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MO HB3275
Bill
Status
Introduced
2/11/2026
Primary Sponsor
Louis Riggs
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AI Summary
- Redirects remaining debt service fund balances after outstanding indebtedness is paid to the teachers' fund instead of the capital projects fund
- Requires interest earned from capital projects fund undesignated balances to be transferred to the teachers' fund instead of the incidental fund
- Beginning in 2027-28, all interest earned from teachers', incidental, capital projects, and debt service fund balances must supplement teacher salaries (not supplant existing salary funding)
- Caps the capital projects fund at 10% of undesignated balances, with any excess transferred to the teachers' fund for teacher salary supplementation
- Effective date: July 1, 2027
Legislative Description
Modifies and establishes provisions relating to moneys in school funds
Last Action
Read Second Time (H)
2/12/2026
Full Bill Text
No bill text available