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F I S C A L I M P A C T R E P O R T





SPONSOR: Ingle DATE TYPED: 03/08/01 HB
SHORT TITLE: Processors of Agricultural Products SB 295
ANALYST: Rael


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02

No Fiscal Impact



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



Public Regulation Commission (PRC)

Department of Agriculture (DOA)



SUMMARY



Synopsis of Bill



The Processors of Agricultural Products bill repeals §§ 76-13-1 through 76-13-9 which provides that cotton gins, compresses, and warehouses are declared public utilities and places regulatory duties with the Corporation Commission, now the Public Utility Commission.



Significant Issues



The Public Regulation Commission reports that in a free market society there is no longer a need to regulate the prices of cotton processing or refining.



FISCAL IMPLICATIONS



No fiscal impact.



FAR/prr