Bill > SB1

This bill appropriates funds for various state departments and agencies in Missouri for the fiscal year beginning July 1, 2025, and ending June 30, 2026. Specifically, for the Department of Economic Development and the Missouri Housing Development Commission, the bill allocates $50 million total: $25 million will be transferred from the General Revenue Fund to the Missouri Housing Trust Fund, and another $25 million will be allocated from the Missouri Housing Trust Fund for general administration of affordable housing activities and emergency aid, including housing subsidy grants or loans. This funding is intended to support the state's efforts to address housing challenges by providing financial resources for housing development, subsidies, and emergency assistance. The bill is part of the state's broader appropriations process, which involves allocating state funds to various government departments and programs to support their operational and capital improvement needs across different sectors such as education, agriculture, conservation, public safety, and housing.

Budget and Finance

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=E1&BillID=18267452