| HB 0410 (Truly Agreed) | Allows Financially Stressed Sch. Districts to Place Proceeds From Sale of Prop. in Capital Proj. Fund or Incidental Fund |
HB 410 - This act pertains to placement of proceeds from sale of property by schools. Current law provides that the proceeds from the sale of real property and nonrealty shall be placed to the credit of the incidental fund. The bill allows financially stressed districts , as defined in section 161.520, RSMo, to place such proceeds to the credit of either the incidental or capital projects fund.
This act is similar to SB 310 from 1997.
OTTO FAJEN