HB 2007 Summary

• Appropriates $374.75 million to the Department of Economic Development for fiscal year 2014-2015, including funding for workforce development, tourism, energy programs, and economic incentives with a maximum of 69.69 FTE employees from General Revenue Fund.

• Appropriates $40.81 million to the Department of Insurance, Financial Institutions and Professional Registration for insurance operations, professional licensing boards, credit unions, and consumer protection activities.

• Appropriates $185.64 million to the Department of Labor and Industrial Relations for employment security, workers' compensation, labor standards enforcement, and unemployment administration with a maximum of 28.62 FTE employees from General Revenue Fund.

• Includes significant federal fund allocations totaling $272.25 million across all three departments, with additional funding from specialized enterprise and program-specific funds.

• Transfers $18.36 million from General Revenue Fund to the Missouri Technology Investment Fund and $13.51 million to the Missouri Supplemental Tax Increment Financing Fund for economic development projects.