Senate Bill No. 142 Summary

• Removes the lieutenant governor from the Missouri Development Finance Board, reducing it from 12 members to 11, with board members requiring five years of Missouri residency and gubernatorial appointment with senate consent.

• Establishes a two-year cooling-off period preventing board members from becoming employees or having business relationships with board service providers after resignation or termination.

• Establishes a five-year cooling-off period for current or former general assembly members and statewide elected officials before they can work for or have business relationships with board service providers.

• Restructures the Missouri Housing Development Commission by removing the governor, lieutenant governor, state treasurer, and state attorney general, replacing them with ten public members appointed by the governor with senate consent.

• Increases the political party diversity requirement for the Housing Development Commission from no more than four to no more than six members from the same political party, and applies the same two-year and five-year cooling-off periods for employees and service providers.