COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:1905S.01I Bill No.:SB 535 Subject:Office of Administration; Property, Real and Personal Type:Original Date:March 3, 2025Bill Summary:This proposal authorizes, rather than requires, state moneys from the sale of
surplus property to be deposited in the "Missouri State Surplus Property
Clearing Fund".
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 2028Missouri State
Surplus Property
Clearing Fund
(0710)*$0 to (Unknown)$0 to (Unknown)$0 to (Unknown)
Total Estimated Net
Effect on Other State
Funds$0 to (Unknown)$0 to (Unknown)$0 to (Unknown)
*The amount of money that is no longer required to be deposited into the fund is unknown but
could exceed $250,000.
Numbers within parentheses: () indicate costs or losses. L.R. No. 1905S.01I
Bill No. SB 535
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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. 1905S.01I
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FISCAL ANALYSIS
ASSUMPTION
§37.090- State Surplus Fund
Officials from the Office of Administration assume the proposal will have no fiscal impact on
their organization.
Oversight assumes this legislation changes the requirement that the moneys received by the state
from the sale of surplus property shall be deposited in the Missouri State Surplus Property
Clearing Fund to may be deposited into the Missouri State Surplus Property Fund.
Oversight will assume a range of loss of revenue from $0 (no change, money is still deposited
into the fund) to an unknown loss to the Missouri State Surplus Property Clearing Fund (0710).
Oversight is uncertain which fund the moneys received by the state from the sale of surplus
property would go to if not the Missouri State Surplus Clearing Fund. Therefore, Oversight did
not show a potential gain to another fund.
Oversight notes the Missouri State Surplus Property Clearing Fund FY 2024 receipts totaled
$3,925,586.
FISCAL IMPACT – State GovernmentFY 2026
(10 Mo.)
FY 2027FY 2028MISSOURI STATE SURPLUS
PROPERTY CLEARING FUND*
Loss – OA
No longer required to deposit surplus
property proceeds to fund
$0 to
(Unknown)
$0 to
(Unknown)
$0 to
(Unknown)
ESTIMATED NET EFFECT TO
THE MISSOURI STATE SURPLUS
PROPERTY CLEARING FUND
$0 to
(Unknown)
$0 to
(Unknown)
$0 to
(Unknown)
*The amount of money that is no longer required to be deposited into the fund is unknown but
could exceed $250,000. L.R. No. 1905S.01I
Bill No. SB 535
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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.
FISCAL DESCRIPTION
This act permits, rather than requires, the moneys received by the state from the sale of surplus
property to be deposited in the state treasury to the credit of the "Missouri State Surplus Property
Clearing Fund".
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 DirectorMarch 3, 2025March 3, 2025