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MO SB200

Bill

Status

Introduced

1/27/2011

Primary Sponsor

Jason Crowell

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Prohibits the Missouri Development Finance Board, Missouri Health and Educational Facilities Authority, Missouri Housing Development Commission, and Environmental Improvement and Energy Resources Authority from approving loan requests from state educational institutions.

  • Creates new section 173.389 requiring the Missouri Higher Education Loan Authority to approve all revenue bond issuances by state educational institutions, with conditions including "A" or better credit ratings and verified ability to repay without reliance on ungranted state funding.

  • Requires state educational institutions to obtain approval from the Missouri Higher Education Loan Authority before issuing revenue bonds under sections 176.010 to 176.080.

  • Distributes $350 million in assets from the Missouri Higher Education Loan Authority to the Lewis and Clark Discovery Fund between 2007 and 2013.

  • Applies loan approval restrictions to multiple state agencies handling financing for development, housing, environmental resources, and pollution control projects.

Legislative Description

Modifies the ability of state educational institutions to issue bonds and incur debt

Last Action

S Informal Calendar S Bills for Perfection--SB 200-Crowell

5/13/2011

Committee Referrals

Governmental Accountability2/7/2011

Full Bill Text

No bill text available