SB 1215 Revises the standard for selling property held by the Department of Transportation from "best available cash price" to "fair market price"
Sponsor: Goodman
LR Number: 5492S.01I Fiscal Note: 5492-01
Committee: Transportation
Last Action: 3/14/2006 - Voted Do Pass S Transportation Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary

SB 1215 - Under current law, Section 227.290, RSMo, authorizes the Highways and Transportation Commission to convey land for the best available cash price. This act provides that the commission is authorized to convey the land for fair market value to adjoining land owners or other entities.