COMMITTEE ON LEGISLATIVE RESEARCH OVERSIGHT DIVISION FISCAL NOTE L.R. No.:0361S.01I Bill No.:SB 237 Subject:Boards, Commissions, Committees, and Councils; Housing Type:Original Date:January 30, 2023Bill Summary:This proposal modifies the membership of the Missouri Housing Development Commission. FISCAL SUMMARY ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2024FY 2025FY 2026Total Estimated Net Effect on General Revenue $0$0$0 ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2024FY 2025FY 2026Total Estimated Net Effect on Other State Funds $0$0$0 Numbers within parentheses: () indicate costs or losses. L.R. No. 0361S.01I Bill No. SB 237 Page 2 of January 30, 2023 RAS:LR:OD ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2024FY 2025FY 2026Total Estimated Net Effect on All Federal Funds $0$0$0 ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2024FY 2025FY 2026Total 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 2024FY 2025FY 2026Local Government$0$0$0 L.R. No. 0361S.01I Bill No. SB 237 Page 3 of January 30, 2023 RAS:LR:OD FISCAL ANALYSIS ASSUMPTION Officials from the Department of Economic DevelopmentOffice of the Governor each assume the proposal will have no fiscal impact on their respective organizations. Officials form the assume no fiscal impact – the House will absorb any reasonable expenses of our members serving on the Commission. Officials from the Missouri Senate (SEN) state they anticipate a negative fiscal impact to the Senate contingent appropriation to reimburse 2 Senators for travel and per diem to attend meetings of the Missouri Housing Development Commission. In summary, it will cost approximately $381.60 per meeting. The SEN assumes no fiscal responsibility for the other committee members. Oversight assumes adding four members (two from the House of Representatives and two from the Senate) to the Missouri Housing Development Commission would not create a material fiscal impact. Therefore, Oversight will not reflect a fiscal impact from this change. Oversight notes that the above mentioned agencies have stated the proposal would not have a direct fiscal impact on their organization. Oversight does not have any information to the contrary. Therefore, Oversight will reflect a zero impact on the fiscal note. FISCAL IMPACT – State GovernmentFY 2024 (10 Mo.) FY 2025FY 2026$0$0$0FISCAL IMPACT – Local GovernmentFY 2024 (10 Mo.) FY 2025FY 2026$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. 0361S.01I Bill No. SB 237 Page 4 of January 30, 2023 RAS: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 Department of Economic Development Office of the Governor Missouri House of Representatives Missouri Senate Julie MorffRoss StropeDirectorAssistant DirectorJanuary 30, 2023January 30, 2023