretrial diversion program being
established will be deposited into this fund.
Oversight notes the following misdemeanor convictions for violations of ⸹303.025:
FY 2022 7,573
FY 2021 6,478
FY 2020 5,662
Average 6,571
There is no way to determine how much revenue will be collected as a result of this provision;
however, Oversight will estimate that 5% to 25% of violators will participate in the diversion
program.
6,571 x 5% = 329 x $200 (diversion participation fee) = $65,800
6,571 x 25% = 1,643 x $200 (diversion participation fee) = $328,600
Oversight notes because this is a diversion program, offenders may choose this option instead of
paying a normal fine, which will result in a decrease in fine revenue to schools; therefore, L.R. No. 1244S.03C
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Oversight will reflect an “Unknown” loss to schools. For simplicity, Oversight will not reflect
the possibility that fine revenue paid to school districts may act as a subtraction in the foundation
formula in following years.
In response to similar legislation from 2023 (SB 263), officials from the Missouri Office of
Prosecution Services (MOPS) assumed the following regarding this proposal:
If as contemplated in the bill, DOR enters into an agreement with MOPS to administer the
financial responsibility enforcement and compliance incentive diversion program created in
Section 303.425 [much like the MOPS equivalent in Oklahoma does] there will be fiscal impact.
First, there will be a positive fiscal impact to MOPS from its share of the diversion fees collected
but that amount is not able to be determined at this time. The positive financial impact will
depend on the number of diversion cases and the amount of the diversion fee MOPS is allowed
to retain for administering the diversion program. At a minimum, based on the success of the
Oklahoma program, the positive fiscal impact should cover the cost of administering the
diversion program and further replace revenue lost from significantly reduced bad checks
restitution which has severely declined over the past decade, which in turn has significantly
reduced the amount of revenue available to adequately fund the office in serving the state's
prosecutors and circuit attorney.
Second, while MOPS plans on developing and implementing the diversion program with existing
staff including the two FTEs (deputy general counsel and paralegal) added in the FY 2023
budget, there is the possibility of the need to add additional staff. MOPS will evaluate whether
additional staff is needed at the end of the first year of implementation of the diversion program.
Oversight notes that the proposal allows DOR to enter into an agreement with a third party other
than MOPS to administer the diversion program. For fiscal note purposes Oversight will assume
DOR will enter into an agreement with MOPS and will reflect an “Unknown” increase in
revenue for diversion fees and a “$0 or Unknown” cost to MOPS for administering the program.
In response to similar legislation from 2023 (SB 263), officials from the Department of
Commerce and Insurance, Department of Corrections, Missouri Highway PatrolMissouri
Department of Transportation, Office of the State Courts Administrator and Office of the
State Public Defender
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 2022 (SCS for SB 783), officials from the Office of the
State Treasurer assumed the proposal would have no fiscal impact on their organization.
Oversight does not have any information to the contrary. Therefore, Oversight will reflect a zero
impact in the fiscal note for STO. L.R. No. 1244S.03C
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In response to similar legislation from 2023 (SB 263), officials from the Phelps County Sheriff,
Kansas City Police DepartmentSt. Joseph Police Department and St. Louis County Police
Department each assumed 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.
Oversight only reflects the responses received from state agencies and political subdivisions;
however, other law enforcement agencies were requested to respond to this proposed legislation
but did not. A listing of political subdivisions included in the Missouri Legislative Information
System (MOLIS) database is available upon request.
§§361.020 - 408.500 – Division of Finance Provisions
In response to similar legislation from 2023 (Perfected SCS SB 13), officials from the
Department of Commerce and Insurance (DCI) stated the changes to 361.715.2 and
361.715.3 increase the annual license fee and amended license fee for the sale of checks/money
transmitters by $100 per license or amended license. The license year for these lenders runs from
April 15 through April 14; therefore, DOF anticipates an increase in revenue of $18,700
beginning with licenses and amended licenses issued on or after April 15, 2024. This revenue
would be deposited into the Division of Finance Fund.
The change to 364.030.3 increases the annual license fee for financing companies by $100 per
license. The license year for these lenders runs from January 1 through December 31; therefore,
DOF anticipates an increase in revenue of $6,300 beginning with licenses issued on or after
January 1, 2024. Though the statute states the fees collected would be deposited into the general
revenue fund, pursuant to 361.170.4, RSMo, which supersedes this older section, all consumer
licensing fees are credited to the Division of Finance Fund and have been since 1991 as would
the increase in these annual licensing fees.
The change to 364.105.2 increases the annual license fee for premium financing companies by
$100 per license. The license year for these lenders runs from July 1 through June 30; therefore,
DOF anticipates an increase in revenue of $5,200 beginning with licenses issued on or after July
1, 2024. This revenue would be deposited into the Division of Finance Fund.
The change to 365.030.3 increases the annual license fee for motor vehicle financing companies
by $100 per license. The license year for these lenders runs from January 1 through December
31; therefore, DOF anticipates an increase in revenue of $17,400 beginning with licenses issued
on or after January 1, 2024. This revenue would be deposited into the Division of Finance Fund.
The change to 367.140.1 increases the annual license fee for small loan and consumer
installment lenders by $100 per license. The license year for these lenders runs from July 1
through June 30; therefore, DOF anticipates an increase in revenue of $131,500 beginning with
licenses issued on or after July 1, 2024. This revenue would be deposited into the Division of
Finance Fund. L.R. No. 1244S.03C
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The change to 407.640.5 increases the annual license fee for credit service organizations by $100
per license. The license year for these lenders runs from July 1 through June 30; therefore, DOF
anticipates an increase in revenue of $6,900 beginning with licenses issued on or after July 1,
2024. This revenue would be deposited into the Division of Finance Fund.
The change to 408.500.1 increases the annual license fee for pay day lenders by $100 per license.
The license year for these lenders runs from January 1 through December 31; therefore, DOF
anticipates an increase in revenue of $35,400 beginning with licenses issued on or after January
1, 2024. This revenue would be deposited into the Division of Finance Fund.
For the purposes of this estimate, DOF assumes the number of each of these types of lenders will
remain flat in the next three years. Listed below are the projected number of licenses and
amendments for each type of lender and the amount of revenue each is expected to generate
based on these fee changes.
Oversight does not have any information to the contrary. Therefore, Oversight will reflect the
estimated revenue by DCI generated by proposal to the Division of Finance Fund (0550).
Officials from the Branson Police DepartmentSt. Louis County Police Department
each assume the proposal would not fiscally impact their respective departments.
In response to similar legislation from 2023 (Perfected SCS SB 13), officials from the
Department of Public Safety - Missouri Highway Patrol, the Office of the State Public
Defender and the Missouri Office of Prosecution Services each assumed 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 previous version, officials from the Office of the State Courts Administrator
assumed the proposal will have no fiscal impact on their organization. Oversight does not have
any information to the contrary. Therefore, Oversight will reflect a zero impact in the fiscal note
for OSCA. L.R. No. 1244S.03C
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§362.034 – Financial institutions
In response to similar legislation from 2023 (Perfected SB 63), officials from the Department of
Revenue (DOR) stated this proposal would authorize state and local licensing authorities and
agencies, including the MO Department of Revenue, to share the application, license, or other
regulatory and financial information of a marijuana facility with a banking institution and the
banking institution’s state and federal supervisory agencies. It would also require that, in making
a request for such information to be shared, the marijuana facility must include a waiver giving
authorization to transfer individualized data, information, or records.
The proposal would likely impact DOR by resulting in requests for, and potentially the sharing
of, financial and other information by DOR concerning marijuana facilities. If this proposal is
meant to have DOR disclose confidential tax information received by DOR and protected by
Section 32.057 this could result in unknown fiscal impact to the Department. Section 32.057, is
a criminal statute, and prohibits the disclosure of confidential tax information.
The proposal may result in employees of DOR being asked to share certain information with
banking institutions to facilitate financial services for a business involved in marijuana
distribution. Conspiracy to distribute marijuana remains a federal crime. This could increase the
risk of criminal penalties for DOR employees. This proposal could result in an unknown fiscal
impact to DOR.
Oversight assumes because the potential for litigation is speculative that DOR will not incur
significant cost related to this proposal; therefore, Oversight will not reflect a fiscal impact as
result of this proposal.
In response to similar legislation from 2023 (Perfected SB 63), officials from Kansas City stated
this legislation could have a small negative fiscal impact on the city in an indeterminate amount
because of the administrative expenses.
Oversight assumes Kansas City is provided with core funding to handle a certain amount of
activity each year. Oversight assumes Kansas City could absorb the costs related to this proposal.
In response to similar legislation from 2023 (Perfected SB 63), officials from the Department of
Commerce and Insurance, the Department of Natural Resources, the Department of Public
Safety - Missouri Highway PatrolMissouri Department of AgricultureMissouri
Department of Transportation and the City of Springfield each assumed the proposal will
have no fiscal impact on their respective organizations.
In response to a previous version, officials from the Department of Health and Senior Services
and the each assumed 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 on the fiscal note for this section. L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 15 of 27
May 3, 2023
DD:LR:OD
Sections 436.550 – 436.580- Consumer Legal Funding Model Act
In response to similar legislation from 2023 (SB 342), officials from the Department of
Commerce and Insurance (DCI) – Division of Finance (DOF) stated DOF currently licenses
and regulates these types of businesses under Chapter 367. As these businesses transition to new
licenses under Sections 436.550-436.570, DOF estimates 10-15 licenses would move from
Chapter 367 to Chapter 436.
DOF assumes the following:
Section 436.570.2 requires an initial application fee of $500 and an annual license renewal fee
$500. For the purposes of this estimate, DOF has assumed the same number of businesses would
participate in this program as are currently licensed under Chapter 367 which would generate
revenue of $5,000 - $7,500 annually, which would be credited to the Division of Finance Fund
(0550).
Sections 436.571-436.580 provide for the licensing of Civil Litigation Financing companies
DOF. DOF cannot provide an estimate of the number of companies that may file for this type of
license. Section 436.572.3 requires an initial application fee of $550 and an annual license
renewal fee $550. This fiscal estimate is based on one company licensed under these sections.
Each licensee would be subject to an examination by DOF every two years. DOF assumes that
these exams would be divided so that one-half of the licensees would be examined each year.
Examinations are estimated to take 8.53-9.53 hours at an hourly rate of $85.00 per hour for
personal services and expenses. For 5-8 examinations per year, the estimated cost is ($4,050-
$5,800).
Processing of applications and licenses and overhead costs are estimated at $150 per license. For
10-15 licensees, the estimated annual cost is ($1,500-$2,250). Additional hours and costs would
be necessary if hearings are requested for either type of license. For the purposes of this estimate,
DOF assumes there would be no hearings required for Consumer Legal Funding nor Consumer
Litigation Financing Act Licensees.
DOF is allowed to impose administrative fines of up to $1,000 on Consumer Legal Funding
companies that knowingly and willfully violate these sections. For the purposes of this estimate,
DOF assumes there will be no violations of these sections. DOF assumes the workload for
Sections 436.550-436.570 would be shifted to existing staff, replacing the workload lost from
Chapter 367 licenses and paid by the Division of Finance Fund (0550).
Listed below is a summary of expenses to the Division of Finance Fund as estimated by DCI-
DOF:
ExpensesChapter 367 Licenses($5,000) – ($7,000)Chapter 367 Exams$3,801 - $5,322 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 16 of 27
May 3, 2023
DD:LR:OD
Chapter 367
Administration
$1,199 - $2,178Chapter 436 Licenses –
Consumer Legal Funding
$5,000 - $7,000Chapter 436 Licenses –
Consumer Litigation
Financing
$550Chapter 436 Exams($4,050) – ($5,800)Chapter 436
Administration
($1,500) – ($2,250)Net Effect$0
Oversight does not have any information to the contrary. Therefore, Oversight will reflect a
revenue of $5,000 to $7,000 and a cost of $5,000 to $7,000 that nets to a zero fiscal impact to the
Division of Finance Fund (0550).
In response to a similar bill from this year (HB 628), 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 for the AGO.
§§569.100 and 570.030 – Teller machines
In response to a previous version, officials from the Department of Corrections (DOC) stated
this proposal modifies and establishes offenses involving teller machines.
Section 569.100 makes the offense of property damage in the first degree a class D felony;
unless the purpose is to defraud or obtain any property with a value exceeding $750, or the
damage to the teller machine exceeds $750, in which case is a class C felony. The offense of
obtaining personal financial credentials of another person, or second and subsequent violations,
is a class B felony.
Section 570.030 makes the offense of stealing a teller machine (or the contents of including cash,
regardless of the amount) is a class C felony.
The intent of the bill is to create one class B felony, two class C felonies and one class D felony.
Given the seriousness of class B felony offenses and that the introduction of a completely new
class B felony offense is a rare event, the department assumes the admission of one person per
year to prison following the passage of the legislative proposal.
Offenders committed to prison with a class B felony as their most serious sentence had an
average sentence length of 9.0 years and served, on average, 3.4 years in prison prior to first
release. The department assumes one third of the remaining sentence length will be served in L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 17 of 27
May 3, 2023
DD:LR:OD
prison as a parole return, and the rest of the sentence will be served on supervision in the
community.
The cumulative impact on the department is estimated to be 5 additional offenders in prison and
0 additional offenders on field supervision by FY 2028.
For one new nonviolent class D felony, the department estimates three people could be sentenced
to prison and five to probation. The average sentence for a nonviolent class D felony offense is 5
years, of which 2.8 years will be served in prison with 1.7 years to first release. The remaining
2.2 years will be on parole. Probation sentences will be 3 years.
The cumulative impact on the department is estimated to be 8 additional offenders in prison and
16 additional offenders on field supervision by FY 2026.
C
hange in prison admissions and probation openings with legislation-Class B Felony
F
Y2024
F
Y2025
F
Y2026
F
Y2027
F
Y2028
F
Y2029
F
Y2030
F
Y2031
F
Y2032
F
Y2033
N
ew Admissions
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
1 1 1 1 1 1 1 1 1 1
P
robation
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
0 0 0 0 0 0 0 0 0 0
C
hange (After Legislation - Current Law)
A
dmissions
1 1 1 1 1 1 1 1 1 1
P
robations
0 0 0 0 0 0 0 0 0 0
C
umulative Populations
P
rison
1 2 3 4 5 5 5 5 5 5
P
arole
0 0 0 0 0 1 2 3 4 4
P
robation
0 0 0 0 0 0 0 0 0 0
I
mpact
P
rison Population
1 2 3 4 5 5 5 5 5 5
F
ield Population
0 0 0 0 0 1 2 3 4 4
P
opulation Change
1 2 3 4 5 6 7 8 9 9 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 18 of 27
May 3, 2023
DD:LR:OD
For two new class C felonies, the department estimates 8 people could be sentenced to prison
and 12 to probation. The average sentence for a class C felony offense is 6.9 years, of which 3.7
years will be served in prison with 2.1 years to first release. The remaining 3.2 years will be on
parole. Probation sentences will be 3 years.
The cumulative impact on the department is estimated to be 30 additional offenders in prison and
54 additional offenders on field supervision by FY 2029.
The combined cumulative impact of one new class B felony, two new class C felonies, and one
new class D felony on the department is estimated to be 43 additional offenders in prison and 68
additional offenders on field supervision by FY2028.
C
hange in prison admissions and probation openings with legislation-Two Class D Felonies (nonviolent)
F
Y2024
F
Y2025
F
Y2026
F
Y2027
F
Y2028
F
Y2029
F
Y2030
F
Y2031
F
Y2032
F
Y2033
N
ew Admissions
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
3 3 3 3 3 3 3 3 3 3
P
robation
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
5 5 5 5 5 5 5 5 5 5
C
hange (After Legislation - Current Law)
A
dmissions
3 3 3 3 3 3 3 3 3 3
P
robations
5 5 5 5 5 5 5 5 5 5
C
umulative Populations
P
rison
3 6 8 8 8 8 8 8 8 8
P
arole
0 0 1 4 7 7 7 7 7 7
P
robation
5 1
0
1
5
1
5
1
5
1
5
1
5
1
5
1
5
1
5
I
mpact
P
rison Population
3 6 8 8 8 8 8 8 8 8
F
ield Population
5 1
0
1
6
1
9
2
2
2
2
2
2
2
2
2
2
2
2
P
opulation Change
8 1
6
2
4
2
7
3
0
3
0
3
0
3
0
3
0
3
0
C
hange in prison admissions and probation openings with legislation-Three Class C Felonies
F
Y2024
F
Y2025
F
Y2026
F
Y2027
F
Y2028
F
Y2029
F
Y2030
F
Y2031
F
Y2032
F
Y2033
N
ew Admissions
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
8 8 8 8 8 8 8 8 8 8
P
robation
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
C
hange (After Legislation - Current Law)
A
dmissions
8 8 8 8 8 8 8 8 8 8
P
robations
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
C
umulative Populations
P
rison
8 1
6
2
4
3
0
3
0
3
0
3
0
3
0
3
0
3
0
P
arole
0 0 0 2 1
0
1
8
2
6
2
6
2
6
2
6
P
robation
1
2
2
4
3
6
3
6
3
6
3
6
3
6
3
6
3
6
3
6
I
mpact
P
rison Population
8 1
6
2
4
3
0
3
0
3
0
3
0
3
0
3
0
3
0
F
ield Population
1
2
2
4
3
6
3
8
4
6
5
4
6
2
6
2
6
2
6
2
P
opulation Change
2
0
4
0
6
0
6
8
7
6
8
4
9
2
9
2
9
2
9
2 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 19 of 27
May 3, 2023
DD:LR:OD
# to
prison
Cost per
year
Total Costs for
prison
Change in
probation
& parole
officers
Total cost
for
probation
and
parole
# to
probation
& parole
Grand Total -
Prison and
Probation
(includes 2%
inflation)
Year 112($9,499)($94,990)0$017($94,990)Year 224($9,499)($232,536)0$034($232,536)Year 335($9,499)($345,897)1($97,151)52($443,048)Year 442($9,499)($423,377)1($89,668)57($513,045)Year 543($9,499)($442,127)1($90,620)68($532,747)Year 643($9,499)($450,970)1($91,584)77($542,554)Year 743($9,499)($459,989)1($92,558)86($552,547)Year 843($9,499)($469,189)1($93,544)87($562,733)Year 943($9,499)($478,572)1($94,541)88($573,113)Year 1043($9,499)($488,144)1($95,551)88($583,695)
If this impact statement has changed from statements submitted in previous years, it could be due
to an increase/decrease in the number of offenders, a change in the cost per day for institutional
offenders, and/or an increase in staff salaries.
If the projected impact of legislation is less than 1,500 offenders added to or subtracted from the
department’s institutional caseload, the marginal cost of incarceration will be utilized. This cost
of incarceration is $26.024 per day or an annual cost of $9,499 per offender and includes such
costs as medical, food, and operational E&E. However, if the projected impact of legislation is
1,500 or more offenders added or removed to the department’s institutional caseload, the full
cost of incarceration will be used, which includes fixed costs. This cost is $87.46 per day or an
annual cost of $31,921 per offender and includes personal services, all institutional E&E,
C
hange in prison admissions and probation openings with legislation
F
Y2024
F
Y2025
F
Y2026
F
Y2027
F
Y2028
F
Y2029
F
Y2030
F
Y2031
F
Y2032
F
Y2033
N
ew Admissions
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
P
robation
C
urrent Law
0 0 0 0 0 0 0 0 0 0
A
fter Legislation
1
7
1
7
1
7
1
7
1
7
1
7
1
7
1
7
1
7
1
7
C
hange (After Legislation - Current Law)
A
dmissions
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
P
robations
1
7
1
7
1
7
1
7
1
7
1
7
1
7
1
7
1
7
1
7
C
umulative Populations
P
rison
1
2
2
4
3
5
4
2
4
3
4
3
4
3
4
3
4
3
4
3
P
arole
0 0 1 6 1
7
2
6
3
5
3
6
3
7
3
7
P
robation
1
7
3
4
5
1
5
1
5
1
5
1
5
1
5
1
5
1
5
1
I
mpact
P
rison Population
1
2
2
4
3
5
4
2
4
3
4
3
4
3
4
3
4
3
4
3
F
ield Population
1
7
3
4
5
2
5
7
6
8
7
7
8
6
8
7
8
8
8
8
P
opulation Change
2
9
5
8
8
7
9
9
1
11
1
20
1
29
1
30
1
31
1
31 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 20 of 27
May 3, 2023
DD:LR:OD
medical and mental health, fringe, and miscellaneous expenses. None of these costs include
construction to increase institutional capacity.
DOC’s cost of probation or parole is determined by the number of P&P Officer II positions that
are needed to cover its caseload. The DOC average district caseload across the state is 51
offender cases per officer. An increase/decrease of 51 cases would result in a cost/cost avoidance
equal to the salary, fringe, and equipment and expenses of one P&P Officer II.
Increases/decreases smaller than 51 offender cases are assumed to be absorbable.
In instances where the proposed legislation would only affect a specific caseload, such as sex
offenders, the DOC will use the average caseload figure for that specific type of offender to
calculate cost increases/decreases.
Oversight does not have any information contrary to that provided by DOC. However,
Oversight assumes the number of new prisoners detained for these charges will not reach the
estimate provided by DOC, but we don’t have an estimate of the number of new convictions.
Therefore, Oversight will reflect the fiscal impact as “less than” DOC’s estimated impact for
fiscal note purposes.
In response to similar legislation from 2022 (SCS SB 831), officials from the Office of the State
Public Defender (SPD) stated the proposed legislation creates the offense of tampering with a
teller machine, in violation of Section 569.100, and therefore, could increase the number of
persons who are eligible for representation by the State Public Defender (SPD). The fiscal
impact of this legislation on the SPD is unknown as the number of additional cases eligible for
representation as the result of the legislation is unknown, but it is anticipated that any increase
would be less than $250,000.
Oversight notes in FY22 the SPD was appropriated moneys for 53 additional FTE. Oversight
assumes this proposal will create a minimal number of new cases and that the SPD can absorb
the additional caseload required by this proposal with current staff and resources. Therefore,
Oversight will reflect no fiscal impact to the SPD for fiscal note purposes. However, if multiple
bills pass which require additional staffing and duties, the SPD may request funding through the
appropriation process.
In response to a previous version, officials from the Attorney General’s Office, the
Department of Commerce and Insurance, the Department of Public Safety - Missouri
Highway PatrolMissouri Office of Prosecution Services assumed the proposal will
have no fiscal impact on their respective organizations.
In response to previous version, officials from the Office of the State Courts Administrator
assumed the proposal will have no fiscal impact on their organization. Oversight does not have
any information to the contrary. Therefore, Oversight will reflect a zero impact in the fiscal note
for these agencies for these sections. L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 21 of 27
May 3, 2023
DD:LR:OD
FISCAL IMPACT –
State Government
FY 2024
(10 Mo.)
FY 2025FY 2026Fully
Implemented
(FY 2028)
GENERAL
REVENUE
Cost – DOR
(§§303.420 to
303.440) OA-ITSD
services p.6-10 ($354,996)($35,500)($35,500)($35,500)
Cost – DOC
(§§569.100 and
570.030) p. 17-21
Personal service$0$0($50,345)($51,357) Fringe benefits$0$0($34,734)($35,433) Equipment and
expense$0$0($12,072)($3,830)
Increased
incarceration costs($94,990)($232,536)($345,897)($442,127)
Total cost - DOC($94,990)($232,536)($443,048)($532,747) FTE Change -
DOC 0 FTE0 FTE1 FTE1 FTE
Transfer Out –
(§§303.420 to
303.440) To the
Motor Vehicle
Financial
Responsibility
Verification and
Enforcement Fund $0
$0 or
(Unknown)
$0 or
(Unknown)
$0 or
(Unknown)
Loss (§30.753)
Opportunity for
higher returns STO –
if additional monies
are utilized in the
Linked Deposit
Program p.4-5
$0 or More or
Less than
($1,100,000)
$0 or More or
Less than
($1,320,000)
$0 or More or
Less than
($1,320,000)
$0 or More or
Less than
($1,320,000) L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 22 of 27
May 3, 2023
DD:LR:OD
FISCAL IMPACT –
State Government –
(cont)
FY 2024
(10 Mo.)
FY 2025FY 2026Fully
Implemented
(FY 2028)
ESTIMATED NET
EFFECT ON THE
GENERAL
REVENUE FUND
($449,986 to
Could exceed
$1,549,986)
($268,036 to
Could exceed
$1,588,036)
($478,548 to
Could exceed
$1,798,548)
($568,247 to
Could exceed
$1,888,247)
Estimated Net FTE
Change for the
General Revenue
Fund0 FTE0 FTE1 FTE1 FTE
OTHER STATE
FUNDS
Loss (§30.753)
Opportunity for
higher returns STO –
if additional monies
are utilized in the
Linked Deposit
Program p.4-5
$0 or More or
Less than
($2,333,333)
$0 or More or
Less than
($2,680,000)
$0 or More or
Less than
($2,680,000)
$0 or More or
Less than
($2,680,000)
ESTIMATED NET
EFFECT TO
OTHER STATE
FUNDS
$0 or More or
Less than
($2,233,333)
$0 or More or
Less than
($2,680,000)
$0 or More or
Less than
($2,680,000)
$0 or More or
Less than
($2,680,000)
HIGHWAY FUND
(0149)
Revenue –
(§§303.420 to
303.440)
Reinstatement fees
p.6-10 $0$50,882$101,760$101,760
ESTIMATED NET
EFFECT ON THE
HIGHWAY FUND$0$50,882$101,760$101,760 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 23 of 27
May 3, 2023
DD:LR:OD
FISCAL IMPACT –
State Government
(cont)
FY 2024
(10 Mo.)
FY 2025FY 2026Fully
Implemented
(FY 2028)
MOTOR
VEHICLE
FINANCIAL
REPSONSIBILITY
VERIFICATION
AND
ENFORCEMENT
FUND
Transfer In – from
General Revenue
(§§303.420 to
303.440)
p.6-10 $0
$0 or
Unknown
$0 or
Unknown
$0 or
Unknown
Revenue –
(§§303.420 to
303.440) money
collected p.6-10$0
$32,900 to
$164,300
$65,800 to
$328,600
$65,800 to
$328,600
Cost – DOR to
administer program
(§§303.420 to
303.440) p.6-10$0(Unknown)(Unknown)(Unknown)
Cost – DOR
(§§303.420 to
303.440) mailings
p.6-10 $0($63,577)($127,153)($127,153)
ESTIMATED NET
EFFECT ON THE
MOTOR
VEHICLE
FINANCIAL
RESPONSIBILITY
VERIFICATION
AND
ENFORCEMENT
FUND $0
(Less than
$30,677) to
Could exceed
$100,723
(Less than
$61,353) to
Could exceed
$201,447
(Less than
$61,353) to
Could exceed
$201,447 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 24 of 27
May 3, 2023
DD:LR:OD
FISCAL IMPACT –
State Government
(cont)
FY 2024
(10 Mo.)
FY 2025FY 2026Fully
Implemented
(FY 2028)
MISSOURI
OFFICE OF
PROSECUTION
SERVICES FUND
(0680)
Revenue – MOPS
(§§303.420 to
303.440) Fees from
diversion program
p.11 $0UnknownUnknownUnknown
Cost – MOPS
(§§303.420 to
303.440) Costs to
administer program
p.11 $0(Unknown)(Unknown)(Unknown)
ESTIMATED NET
EFFECT ON THE
MISSOURI
OFFICE OF
PROSECUTION
SERVICES FUND$0$0$0$0
DIVISION OF
FINANCE FUND
(0550)
Revenue – DCI
(§§361.020 -
408.500) Increase in
annual license fees
p. 12-14$77,800$221,400$221,400$221,400 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 25 of 27
May 3, 2023
DD:LR:OD
FISCAL IMPACT –
State Government
(cont)
FY 2024
(10 Mo.)
FY 2025FY 2026Fully
Implemented
(FY 2028)
Revenue – DCI
(§§436.550 to
436.580) Annual &
Renewal License
Fees p.15-16$5,000 - $7,000$5,000 - $7,000$5,000 - $7,000$5,000 - $7,000
Cost – DCI
(§§436.550 to
436.580) Shifting
licenses to new
Chapter p.15-16
($5,000) –
($7,000)
($5,000) –
($7,000)
($5,000) –
($7,000)
($5,000) –
($7,000)
ESTIMATED NET
EFFECT TO THE
DIVISION OF
FINANACE FUND $77,800$221,400$221,400$221,400
FISCAL IMPACT
– Local
Government
FY 2024
(10 Mo.)
FY 2025FY 2026Fully
Implemented
(FY 2028)
LOCAL
POLITICAL
SUBDIVISIONS
Revenue (Cities
15%) (§§303.420
to 303.440)
Reinstatement fees
p. 6-10 $0$10,176$20,352$20,352
Revenue (Counties
10%) (§§303.420
to 303.440)
Reinstatement fees
p. 6-10 $0$6,784$13,568$13,568 L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 26 of 27
May 3, 2023
DD:LR:OD
FISCAL IMPACT
– Local
Government (cont)
FY 2024
(10 Mo.)
FY 2025FY 2026Fully
Implemented
(FY 2028)
Savings –
(§30.753) Linked
Deposit
Participation p.4-5
$0 or
Unknown
$0 or
Unknown
$0 or
Unknown
$0 or
Unknown
Loss – Schools
(§§303.420 to
303.430)
Decreased in fine
revenue for those
who choose the
diversion program
over paying the
standard fine p.10-
11 $0
$0 or
(Unknown)
$0 or
(Unknown)
$0 or
(Unknown)
ESTIMATED
NET EFFECT
TO LOCAL
POLITICAL
SUBDIVISIONS
$0 or
Unknown
$16,960 or
Unknown to
(Unknown)
$33,920 or
Unknown to
(Unknown)
$33,920 or
Unknown or
(Unknown)
FISCAL IMPACT – Small Business
Several provisions of this proposal could impact small businesses.
FISCAL DESCRIPTION
This proposal modifies provisions relating to financial services.
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
Attorney General’s Office
Department of Commerce and Insurance
Department of Corrections
Department of Health and Senior Services L.R. No. 1244S.03C
Bill No. SCS for HCS for HB 725
Page 27 of 27
May 3, 2023
DD:LR:OD
Department of Natural Resources
Department of Public Safety
Department of Revenue
Joint Committee on Administrative Rules
Missouri Department of Agriculture
Missouri Department of Transportation
Missouri Office of Prosecution Services
Office of the Secretary of State
Office of the State Treasurer
Office of the State Courts Administrator
Office of the State Public Defender
Phelps County Sheriff
Kansas City Police Department
St. Louis County Police Department
St. Joseph Police Department
City of Kansas City
City of O’Fallon
City of Springfield
NOT RESPONDING
Office of the State Treasurer
Julie MorffRoss StropeDirectorAssistant DirectorMay 3, 2023May 3, 2023