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MO HB1634

Bill

Official Source

Status

Introduced

1/13/2010

Primary Sponsor

Don Wells

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Establishes the "Homeowner Grant Program Fund" consisting of annual general revenue appropriations and gifts/donations, capped at $10 million
  • Provides one-time grants of $5,000 to Missouri residents approved for home construction, with total grants not to exceed $10 million
  • Designates the State Treasurer to administer and approve all grant disbursements from the fund
  • Requires fund moneys to be invested like other state funds, with accrued interest deposited back to the fund rather than reverting to general revenue
  • Declares the measure an emergency act effective upon passage and approval to encourage job creation and new home construction

Legislative Description

Creates the Homeowner Grant Program Fund to be used for the construction of new homes in Missouri

Last Action

Referred: Financial Institutions (H)

2/24/2010

Committee Referrals

Financial Institutions2/24/2010

Full Bill Text

No bill text available