MO HB1210

Repeals and replaces Section 108.170, RSMo, governing bond issuances by Missouri counties, cities, towns, villages, school districts, and other political subdivisions.

Allows bonds to be issued in bearer or registered form, any denomination, with interest rates not exceeding 10% per annum for private sales and 14% per annum for public sales, with minimum sale price of 95% of par value.

Permits housing authorities and industrial development entities to enter into commodity hedging and interest rate swap agreements if they meet specified criteria, including maintaining a $25 million annual operating budget and adopting written policies compliant with Government Finance Officers Association recommendations.

Requires entities issuing general obligation bonds to hire an independent financial advisor and sell bonds through competitive bidding to the underwriter offering the lowest true interest cost with the highest credit rating.

Directs the Office of Administration to assist entities with debt issuances and provide guidance on whether issuances serve the entity's best interests, with authority to promulgate rules under Chapter 536.