Bill > SB1578

This bill establishes a new fund called the "Real Estate Fund" within the state treasury, which will hold all money received from the sale of real property owned by the state of Missouri, excluding property owned by specific entities like the state highways and transportation commission or the University of Missouri. This fund will be managed by the commissioner of administration, or their designee, for the purpose of acquiring real property to support state operations. The state treasurer will oversee the fund and approve disbursements at the commissioner's request. Any money in the fund at the end of the fiscal year will not revert to the general revenue fund, and the treasurer will invest the fund's assets, with any earnings credited back to the fund. The commissioner will also provide an annual report on the fund's receipts and expenditures.

Government Affairs

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=1584513