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MO HB2289
Bill
Status
Introduced
1/7/2026
Primary Sponsor
Bill Owen
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AI Summary
- Creates the "Real Estate Fund" in the state treasury to receive all proceeds from the sale of state-owned real property
- Fund moneys may only be used to acquire interest in real property to support state operations
- Fund balance does not revert to general revenue at the end of the biennium, allowing funds to accumulate
- State treasurer serves as custodian of the fund and invests moneys consistent with other state funds, with interest earnings credited back to the fund
- Commissioner of administration must prepare an annual report of all receipts and expenditures from the fund
Legislative Description
Creates the real estate fund
Last Action
Reported Do Pass (H) - AYES: 10 NOES: 3 PRESENT: 1
3/5/2026
Committee Referrals
Special Committee on Intergovernmental Affairs2/18/2026
Full Bill Text
No bill text available