COMMITTEE ON LEGISLATIVE RESEARCH OVERSIGHT DIVISION FISCAL NOTE L.R. No.:4328H.02C Bill No.:HCS for HB 1673 Subject:Waste - Radioactive; Waste - Hazardous; Waste - Solid Type:Original Date:March 26, 2024Bill Summary:This proposal modifies criteria of hazardous waste investigations and increases the Hazardous Waste Fund appropriations. FISCAL SUMMARY ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net Effect on General Revenue $0$0$0 ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Hazardous Waste Fund$0 or ($850,000)$0 or ($850,000)$0 or ($850,000) Radioactive Waste Investigation Fund*$0$0$0 Total Estimated Net Effect on Other State Funds$0 or ($850,000)$0 or ($850,000)$0 or ($850,000) *Income and costs net to zero. Oversight notes the Radioactive Waste Investigation Fund has had no activity over the past six fiscal years. Numbers within parentheses: () indicate costs or losses. L.R. No. 4328H.02C Bill No. HCS for HB 1673 Page 2 of March 26, 2024 KB:LR:OD ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net Effect on All Federal Funds $0$0$0 ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2025FY 2026FY 2027Total 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 2025FY 2026FY 2027Local Government$0$0$0 L.R. No. 4328H.02C Bill No. HCS for HB 1673 Page 3 of March 26, 2024 KB:LR:OD FISCAL ANALYSIS ASSUMPTION Officials from the Department of Natural Resources and Office of the State Treasurer 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. Oversight notes this proposal increases the amount that can be transferred from the Hazardous Waste Fund to the Radioactive Waste Investigation Fund from $150,000 to $1,000,000. Oversight will reflect this increase as “$0 or up to $850,000” and will also reflect the increased amount as additional investigation costs. Oversight notes the Hazardous Waste Fund (0676) had a balance of $10,909,477 as of February 29, 2024. The Radioactive Waste Investigation Fund (0560) has not been utilized in at least the past six years. Upon further inquiry, DNR states, to their knowledge, the Radioactive Waste Investigation Fund had not received any requests that would have required an investigation, thus not requiring funds. However, DNR submitted a New Decision Item (NDI) this year to get authority to spend from this fund. The NDI stated: Currently, the department has no sustainable funds to oversee the federal government’s remediation activities or to conduct radioactive investigations under Section 260.558, RSMo. Due to the increased interest in the radiological remediation projects currently underway and to numerous issues that have drawn the public interest, it is anticipated that the department will receive numerous requests for investigations. General Revenue is being requested because the current Hazardous Waste Fund balance cannot support the current workload as well as the radioactive waste investigation workload. As a result, without this General Revenue funding, the department would be unable to fund the vast majority of these requests. L.R. No. 4328H.02C Bill No. HCS for HB 1673 Page 4 of March 26, 2024 KB:LR:OD FISCAL IMPACT – State GovernmentFY 2025 (10 Mo.) FY 2026FY 2027HAZARDOUS WASTE FUND (0676) Transfer Out – DNR – to the Radioactive Waste Investigation Fund $0 or ($850,000) $0 or ($850,000) $0 or ($850,000) ESTIMATED NET EFFECT ON THE HAZARDOUS WASTE FUND $0 or ($850,000) $0 or ($850,000) $0 or ($850,000) RADIOACTIVE WASTE INVESTIGATION FUND (0560) Transfer In – DNR – from the Hazardous Waste Fund$0 or $850,000$0 or $850,000$0 or $850,000 Cost – DNR – investigations of radioactive waste $0 or ($850,000) $0 or ($850,000) $0 or ($850,000) ESTIMATED NET EFFECT ON THE RADIOACTIVE WASTE INVESTIGATION FUND$0$0$0 FISCAL IMPACT – Local GovernmentFY 2025 (10 Mo.) FY 2026FY 2027$0$0$0 FISCAL IMPACT – Small Business No direct fiscal impact to small businesses would be expected as a result of this proposal. FISCAL DESCRIPTION This proposal modifies criteria of hazardous waste investigations and increases the Hazardous Waste Fund appropriations. This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. L.R. No. 4328H.02C Bill No. HCS for HB 1673 Page 5 of March 26, 2024 KB:LR:OD SOURCES OF INFORMATION Department of Natural Resources Office of the State Treasurer Julie MorffRoss StropeDirectorAssistant DirectorMarch 26, 2024March 26, 2024