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MO SB1578

Bill

Official Source

Status

Introduced

1/20/2026

Primary Sponsor

David Gregory

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Creates the "Real Estate Fund" in the state treasury to receive proceeds from sales of state-owned real property covered under section 37.005
  • Fund administered by the commissioner of administration for acquiring real property interests to support state operations
  • State treasurer serves as custodian and approves disbursements at the commissioner's request
  • Moneys remaining in the fund at fiscal year end do not revert to general revenue; interest earned on investments is credited back to the fund
  • Commissioner of administration must prepare annual reports of all receipts and expenditures from the fund

Legislative Description

Creates a new fund for moneys received from the sale of real property owned by the state

Last Action

Hearing Scheduled S Government Efficiency Committee

3/23/2026

Committee Referrals

Government Efficiency2/5/2026

Full Bill Text

No bill text available