Missouri State Senate

Perfected

SB 18 - This act requires state departments and divisions that accept federal grants of at least one million dollars to post information relating to the grant on the Missouri accountability portal, including the amount, origin, and purpose of the grant; any amount being transferred to another department or division; the purpose for such transfer; and how the secondary recipient used the funds and the impact of that use.

This act requires bonds and obligations issued or incurred by political subdivisions, debt incurred by public charter schools, and the Governor's release and withholding of public funds to be placed on the accountability portal.

The Auditor is removed from the Board of Fund Commissioners.

When a school district issues bonds, the bond filing must contain the following information: the amount of debt held by the school district, including bonded indebtedness; the district's current tax levy; the district's current bond credit rating; and the annual cost of maintaining any vacant or unused buildings owned by the district. The ballot on which voters will vote to issue bonds must also contain this information.

This act contains an emergency clause.

This act is similar to SS/SCS/SB 467 (2012), and SB 169 (2013).

CHRIS HOGERTY

HyperLink