SB 1088 Creates State Board of Auctioneers to oversee licensing of persons engaged in practice of auctioneering
Sponsor:Foster Co-Sponsor(s)
LR Number:3510S.03I Fiscal Note:3510-03
Committee:Financial and Governmental Organization
Last Action:03/04/02 - SCS Voted Do Pass S Financial & Governmental Org. Journal page:
Veterans' Affairs & Elections Committee (3510S.04C)
Title:SCS SB 1088
Effective Date:August 28, 2002
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Current Bill Summary

SCS/SB 1088 - This act changes the procedures for the licensing of auctioneers. Current law provides for the licensing of auctioneers by counties. This act creates a State Board of Auctioneers in the Division of Professional Registration within the Department of Economic Development. The Board oversees the examination and licensing of persons engaged in the practice of auctioneering.

The act will not apply to certain persons listed in Section 343.395, RSMo. The Board collects fees that will be deposited into the State Board of Auctioneers Fund for administrative purposes. The Board will annually collect a fee of fifty dollars from each applicant and licensee to fund a subaccount of the Board. The subaccount will be used to compensate individuals aggrieved by the actions of a licensee.