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MO HB1658
Bill
Status
1/14/2010
Primary Sponsor
Douglas Funderburk
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AI Summary
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Establishes the "Homeowner Grant Program Fund" consisting of annual general revenue appropriations and private donations, capped at $10 million total
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Provides Missouri residents with one-time grants of $5,000 each for construction of new homes in the state, administered and approved by the state treasurer
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Total grants distributed under the program shall not exceed $10 million
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Fund moneys do not revert to general revenue and accrued interest remains in the fund rather than transferring to general revenue
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Declares an emergency clause for immediate implementation to create jobs and encourage home building in Missouri
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