Bill > HB1803

This bill increases the aggregate investment amount that the state treasurer may invest in linked deposits from $800 million to $1.2 billion. It also changes the disbursement criteria for eligible parties, including increasing the maximum amount that can be used for linked deposits to eligible small businesses, eligible multitenant development enterprises, eligible residential property developers and owners, and eligible job enhancement businesses. The bill also allows for the commingling of allocations among different types of linked deposits if demand for a particular type exceeds the initial allocation and funds are available.

Budget and Finance, Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB1803&year=2024&code=R