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MO HB1324
Bill
Status
3/12/2015
Primary Sponsor
Caleb Rowden
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AI Summary
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Creates a "Human Investment Commission" within the Department of Social Services to study the feasibility of social impact bonds as a financial tool for Missouri
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Commission membership includes 12 state legislators from both chambers, directors of 5 state departments (Social Services, Health and Senior Services, Mental Health, Corrections, Education), plus 8 governor-appointed members with expertise in finance, human services, nonprofits, and business
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Commission must research the federal Pay for Success program and identify third-party providers implementing prevention-based social service programs in areas such as recidivism, homelessness, workforce development, preventative health care, early childhood programs, and foster care
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Annual report on social impact bonds required to be submitted to the General Assembly by January 30th of each regular session
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Provisions expire on January 30, 2020
Legislative Description
Instructs the Department of Social Services to conduct a feasibility study into the utility and cost of developing and using "social impact bonds"
Last Action
Reported Do Pass with Amendments (H) - HCA 1 AYES: 7 NOES: 0 PRESENT: 0
4/13/2015