Missouri Fiscal Note Private Cost is an estimate of the impact that a proposed state law or regulation would have on private entities in Missouri. These costs are estimated through the use of a fiscal note prepared by the Office of Administration, which is an agency of the Missouri state government. The Missouri Fiscal Note Private Cost is an estimate of the direct and indirect costs that a private entity would incur as a result of a proposed state law or regulation. These costs may include labor costs, material costs, equipment costs, and other expenses that would be associated with complying with the proposed law or regulation. There are two types of Missouri Fiscal Note Private Cost: Administrative Cost and Compliance Cost. Administrative Cost is the cost associated with making changes to the entity’s operations to comply with the proposed law or regulation. Compliance Cost is the cost associated with actually implementing the proposed law or regulation.