COMMITTEE ON LEGISLATIVE RESEARCH OVERSIGHT DIVISION FISCAL NOTE L.R. No.:0522H.01I Bill No.:HB 63 Subject:Transportation, Department Of; Veterans; Roads and Highways Type:Original Date:December 23, 2024Bill Summary:This proposal designates the "LCPL Keo Joe Kushner Memorial Highway" in Montgomery County. FISCAL SUMMARY ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net Effect on General Revenue $0$0$0 ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028State Road Fund($4,000)$0$0Total Estimated Net Effect on State Road Fund (0320)($4,000)$0$0 Numbers within parentheses: () indicate costs or losses. L.R. No. 0522H.01I Bill No. HB 63 Page 2 of December 23, 2024 BR:LR:OD ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net Effect on All Federal Funds $0$0$0 ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2026FY 2027FY 2028Total 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 2026FY 2027FY 2028Local Government$0$0$0 L.R. No. 0522H.01I Bill No. HB 63 Page 3 of December 23, 2024 BR:LR:OD FISCAL ANALYSIS ASSUMPTION Section 227.877 – Road Naming Officials from the Missouri Department of Transportation (MoDOT) state this proposal is estimated to have a total negative impact on the State Road Fund of $4,000. This would be a one-time expense as the language requires MoDOT to fund this designation with no costs for sign fabrication and installation recouped through the participation fee. The estimated cost is $2,000 per sign, with 2 total signs for this designation. Oversight has no information to the contrary. Therefore, Oversight will present the fiscal impact of this proposal as provided by MoDOT. FISCAL IMPACT – State GovernmentFY 2026 (10 Mo.) FY 2027FY 2028STATE ROAD FUND (0320)Costs – MoDOT (227.877) Memorial Road Sign($4,000)$0$0ESTIMATED NET EFFECT ON THE STATE ROAD FUND($4,000)$0$0 FISCAL IMPACT – Local GovernmentFY 2026 (10 Mo.) FY 2027FY 2028$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. 0522H.01I Bill No. HB 63 Page 4 of December 23, 2024 BR:LR:OD FISCAL DESCRIPTION This bill establishes the "LCPL Keo Joe Keshner Memorial Highway" on that portion of State Highway F from CRD Long Road continuing north to State Highway V in Montgomery County. The Department of Transportation will erect and maintain appropriate signs with the costs to be paid by the Department of Transportation. 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 Missouri Department of Transportation Julie MorffJessica HarrisDirectorAssistant DirectorDecember 23, 2024December 23, 2024