MO SB334

Requires Public Service Commission approval before any gas, electrical, water, or sewer corporation can sell, assign, lease, transfer, mortgage, merge, or consolidate its franchise, works, or system with another entity.

Mandates that applicants file a statement with the commission detailing the impact such transactions will have on tax revenues of affected political subdivisions.

Requires the commission to send copies of tax revenue impact information to county clerks in all affected counties.

Prohibits any person, public utility, or corporation from acquiring 50 percent or more of the total capital stock of any water or sewer corporation that regularly serves 8,000 or fewer customers without commission consent.

Voids any sale, transfer, mortgage, merger, consolidation, or stock acquisition made in violation of these requirements and prevents such transfers from being recognized on corporate books.