SB 1103 Authorizes the Board of Fund Commissioners to issue additional bonds for grants and loans
LR Number:3963S.02I Fiscal Note:3963-02
Committee:Commerce and Environment
Last Action:02/24/04 - Hearing Conducted S Commerce and the Environment Journal page:
Effective Date:August 28, 2004
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Current Bill Summary

SB 1103 - In addition to amounts authorized prior to August 28, 2004, this act authorizes the Board of Fund Commissioners to issue bonds for grants and loans pursuant to several sections of Article III of the Missouri Constitution.

The authorizations are for:

(1) $10 million of bonds for waste water pollution control, drinking water system improvements, and storm water control pursuant to Section 37(e);

(2) $10 million of bonds for rural water and sewer projects pursuant to Section 37(g); and

(3) $20 million of bonds for storm water control plans, studies, and projects in first classification counties and the City of St. Louis pursuant to Section 37(h).

This act is similar to HB 932 (2004).