HB 744 -- FEDERAL ECONOMIC STIMULUS FUNDS

SPONSOR:  Icet

COMMITTEE ACTION:  Voted "do pass" by the Committee on Rules by a
vote of 11 to 0.

This bill creates two separate funds in the state treasury to
receive moneys provided under the federal American Recovery and
Reinvestment Act of 2009.  The Missouri Family Recovery Plan Fund
will consist of moneys received due to the temporary increase of
the Medicaid Federal Medical Assistance Percentage and the
Economic Stimulus Fund will consist of all moneys received under
the act that are not otherwise allocable to the Federal Budget
Stabilization Fund.

FISCAL NOTE:  No impact on state funds in FY 2010, FY 2011, and
FY 2012.

PROPONENTS:  Supporters say that by creating these specific funds
the state will be able to segregate and track federal stimulus
moneys and avoid co-mingling them with other state funds.

Testifying for the bill was Representative Icet.

OPPONENTS:  There was no opposition voiced to the committee.

OTHERS:  Others testifying on the bill say that the clean water
funds received from the federal stimulus should go directly into
the Clean Water State Revolving Fund instead of these funds.

Testifying on the bill was Department of Natural Resources.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am