HB 744 -- FEDERAL ECONOMIC STIMULUS FUNDS (Icet)

COMMITTEE OF ORIGIN:  Committee on Rules

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.  Moneys received relating to the federal Safe
Drinking Water Program are excluded from the depository
requirements.

The State Treasurer is authorized to create new funds or
re-designate moneys to other existing funds to avoid conflict
with the federal act.

The bill contains an emergency clause.

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

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