COMMITTEE ON LEGISLATIVE RESEARCH OVERSIGHT DIVISION FISCAL NOTE L.R. No.:1898S.01I Bill No.:SB 534 Subject:Federal - State Relations Type:Original Date:January 13, 2025Bill Summary:This proposal establishes the "Daylight Saving as New Standard Time Pact". 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 2028Total Estimated Net Effect on Other State Funds $0$0$0 Numbers within parentheses: () indicate costs or losses. L.R. No. 1898S.01I Bill No. SB 534 Page 2 of January 13, 2025 KC: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. 1898S.01I Bill No. SB 534 Page 3 of January 13, 2025 KC:LR:OD FISCAL ANALYSIS ASSUMPTION Officials from the Office of Administration 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. Oversight notes, according to the National Conference of State Legislatures (NCSL): “In the last six years, 20 states have enacted legislation or passed resolutions to provide for year-round daylight saving time, if Congress were to allow such a change, and in some cases, if surrounding states enact the same legislation. Because federal law does not currently allow full- time DST, Congress would have to act before states could adopt changes. The 20 states are: action is pending so it is not counted). Some states have commissioned studies on the topic including Massachusetts (2017) and Maine (2021). Two states—Arizona and Hawaii—and the U.S. territories of American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands observe permanent standard time.” FISCAL IMPACT – State GovernmentFY 2026 (10 Mo.) FY 2027FY 2028$0$0$0FISCAL 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. 1898S.01I Bill No. SB 534 Page 4 of January 13, 2025 KC:LR:OD FISCAL DESCRIPTION The proposed legislation appears to have no direct fiscal impact. 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 Julie MorffJessica HarrisDirectorAssistant DirectorJanuary 13, 2025January 13, 2025