SB 774 - Wheeler, Charles
Establishes the lifetime home grant program which is funded by an additional $1 fee on real estate instruments
Bill Details
Sponsor
LR Number
3166S.03C
Title
SCS SB 774 & 915
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2004
Current Status
S Inf Calendar S Bills for Perfection
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SBs 774 & 915 - This act raises the recording fee on certain real estate instruments from $3 to $6. From this additional $3 fee, $1.50 will be placed in the Missouri Housing Trust Fund (for a total of $4.50) and the remaining 50 cents shall be deposited in the recorder's fund. One dollar of the fee increase will credited to the lifetime home grant program which is established by this act. This fund shall be administered by the Missouri Housing Development Commission. Beginning January 1, 2005, individuals who build a universally designed lifetime home may apply for a payment from the fund in the amount of $5,000. This act also allows an individual to qualify for a lifetime home grant, up to $5,000, by renovating a qualified existing residence.
STEPHEN WITTE