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MO HB1776

Bill

Official Source

Status

Introduced

2/20/2012

Primary Sponsor

Jason Barnes

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends Chapter 108, RSMo by adding a new section 108.1101 relating to local government appropriation bonds
  • Requires governing bodies of local governments that issue appropriation bonds to provide insurance coverage on those bonds
  • Insurance must cover repayment of bonds in the event of default by the local government

Legislative Description

Requires the governing body of any local government that issues an appropriation bond to provide insurance that repays the bond in the event of default

Last Action

Public Hearing Completed (H)

2/27/2012

Full Bill Text

No bill text available