Opinion Letter No. 109-2008
Topics:
INITIATIVE PETITION.
INITIATIVES.
Summary conclusion
Review and approval of a fiscal note summary prepared pursuant to Section 116.175, RSMo 2000, regarding an initiative petition (version 2) to amend Chapter 393 of the Revised Statutes of Missouri by creating a renewable energy standard.
Contents of letter
February 21, 2008
Honorable Susan Montee
Missouri State Auditor
State Capitol, Room 121
Jefferson City, MO 65101
Dear Auditor Montee:
This office received your letter of February 11, 2008, submitting a fiscal note and fiscal note summary prepared under Section 116.175, RSMo, for an initiative petition submitted by Henry Robertson regarding the Renewable Energy Standard (version 2). The fiscal note summary that you submitted is as follows:
The estimated direct cost to state governmental entities is $549,683. It is estimated there are no direct costs or savings to local governmental entities. However, indirect costs may be incurred by state and local governmental entities if the proposal results in increased electricity retail rates.
Under Section 116.175, we approve the legal content and form of the fiscal note summary. Because our review of the fiscal note summary is mandated by statute, no action that we take with respect to such review should be construed as an endorsement of the petition or as the expression of any view regarding the objectives of its proponents.
Very truly yours,
JEREMIAH W. (JAY) NIXON
Attorney General