Bill > HB2289

This bill creates a new Real Estate Fund within the state treasury, managed by the commissioner of administration, to centralize and manage proceeds from state real property sales. The fund will be used exclusively for acquiring new real property to support state operations, and will be funded by proceeds from property sales and potential general assembly appropriations. The state treasurer will serve as the fund's custodian and will be responsible for approving disbursements at the request of the commissioner of administration. The bill specifies that any unspent funds at the end of a biennium will not revert to the general revenue fund, allowing the money to remain in the Real Estate Fund. Additionally, the state treasurer is required to invest the fund's moneys in the same manner as other state funds, with any earned interest being credited back to the fund. The commissioner of administration is mandated to prepare an annual report detailing all receipts and expenditures from the fund, ensuring transparency in its management and use.

Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB2289&year=2026&code=R