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MO SB460

Bill

Official Source

Status

Introduced

2/18/2015

Primary Sponsor

Ryan Silvey

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Creates new Section 33.542 prohibiting the extension of existing bonds or any additional bonding authority to the executive branch without legislative or voter approval
  • Adds identical bonding restriction language (subsection 11) to Section 67.657, which governs regional convention and sports complex authorities
  • Repeals and replaces Section 67.657, RSMo, while retaining existing provisions allowing counties to levy up to 3.5% hotel/motel tax for convention and sports complex funding
  • Preserves existing provisions allowing cities to replace a $2 per room license fee with up to 3.5% hotel/motel tax for convention center and sports facility purposes
  • Introduced by Senator Silvey in the 98th General Assembly, First Regular Session (February 18, 2015)

Legislative Description

Prohibits the executive branch from extending existing bonds or issuing new bonds without legislative or voter approval

Last Action

SCS Voted Do Pass (w/SCS SBs 460 & 319) S Governmental Accountability and Fiscal Oversight Committee (2205S.03C)

3/11/2015

Committee Referrals

Governmental Accountability & Fiscal Oversight2/26/2015

Full Bill Text

No bill text available