COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:6004H.01I Bill No.:HB 2936 Subject:Easements and Conveyances; Property, Real and Personal; Aircraft and Airports Type:Original Date:April 2, 2024Bill Summary:This proposal authorizes the conveyance of certain state property in Miller
County.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2025FY 2026FY 2027
General Revenue
Unknown or
(Unknown)
$0 or
Unknown
$0 or
Unknown
Total Estimated Net
Effect on General
Revenue
Unknown or
(Unknown)
$0 or
Unknown
$0 or
Unknown
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net
Effect on Other State
Funds $0$0$0
Numbers within parentheses: () indicate costs or losses. L.R. No. 6004H.01I
Bill No. HB 2936
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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 GovernmentUnknown $0 $0 L.R. No. 6004H.01I
Bill No. HB 2936
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FISCAL ANALYSIS
ASSUMPTION
Officials from the Office of Administration (OA) assumes the following regarding this
proposal:
The Office of Administration, Division of Facilities Management, Design and Construction does
not make public 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 Office of the Governor assume 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.
In response to similar proposals regarding conveyances from 2023, officials from the Attorney
General’s Office 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.
As this parcel appears to be material in size (the Lee C. Fine Airport in the city of Osage Beach),
Oversight will reflect the transaction of the conveyance of state property in Miller County as:
1) a loss of the value of the state property;
2) the proceeds (if any) of the sale/conveyance; and
3) the annual savings (if any) to the state no longer maintaining the property.
Oversight will assume a fiscal impact of less than $250,000. L.R. No. 6004H.01I
Bill No. HB 2936
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FISCAL IMPACT – State GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027GENERAL REVENUE FUNDSale Proceeds – conveyance proceeds
of the property (if any)
$0 or
Unknown
$0$0Property value – loss of FMV of the
property(Unknown)$0$0
Savings – for annual
maintenance/upkeep of property – no
longer a state property/interest
$0 or
Unknown
$0 or
Unknown
$0 or
Unknown
ESTIMATED NET EFFECT TO
THE
GENERAL REVENUE FUND
Unknown or
(Unknown)
$0 or
Unknown
$0 or
Unknown
FISCAL IMPACT – Local GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027LOCAL POLITICAL
SUBDIVISIONS
Cost – (City of Osage Beach) of
acquiring the property from the state
$0 or
(Unknown)$0$0
Property increase – (City of Osage
Beach) acquired property’s value Unknown$0$0
ESTIMATED NET EFFECT ON
LOCAL POLITICAL
SUBDIVISIONSUnknown $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. 6004H.01I
Bill No. HB 2936
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FISCAL DESCRIPTION
This bill authorizes a conveyance of State property. The State grants the Lee C. Fine Airport in
Miller County to the City of Osage Beach in Camden County.
The ordinances of the City of Osage Beach will be in force and effect on the land conveyed as
specified in this bill.
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
Office of the Governor
Attorney General’s Office
Julie MorffRoss StropeDirectorAssistant DirectorApril 2, 2024April 2, 2024