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SB 360 - This act creates a county drinking water supply lake authority in Sullivan County to promote a safe drinking water supply through the construction, operation, and maintenance of a drinking water supply lake. The authority shall be a body corporate and politic and a political subdivision of the state. Its income and property shall be exempt from state and local taxation. The authority shall have power over the reservoir encompassing a drinking water supply lake and within the lake’s watershed to acquire or build recreational, water quality, and infrastructure improvement projects; acquire personal and real property; enter contracts; sue and be sued; accept money from and enter into agreements with private and public entities; hire employees and fix their wages; spend money; adopt rules; fix fees; issue revenue bonds; sell and supply water; adopt tax increment financing; exercise the powers of eminent domain and planning and zoning; and provide a police force. Members of the North Central Missouri Regional Water Commission shall appoint members to the county drinking water supply lake authority for staggered six year terms. The appointees must, for more than five years, be registered voters in Missouri and residents of Sullivan County, and the appointees must be over the age of 25. The water commission shall also establish the date and time for the lake authority's first meeting where a chairman, vice chairmen, secretary and treasurer are to be elected or appointed. An executive director who is not a member of the lake authority may also be appointed who will be compensated or the secretary may be designated to act as executive director. Surety bonds in the penal sum of $50,000 or a blanket bond covering the members of the authority, shall be purchased and conditioned upon the faithful performance of the duties of the offices covered. Authority members are barred from participating in any deliberations or decisions in which the member has a direct financial interest. Such members are subject to the limitations regarding the conduct of public officials provided in Chapter 105, RSMo. This act defines the terms conservation storage level, costs, project, water commission, and watershed. MEGHAN LUECKE
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