Fiscal Note — 2445 HB, Leasing/State Parks Comm. (State Parks and Recreation Commission)

Summary

Individual State Agency Fiscal Note from the State Parks and Recreation Commission for 2445 HB, Leasing/state parks comm. Part I lists non-zero but indeterminate cost and/or savings for estimated cash receipts and for estimated operating expenditures, and NONE for estimated capital budget impact. The narrative states that House Bill 2445 proposes removing limitations on State Parks lease terms and conditions for Saint Edward State Park, and that the agency assumes no immediate fiscal impact. It states that the maximum lease term would change from sixty-two to eighty years, if approved by an affirmative vote of at least five members of the State Parks and Recreation Commission.

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                            Individual State Agency Fiscal Note

Bill Number:      2445 HB                Title:     Leasing/state parks comm.                                 Agency: 465-State Parks and
                                                                                                                      Recreation Commission

Part I: Estimates
      No Fiscal Impact

Estimated Cash Receipts to:
                             Non-zero but indeterminate cost and/or savings. Please see discussion.


Estimated Operating Expenditures from:
                             Non-zero but indeterminate cost and/or savings. Please see discussion.



Estimated Capital Budget Impact:

    NONE




   The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
   and alternate ranges (if appropriate), are explained in Part II.

  Check applicable boxes and follow corresponding instructions:
      If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
      form Parts I-V.
  X   If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).

      Capital budget impact, complete Part IV.

      Requires new rule making, complete Part V.


   Legislative Contact:     Martha Wehling                                                  Phone: 360-786-7067              Date: 01/19/2024
   Agency Preparation:      Nikki Fields                                                    Phone: (360) 902-8658            Date: 01/23/2024
   Agency Approval:         Pam Barkis                                                      Phone: (360) 902-8535            Date: 01/23/2024
  OFM Review:               Matthew Hunter                                                  Phone: (360) 529-7078            Date: 01/23/2024

Form FN (Rev 1/00) 191,373.00                                                                                                            Request # -1
FNS063 Individual State Agency Fiscal Note                             1                                                                Bill # 2445 HB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.

 House Bill 2445 proposes removing limitations on State Parks lease terms and conditions for Saint Edward State Park.

 The proposed changes remove sections relating to the lease of the seminary building and related areas at Saint Edward
 State Park. This would change the maximum lease term from sixty-two to eighty years, if approved by an affirmative vote
 of at least five members of the State Parks and Recreation Commission.

 The agency assumes no immediate fiscal impact. If the lessee requests an extension, a current market appraisal of the
 lease value would be done along with drafting a new lease. The current lease expires in 2080; with the proposed term
 extension, the lease could be extended up to 2098.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.

 The agency assumes no immediate fiscal impact. The current lease expires in 2080; if extended an appraiser would need to
 determine the market value of lease rent.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished between one time and ongoing functions.


 Indeterminate and less than $50,000/fiscal year. The timing of potential extension is unknown. If an extension is requested
 of the existing lease, there would be some staff time needed to develop the updated lease and a one-time cost of $15,000 -
 $25,000 for an updated market rate appraisal. If the request comes later in the term, expenditures could increase.

Part III: Expenditure Detail
III. A - Operating Budget Expenditures
                                  Non-zero but indeterminate cost and/or savings. Please see discussion.
III. B - Expenditures by Object Or Purpose
                            Non-zero but indeterminate cost and/or savings. Please see discussion.


 III. C - Operating FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part I
and Part IIIA.
 NONE



III. D - Expenditures By Program (optional)
 NONE


 Part IV: Capital Budget Impact
 IV. A - Capital Budget Expenditures
      NONE


Leasing/state parks comm.                                                                                  465-State Parks and Recreation Commission
Form FN (Rev 1/00) 191,373.00                                                                                                            Request # -1
FNS063 Individual State Agency Fiscal Note                                2                                                            Bill # 2445 HB
 IV. B - Expenditures by Object Or Purpose
        NONE

IV. C - Capital Budget Breakout
 Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
       NONE

 IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.


      NONE

Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.




Leasing/state parks comm.                                                                                 465-State Parks and Recreation Commission
Form FN (Rev 1/00) 191,373.00                                                                                                           Request # -1
FNS063 Individual State Agency Fiscal Note                               3                                                            Bill # 2445 HB


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