Bill > SB535

This bill modifies existing Missouri state law regarding the handling of proceeds from surplus property sales by changing the language from a mandatory requirement to a permissive option. Specifically, the bill alters Section 37.090 of the Revised Statutes of Missouri (RSMo) to replace the word "shall" with "may" when describing the deposit of moneys received from surplus property sales into the "Missouri State Surplus Property Clearing Fund". This means that instead of being required to deposit these funds into the fund, state agencies now have the discretion to do so. The bill maintains the existing provisions that the fund will be administered by the commissioner of administration and that funds can be used to cover the costs of surplus property sales, with any excess funds being distributed to the original purchasing fund. The change provides more flexibility to state agencies in managing surplus property sale proceeds.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=1473187