SB 0947 Revises community colleges' property tax rates, capital improvement subdistricts, & MOHEFA direct deposit agreements
Sponsor:Klindt Co-Sponsor(s)
LR Number:3773L.03T Fiscal Note:3773-03
Last Action:07/12/02 - Signed by Governor Journal page:
Title:HCS SCS SB 947
Effective Date:August 28, 2002
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Current Bill Summary

HCS/SCS/SB 947 - This act repeals and reenacts Section 178.870, RSMo, relating to community college property tax rates, to cure possible constitutional defects.

Further, this act adds a provision allowing the establishment of community college capital improvement subdistricts for the purpose of capital projects. The board of trustees of such a district may propose an annual rate of taxation for the sole purpose of funding capital projects. The act provides a format for which the proposals shall be submitted to the voters of the district. A majority vote is necessary for the levy and collection of property taxes within the subdistrict. If a tax has not been approved within a five year period from the establishment of a community college capital improvement subdistrict, such subdistrict shall be dissolved.

This act extends to public community junior colleges the same access as school districts regarding participation in the Missouri Health and Educational Facilities Authority (MOHEFA) direct deposit agreements.

This act contains the provisions of SCS/HB 2022 and SCS/HB 1477.