COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:5286H.07C Bill No.:HCS for SS for SB 1359 Subject:Business and Commerce; Insurance - General; Insurance - Life; Banks and
Financial Institutions
Type:Original Date:April 29, 2024Bill Summary:This proposal modifies business standards for certain financial institutions.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2025FY 2026FY 2027General Revenue
Fund($2,669,667)($7,536,946)($8,009,224)
Total Estimated Net
Effect on General
Revenue($2,669,667)($7,536,946)($8,009,224)
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Division of Finance
Fund (0550)*
(Unknown) to
Unknown
(Unknown) to
Unknown
(Unknown) to
Unknown
Total Estimated Net
Effect on Other State
Funds
(Unknown) to
Unknown
(Unknown) to
Unknown
(Unknown) to
Unknown
*Oversight assumes the Department of Commerce and Insurance – Division of Finance will
charge and collect fees sufficient to cover their cost to administer the new Money Modernization
Act of 2024. Oversight assumes the net difference between fees and costs each year will not
reach the $250,000 threshold.
Numbers within parentheses: () indicate costs or losses. L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Federal Funds*$0$0$0Total Estimated Net
Effect on All Federal
Funds $0$0$0
* Income and costs are estimated to be $14 million annually beginning in FY 2026 and net to
zero.
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 or Unknown$0 or Unknown$0 or Unknown L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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FISCAL ANALYSIS
ASSUMPTION
Section 208.151 - MO HealthNet benefits for persons who have been diagnosed with breast or
cervical cancer
Officials from the Department of Social Services (DSS), MO HealthNet Division (MHD)
state this legislation amends Chapter 208 and adds one new section that would create additional
pathways for Breast and Cervical Cancer Treatment (BCCT) participants to be screened. This
legislation would apply to the MO HealthNet (MHD) Fee-for-Service state plan. MHD identified
1,365 potential eligible participants that could enroll in this program. MHD projected that within
the first year (FY25), this population would ramp up over the first 10 months. An average
monthly cost of $1,238 for BCCT participants was determined. A 6.3% medical inflation rate
was used for FY26 and FY27.
FY25: Total – $7,625,957 (GR - $2,645,444; Federal - $4,980,512)
FY26: Total – $21,555,633 (GR - $7,477,649; Federal - $14,077,984)
FY27: Total – $22,913,638 (GR - $7,948,741; Federal - $14,964,897)
Oversight does not have information to the contrary and therefore, Oversight will reflect the
estimates as provided by the DSS, MHD.
In response to a similar proposal from this year (HB 2875), officials from the Department of
Health and Senior Services and the Newton County Health Department 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 only reflects the responses received from state agencies and political subdivisions;
however, other local public health 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.
§§303.425 - 303.450 - Motor Vehicle Financial Responsibility
Officials from the Department of Commerce and Insurance (DCI) assume the department
believes the costs of this bill can be absorbed within current appropriations. However, should the
cost be more than anticipated, the department would request an increase in FTE and/or
appropriations as appropriate through the budget process.
Repeal of Sections 361.700- 361.727 and enactment of Sections 361.900– 361.1035 – Money
Transmitter L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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In response to a similar proposal from this year (HCS/HB 2087), officials from the Department
of Commerce and Insurance (DCI) – Division of Finance (DOF) assumed the following:
DOF assumes these sections authorize the director of the Division of Finance to administer,
interpret, and enforce Sections 361.800-361.840. It provides rulemaking authority for DOF and
addresses confidentiality of information submitted by licensees and applicants. It further permits
the commissioner to enforce sections and regulations pertaining to money transmitters, and
outlines required submissions by applicants for a money transmitter license.
Revenue Estimate
Money transmitter companies are currently licensed under Sections 361.700-361.727. If passed
these sections would be repealed and replaced by Sections 361.900-361.1035. For the purposes
of this estimate, DOF assumes all of the 171 entities currently licensed under 361.700-361.727
would convert their license to that which is authorized by Sections 361.900-361.1035.
Section 361.921
This section allows DOF to charge each money transmitter licensed under these sections for
costs associated with their annual examinations. DOF assumes the commissioner will set
licensure and renewal fees at a level to sustain the program without charging for licensee
examinations.
Section 361.936
An Initial Application Fee and a License Fee set by the commissioner is required with the
submission of an application for license. The fee would be set based on the cost to sustain
operation of the licensure program. Licenses would be effective on the date of issuance by DOF
and would expire on December 31 of each year. Annual renewal fees would be set by the
commissioner based on the total operating expenses of the program.
Section 361.951
A fee set by the commissioner is required to accompany a request to acquire control of a licensee
along with an application for acquisition. DOF estimates that 10%, or 9 such transactions would
take place each year. The fee would be set at an amount sufficient to sustain operation of the
program based on estimated operating costs.
Section 361.1026
This section authorizes the director to assess civil penalties for violations of 361.900-361.1035.
Revenue Loss
Since all of those currently licensed under Sections 361.700-361.727 are assumed to transition to
these new licenses, DOF expects a loss of revenue from renewals under 361.700-361.727. The
fee for renewals is $400 annually, resulting in a revenue loss of an estimated $68,400.
Expense Estimate L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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Section 361.921.1(1)
DOF assumes this section authorizes examinations of licensees which would be conducted by a
Senior Consumer Credit Examiner. Regular examinations would take place biennially, with half
of the licensees examined each year. This would require an estimated 86 examinations be
performed each year. It is estimated that a Senior Consumer Credit Examiner would spend an
average of forty hours to complete an examination. Completed examinations would be submitted
to the central office of the Division for compilation and formatting by an Administrative Office
Support Assistant (AOSA). Examinations would be reviewed and approved by the Supervisor of
Consumer Credit, estimated to take three hours for each examination.
Based on the average salaries of $53.15 for a Senior Consumer Credit Examiner; $19.91 per hour
for an AOSA; and $64.46 for the Supervisor of Consumer Credit. The personal service cost for
each examination is estimated at $2,339. Travel expenses are estimated at $500 - $2,500 per
examination depending on the location of the licensee. For this estimate, the median of $1,500
per exam was used.
Applications submitted pursuant to Section 361.936 would be reviewed by a Senior Consumer
Credit Examiner, requiring an estimated 8 hours each; the Supervisor of Consumer Credit would
spend an average of 1 hour reviewing recommendations of the Senior Consumer Credit
Examiner regarding licensure approval or denial. It would take an average of 1 hour for the
AOSA to process the approval or denial of each application.
Renewal of licenses for money transmitters would be completed on an annual basis, beginning
January 1 after of the date of original issuance. Because the number of money transmitters has
been fairly stable, it is estimated that ten would opt not to renew their licenses in FYs 2026 and
2027, but would be replaced by new licensees. Renewal requests would be reviewed by a Senior
Consumer Credit Examiner, taking an average of 6 hours each. Review of the recommendation
for approval or denial would be handled by the Supervisor of Consumer Credit taking
approximately one hour. The AOSA would then process the renewal license or denial at one hour
per license.
Those entities seeking to acquire control of a money transmitter license are required to submit an
application for acquisition. DOF assumes approximately 10% of licenses would have an
acquisition application filed each year. For these 9 applications, an average of eight hours would
be required for review by a Senior Consumer Credit Examiner, one hour of review of the
recommendation of approval or denial by the Supervisor of Consumer Credit, and one hour to
process the approval or denial of the acquisition.
Sections 361.957 – 361.963
DOF assumes these sections require money transmitters to submit several reports to the Division
including financial statements, reports of condition, and special events that affect the licensee.
DOF estimates it would take a Senior Consumer Credit Examiner six hours to review each report L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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and the Supervisor of Consumer Credit an average of one hour each to address any concerns
identified by the Examiner.
Fringe Benefits are estimated at the standard rate. Supplies and expenses for employees assigned
to this program are estimated at $11,261 per FTE annually. Because the majority of Consumer
Credit examination staff are telecommuters, rent and janitorial expenses would only be necessary
for the AOSA and Supervisor positions.
DOF administrative support services, including general administration, training, human
resources, accounting, budget, legal, and information technology services are covered in a 15%
administrative overhead rate. This includes promulgation of rules and development of forms and
websites to support these sections.
Cost Savings
Since those currently licensed under Sections 361.700-361.727 would transition to these new
licenses, DOF expects that 171 renewals will not be processed, saving an estimated $68,400.
DOF assumes that this workload would be picked up by existing staff since repealed Sections
361.700-361.727 would eliminate some existing workload.
Because the commissioner determines the fees associated with licensures and renewals under
361.900-361.1035, DOF assumes the fees would be set at a level sufficient to sustain the
operations of the program. Therefore, the net effect on the Division of Finance Fund (0550)
would be $0.
Listed below is a summary revenue and expenses expected by DCI-DOF as a result of this
proposal.
FY 2025FY 2026FY 2027Revenue – Money Transmitter Fees$680,533 $694,144$708,028Cost Avoidance$68,400$68,400$68,400FTE Expense($680,533)($694,144)($708,028)Licensing Fees Loss($68,400)($68,400)($68,400)Total$0$0$0
Oversight notes the cost related to the FTE expense provided by DOF is for existing staff and
not additional FTE. Oversight assumes DOF will have some additional expense related to the
proposal, however, Oversight also assumes DOF will set the associated fees of the newly created
license sufficient enough to sustain the program without any additional cost or loss to the
department. Oversight will reflect an unknown revenue and an unknown cost to the Division of
Finance Fund (0550), roughly netting to zero. L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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DOF assumes all of the 171 entities currently licensed under 361.700-361.727 would convert
their license to that which is authorized.
Therefore, Oversight will reflect the fiscal estimate to the Division of Finance Fund (0550) as a
net revenue of Unknown.
Officials from the Department of Corrections (DOC) state the proposal modifies provisions
relating to financial transactions.
361.981, which includes one class E felony penalty and one class A misdemeanor penalty
applicable to instances in which an authorized delegate fails to remit money in accordance with
the written contract required by subsection 2 of section 361.1275 or as otherwise directed by the
licensee or required by law.
361.1023, which associates two class E felony penalties and one class A misdemeanor penalty
with violations of requirements under sections 361.900 to 361.1035.
Misdemeanor penalties are not generally within the purview of the department.
The bill creates three new class E felonies.
For each new nonviolent class E felony, the department estimates one person could be sentenced
to prison and two to probation. The average sentence for a nonviolent class E felony offense is
3.4 years, of which 2.1 years will be served in prison with 1.4 years to first release. The
remaining 1.3 years will be on parole. Probation sentences will be 3 years.
The cumulative impact on the department is estimated to be 6 additional offenders in prison and
21 additional offenders on field supervision by FY 2027.
C
hange in prison admissions and probation openings with legislation
F
Y2025
F
Y2026
F
Y2027
F
Y2028
F
Y2029
F
Y2030
F
Y2031
F
Y2032
F
Y2033
F
Y2034
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
6 6 6 6 6 6 6 6 6 6
C
hange (After Legislation - Current Law)
A
dmissions
3 3 3 3 3 3 3 3 3 3
P
robations
6 6 6 6 6 6 6 6 6 6
C
umulative Populations
P
rison
3 6 6 6 6 6 6 6 6 6
P
arole
0 0 3 3 3 3 3 3 3 3
P
robation
6 1
2
1
8
1
8
1
8
1
8
1
8
1
8
1
8
1
8
I
mpact
P
rison Population
3 6 6 6 6 6 6 6 6 6
F
ield Population
6 1
2
2
1
2
1
2
1
2
1
2
1
2
1
2
1
2
1
P
opulation Change
9 1
8
2
7
2
7
2
7
2
7
2
7
2
7
2
7
2
7 L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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* 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 $26.545 per day or an annual cost of $9,689 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 $99.90 per day or an
annual cost of $36,464 per offender and includes personal services, all institutional E&E,
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.
A summary of DOC cost is provided in the table below:
# to
prison
Cost per
year
Total Costs for
prison
# to
probation
& parole
Cost per
year
Total cost
for
probation
and parole
Grand Total -
Prison and
Probation
(includes 2%
inflation)
Year 13($9,499)($24,223)0absorbed$0($24,223)Year 26($9,499)($59,297)0absorbed$0($59,297)Year 36($9,499)($60,483)0absorbed$0($60,483)Year 46($9,499)($61,692)0absorbed$0($61,692)Year 56($9,499)($62,926)0absorbed$0($62,926)Year 66($9,499)($64,185)0absorbed$0($64,185)Year 76($9,499)($65,468)0absorbed$0($65,468)Year 86($9,499)($66,778)0absorbed$0($66,778)Year 96($9,499)($68,113)0absorbed$0($68,113)Year 106($9,499)($69,476)0absorbed$0($69,476) L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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Oversight does not have any information to the contrary. Therefore, Oversight will reflect
estimate provided by DOC to the General Revenue Fund for FY 2025, FY 2026 and FY 2027.
In response to a previous version, officials from the Office of the State Public Defender (SPD)
stated per the recently released National Public Defense Workload Study, the new charge
contemplated by this changes to Sections 361.939, 361.984, and 361.1023 would take
approximately twenty-two hours of SPD work for reasonably effective representation. If one
hundred cases were filed under this section in a fiscal year, representation would result in a need
for an additional attorney. Because the number of cases that will be filed under this statute is
unknown, the exact additional number of attorneys necessary is unknown. Each case would also
result in unknown increased costs in the need for core staff, travel and litigation expenses.
Oversight assumes this proposal will create a minimal number of new cases that will be referred
to the SPD 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.
Officials from the Office of the State Courts Administrator (OSCA) assume there may be
some impact but there is no way to quantify that currently. Any significant changes will be
reflected in future budget requests.
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 this year (HCS/HB 2087), officials from the Office of
Budget & Planning stated this proposal creates new class E felonies and class A misdemeanors.
To the extent that any related fines are deposited into the state treasury, this proposal could
increase total state revenue by an unknown amount.
The Division of Finance has previously assumed that all of the entities currently licensed would
convert their license to that which is authorized under the new sections. Because the
commissioner determines the fees associated with licensures and renewals under this legislation,
DOF has previously assumed the fees would be set at a level sufficient to sustain the operations
of the program and furthermore assumed the net effect on the fund balance would be $0. B&P
notes that TSR may be impacted if fees and revenues are set at a level where the net impact on
the fund is not $0.
In response to a previous version, officials from the Missouri Sheriffs' Retirement System
stated that this legislation may have a negative impact if this legislation passes. The Retirement
System hires investment managers to invest its assets based on the investment policy. Setting
constraints on investment guidelines has a potential of limiting investment earnings used to
finance the retirement system. At the time the negative impact is unknown. L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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Oversight assumes because the potential of limiting investment earnings is speculative that the
Missouri Sheriffs' Retirement System will not incur significant cost related to this proposal.
Therefore, Oversight will reflect a zero impact in the fiscal note.
Section 374.192
Officials from the Department of Commerce and Insurance (DCI) assume the costs of this bill
can be absorbed within their current appropriations. However, should the cost be more than
anticipated, the department would request an increase in FTE and/or appropriations as
appropriate through the budget process.
Oversight does not have any information to the contrary. Therefore, Oversight will reflect a zero
impact in the fiscal note.
Section 380.621
Officials from the Department of Revenue (DOR) assume this proposal exempts Missouri
mutual insurance companies from rules and regulations other than those in Section 380.621.
Currently insurance companies are required to pay premium tax under Chapter 148. This
proposal appears to exempt these companies from the premium tax. Each year DCI calculates
the amount of premium tax owed by the companies. DOR defers to DCI for the estimate of the
loss to state revenue.
Oversight assumes this version of section 380.621 changes this provision and will not eliminate
premium tax collection as mentioned in previous fiscal notes.
In response to a previous version, officials from the Office of Administration - Budget and
Planning deferred to the Department of Commerce and Insurance for the potential fiscal impact
of this proposal.
Section 427.300 – Financial Disclosure Law
In response to a similar proposal from this year (HCS/HB 2087), officials from the Department
of Commerce and Insurance (DCI) stated (Section 427.300) there are very few companies that
provide the types of commercial financing products described in this section, though the Division
of Finance (DOF) does not have an exact number. When California passed something similar,
they had two companies; DOF assumes Missouri will have less than five. The initial registration
would be set at $100 each, so up to $500 total revenue in the first year. If all of the companies
renewed annually, at $50 each, subsequent years' revenue would be $250. The registration
process is not work-intensive and would cost about $36.53 to process (½ hour for an AOSA
@$19.91/hour + ½ hour for an Examiner @ $53.15/hour = $36.53). For five registrations, each
year would cost $182.61. Since there is no review orenforcement authority granted in the
language, that is the extent of the fiscal impact. L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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FY 2024 FY 2025 FY 2026
Revenue $0-$500 $0-$250 $0-250
Expense ($183-$0) ($186-$0) ($190-$0)
Net Effect $0-$317 $0-$64 $0-$60
Oversight assumes these amounts are not material and will not reflect them in the fiscal note.
Oversight also notes §427.300.6 requires that any person who violates this section shall be
punished by a fine of $500 per incident, not to exceed $20,000 for all aggregated violations. Any
person who violates this section after receiving written notice of prior violation from the AGO
shall be punished by a fine of $1,000 per incident, not to exceed $50,000 for all aggregated
violations. Oversight will assume any potential fine revenue generated from this subsection will
be distributed to local school districts instead of being credited to the state’s Merchandising
Practices Revolving Fund. For simplicity, Oversight will reflect a $0 or Unknown amount of
fine revenue received by school districts. Oversight notes these amount may act as a deduction
in the following year school funding formula; however, Oversight will simply reflect a possible
positive impact to schools from the fine revenue.
Bill as a whole:
Officials from the Office of Administration - Administrative Hearing Commission, the
Department of Economic DevelopmentDepartment of Elementary and Secondary
Education, the Department of Higher Education and Workforce Development, the
Department of Health and Senior Services, the Department of Mental Health, the
Department of Labor and Industrial Relations, the Department of Natural Resources, the
Department of Public Safety – Division of Alcohol and Tobacco Control, Fire Safety,
Missouri Gaming Commission, Missouri Veterans Commission, State Emergency
Management Agency, Missouri Highway Patrol the Missouri Department of Agriculture,
Missouri Department of Transportation, Missouri National Guard, MoDOT & Patrol
Employees’ Retirement System, the Office of the State Public Defender, Office of the State
Treasurer, the Missouri Senate, the Missouri House of Representatives, the Oversight
Division, the Legislative Research, the Missouri Lottery Commission, the Missouri
Consolidated Health Care Plan, the Missouri Office of Prosecution Services, the Missouri
State Employee's Retirement System, the Office of the State Auditor and the State Tax
Commission 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.
Rule Promulgation
Officials from the Joint Committee on Administrative Rules assume this proposal is not
anticipated to cause a fiscal impact beyond its current appropriation. L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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Officials from the Office of the Secretary of State (SOS) note many bills considered by the
General Assembly include provisions allowing or requiring agencies to submit rules and
regulations to implement the act. The SOS is provided with core funding to handle a certain
amount of normal activity resulting from each year's legislative session. The fiscal impact for
this fiscal note to the SOS for Administrative Rules is less than $5,000. The SOS recognizes that
this is a small amount and does not expect that additional funding would be required to meet
these costs. However, the SOS also recognizes that many such bills may be passed by the
General Assembly in a given year and that collectively the costs may be in excess of what the
office can sustain with its core budget. Therefore, the SOS reserves the right to request funding
for the cost of supporting administrative rules requirements should the need arise based on a
review of the finally approved bills signed by the governor.
FISCAL IMPACT – State GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027GENERAL REVENUECosts – DSS, MHD (§208.151)
Additional Breast and Cervical Cancer
Treatment (BCCT) participants
screenings p. 3($2,645,444)($7,477,649)($7,948,741)
Cost – DOC
Incarceration Cost §§361.900-
631.1035 p. 7-8($24,223)($59,297)($60,483)
ESTIMATED NET EFFECT ON
GENERAL REVENUE($2,669,667)($7,536,946)($8,009,224)
DIVISION OF FINANCE FUND
(0550)
Revenue – DOF - Application,
Licensing & Acquisitions from Money
Transmission Modernization Act of
2024 §§361.900-631.1035 p.3-7
UnknownUnknownUnknown
Cost – DOF - FTE additional workload
and additional costs implementing the
Money Transmission Modernization
Act of 2024 §§361.900-631.1035 p.3-7(Unknown)(Unknown)(Unknown) L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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FISCAL IMPACT – State GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027Savings – DOF repeal of Sections
361.700-361.727 – administrative costs
p.3-7
$68,400$68,400$68,400
Loss – DOF of licensing fees from
repeal of Sections 361.700-361.727
p.3-7($68,400)($68,400)($68,400)
ESTIMATED NET EFFECT TO
THE DIVISION OF FINANCE
FUND
(Unknown) to
Unknown
(Unknown) to
Unknown
(Unknown) to
Unknown
FEDERAL FUNDSIncome - DSS, MHD (§208.151)
Program reimbursements p. 3$4,980,513$14,077,984$14,964,897
Costs – DSS, MHD (§208.151)
Additional Breast and Cervical Cancer
Treatment (BCCT) participants
screenings p. 3($4,980,513)($14,077,984)($14,964,897)
ESTIMATED NET EFFECT ON
FEDERAL FUNDS$0$0$0
FISCAL IMPACT – Local GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027SCHOOL DISTRICTS Potential Fine Revenue – to school
districts – RSMo §427.300.6 p.10-11
$0 or
Unknown
$0 or
Unknown
$0 or
Unknown
ESTIMATED NET EFFECT TO
SCHOOL DISTRICTS$0 or
Unknown
$0 or
Unknown
$0 or
Unknown
FISCAL IMPACT – Small Business
A direct fiscal impact to mutual insurance companies could be expected as a result of this
proposal. L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
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April 29, 2024
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Small business medical clinics could see an increase in patients for screening for breast or
cervical cancer.
A direct fiscal impact to small businesses that act as a money transmitter would be expected as a
result of this proposal as well as certain small financing businesses.
There could be a direct fiscal impact to small businesses who handle or apply for real estate and
agricultural loans as a result of this proposal.
FISCAL DESCRIPTION
This proposal modifies business standards for certain financial institutions.
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 Commerce and Insurance
Department of Economic Development
Department of Elementary and Secondary Education
Department of Higher Education and Workforce Development
Department of Health and Senior Services
Department of Mental Health
Department of Natural Resources
Department of Corrections
Department of Labor and Industrial Relations
Department of Revenue
Department of Public Safety
Division of Alcohol and Tobacco Control
Capitol Police
Fire Safety
Missouri Gaming Commission
Missouri Highway Patrol
Missouri National Guard
State Emergency Management Agency
Missouri Veterans Commission
Department of Social Services
Joint Committee on Administrative Rules
Missouri Lottery Commission
Legislative Research
Oversight Division
Missouri Consolidated Health Care Plan L.R. No. 5286H.07C
Bill No. HCS for SS for SB 1359
Page 15 of 15
April 29, 2024
KC:LR:OD
Missouri Department of Agriculture
Missouri Department of Conservation
Missouri Ethics Commission
Missouri House of Representatives
Missouri Department of Transportation
Missouri State Employee's Retirement System
MoDOT & Patrol Employees’ Retirement System
Missouri Office of Prosecution Services
Office of Administration
Administrative Hearing Commission
Budget and Planning
Office of the State Courts Administrator
Office of the State Auditor
Missouri Senate
Office of the Secretary of State
Office of the State Public Defender
Office of the State Treasurer
State Tax Commission
Julie MorffRoss StropeDirectorAssistant DirectorApril 29, 2024April 29, 2024