MO HB2199

Authorizes the Health and Educational Facilities Authority to provide technical and advisory assistance to school districts on best practices for issuing bonds, notes, or other indebtedness to minimize net interest costs.

Assistance may include advice on structuring and marketing debt, training in debt management, and promotion of sound financial management tools such as budgeting, accounting, auditing, and reporting systems.

Requires school districts using the school district bond fund to conduct competitive sales for any bond issuance exceeding $3 million, soliciting bids from multiple market participants at the lowest true interest cost.

Prohibits the financial advisor from underwriting the bond issue and prevents any bond underwriter from serving as the financial advisor to the school district on that issue.

Allows school districts to request a waiver from the Health and Educational Facilities Authority from the competitive sale requirement if the authority determines it would serve the district's financial best interests.