COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:4950S.01I Bill No.:SB 1296 Subject:Property, Real and Personal; Governor and Lt. Governor Type:Original Date:January 30, 2024Bill Summary:This proposal conveys certain state property.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2025FY 2026FY 2027General 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
*Oversight will assume a net fiscal impact of less than $250,000.
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Truman State
UniversityUnknown $0$0
Total Estimated Net
Effect on Other State
Funds Unknown $0$0
Numbers within parentheses: () indicate costs or losses. L.R. No. 4950S.01I
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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. 4950S.01I
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FISCAL ANALYSIS
ASSUMPTION
Section 1 – property in Kirksville to the Kirksville R-III school district
Officials from the Office of Administration (OA) assume 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 a similar proposal from 2023 (HCS for HB Nos. 802, 807 & 886), officials from
the Attorney General’s Office
organization. Oversight does not have any information to the contrary. Therefore, Oversight will
reflect a zero impact in the fiscal note.
In response to a similar proposal from 2022 (SCS for HCS for HB 1597), officials from the
Missouri National Guard (MONG) assumed the proposal would not fiscally impact their
organization.
Officials from the City of Kirksville did not respond to Oversight’s
As this parcel appears to be material in size, Oversight will reflect the transaction of the
conveyance of state property in Adair 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.
Section 2 - property in Kirksville to Truman State University
Officials from the Office of Administration (OA) assume 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 L.R. No. 4950S.01I
Bill No. SB 1296
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January 30, 2024
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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 a similar proposal from 2023 (HCS for HB Nos. 802, 807 & 886), officials from
the Attorney General’s Office
organization. Oversight does not have any information to the contrary. Therefore, Oversight will
reflect a zero impact in the fiscal note.
Officials from Truman State University did not respond to Oversight’s request for fiscal impact.
FISCAL IMPACT – State GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027GENERAL REVENUE FUNDSale Proceeds – conveyance proceeds
of the properties (if any)
$0 or
Unknown$0$0
Property value – loss of FMV of the
properties(Unknown)$0$0
Savings – for annual
maintenance/upkeep of properties
$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
TRUMAN STATE UNIVERSITYCost - of acquiring the property from
the state (Section 2)
$0 or
(Unknown)$0$0
Property increase – acquired property’s
value (Section 2)Unknown$0$0
ESTIMATED NET EFFECT TO
TRUMAN STATE UNIVERSITYUnknown $0 $0 L.R. No. 4950S.01I
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FISCAL IMPACT – Local GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027KIRKSVILLE R-III SCHOOL
DISTRICT
Cost - of acquiring the property from
the state (Section 1)
$0 or
(Unknown)$0$0
Property increase – acquired property’s
value (Section 1)Unknown$0$0
ESTIMATED NET EFFECT TO
KIRKSVILLE R-III SCHOOL
DISTRICTUnknown $0 $0
FISCAL IMPACT – Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
The act authorizes the conveyance of state property located in the City of Kirksville.
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
Attorney General’s Office
Office of the Governor
Missouri National Guard
Julie MorffRoss StropeDirectorAssistant DirectorJanuary 30, 2024January 30, 2024