This Fiscal Note is not an official copy and should not be quoted or cited. Officials suggested an establishment of a pre-registration bidding fee to offset administrative cost. Due to the lack of response, Oversight for the purpose of this fiscal note assumes that this proposal only changes procedure, clarifies, and would prohibit potential bidders who own property that is affected by a delinquent tax from bidding on certain sales of real estate under the provisions of section 141.550, RSMo 1994. Cost to Certain Counties Counties would need to screen potential bidders for delinquent tax compliance on property that they own in the county. Oversight assumes that any cost related to screening would be minimal and would not require any increase in appropriations.
Oversight assumes zero fiscal impact.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.