COMMITTEE ON LEGISLATIVE RESEARCH OVERSIGHT DIVISION FISCAL NOTE L.R. No.:0721S.01I Bill No.:SB 615 Subject:Construction and Building Codes; Contracts and Contractors; Type:Original Date:April 20, 2025Bill Summary:This proposal establishes provisions relating to construction contracts. 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. 0721S.01I Bill No. SB 615 Page 2 of April 20, 2025 NM: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. 0721S.01I Bill No. SB 615 Page 3 of April 20, 2025 NM:LR:OD FISCAL ANALYSIS ASSUMPTION §436.290 – Construction Contracts Officials from the Office of the State Courts Administrator, the Department of Economic Development, the Department of Natural Resources, the Missouri Department of Conservation, the Missouri Department of Transportation, the Office of Administration, the Office of the Secretary of State, the State Tax Commission and Kansas City 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 cities and counties 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. 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 Small businesses who are party to a construction contract under this proposal could be impacted. 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. L.R. No. 0721S.01I Bill No. SB 615 Page 4 of April 20, 2025 NM:LR:OD SOURCES OF INFORMATION Department of Economic Development Department of Natural Resources Missouri Department of Conservation Missouri Department of Transportation Office of Administration Office of the Secretary of State State Tax Commission Office of the State Courts Administrator Kansas City Julie MorffJessica HarrisDirectorAssistant DirectorApril 20, 2025April 20, 2025