HB 354 -- PUBLIC-PRIVATE PARTNERSHIPS (Schlottach)

COMMITTEE OF ORIGIN:  Special Committee on Infrastructure and
Transportation Funding

This bill changes the laws regarding the Missouri Public-Private
Partnerships Transportation Act by expanding the types of
projects that may be included.  Currently, the act is limited to
the bridge project over the Mississippi River.  The bill allows
any pipeline, ferry, river port, airport, railroad, light rail or
other mass transit facility, and any similar or related
improvement or infrastructure to be financed, developed, and/or
operated under an agreement between the Highways and
Transportation Commission and a private partner.

The commission is allowed to approve projects it determines are
needed or will improve the state transportation system.  The
"state transportation system" is defined as the state system of
nonhighway transportation programs including, but not limited to,
aviation, transit and mass transportation, railroads, ports,
waterborne commerce, freight, and intermodal connections.

A sales and use tax exemption is authorized on all sales and
purchases of tangible property, utilities, or services for use in
public-private transportation projects; and any revenues received
from a public-private project are exempt from state income tax.

The bill also authorizes the Governor to convey state property
located in St. Louis City, which is currently being used by the
Department of Corrections as a minimum security correctional
facility, to the Highways and Transportation Commission for the
new Mississippi River Bridge project.

FISCAL NOTE:  Estimated Income on General Revenue Fund of
$158,000 in FY 2010, $0 in FY 2011, and $0 in FY 2012.  Estimated
Cost on Other State Funds of $158,000 in FY 2010, $0 in FY 2011,
and $0 in FY 2012.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:24 am