HB 725 - This act allows certain districts, currently including Campbell R-II in Dunklin County, to make a one-time transfer of operating funds to the Capital Projects Fund following a single year increase in assessed value of at least 20% due to the siting of a new electric generating plant.

The transfer may be made in an amount equal to twice the transfer amount otherwise permitted for the year the transfer is made. The transfer shall be made prior to the end of the second fiscal year following the fiscal year in which the increase in assessed valuation is effective.

This act is similar to SB 543 (2000).
OTTO FAJEN