This Fiscal Note is not an official copy and should not be quoted or cited. Officials from Jefferson City and Poplar Bluff assume no fiscal impact. Oversight assumes that this proposal could result in some interest savings to those local governments which do not currently bid bond issues. Oversight assumes this proposal is permissive and that there would be no fiscal impact without action by the local governing body with voter approval.
Oversight assumes no state or local fiscal impact.
Requires the bonds issued to pay for the cost of the improvement to be competitively bid. Allows for a levy against property in the district to pay maintenance costs prior to the retirement of the bonds which were issued for the original improvements. Currently, maintenance costs may only be recouped through an annual assessment after the bonds are retired. This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. Fulton, Columbia, Independence, Liberty, Springfield, Mexico, Florissant, and Hazelwood.