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MO HB1155
Bill
Status
3/9/2015
Primary Sponsor
Lincoln Hough
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AI Summary
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Repeals Section 67.657, RSMo and creates two new sections (33.542 and 67.657) to restrict executive branch bonding authority in Missouri
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Prohibits the executive branch from extending existing bonds or obtaining additional bonding authority without legislative approval or voter approval
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Adds the bonding restriction language to both Chapter 33 (general state finance provisions) and Section 67.657 (regional convention and sports complex authority provisions)
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Preserves existing authority for counties to submit voter referendums for hotel/motel taxes up to 3.5% to fund regional convention and sports complex authorities
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Maintains provisions allowing the state, counties, cities, and political subdivisions to enter into contracts, leases, and agreements related to convention and sports facilities
Legislative Description
Prohibits the executive branch from extending existing bonds or issuing new bonds without legislative or voter approval
Last Action
Referred: Government Oversight and Accountability(H)
5/15/2015