Bill > SB125

This bill modifies the provisions of the Waterways and Ports Trust Fund, a state treasury fund established to support port-related infrastructure and commerce in Missouri. The bill expands the eligibility criteria for receiving appropriations from the fund, now allowing projects on land owned or managed by Missouri port authorities or cities not within a county. The fund can receive revenues from the state legislature, gifts, contributions, and grants. To be eligible for funding, a project must be a capital improvement designed to enhance commerce or transportation facilities near navigable rivers, located on port authority or specific city-owned land, funded by alternate sources (with trust fund covering no more than 80% of project costs), approved by the highways and transportation commission, and capable of completion within two years. The fund will remain active until August 28, 2033, after which any remaining unencumbered balance will be transferred to the general revenue fund. Importantly, the bill allows appropriations from this fund to be used as a local matching share for other grant programs, potentially increasing funding opportunities for port-related infrastructure projects in Missouri.

Transportation and Infrastructure

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=50