HB 832 -- Missouri State Board of Accountancy

Sponsor:  Wright

This bill changes the laws regarding the Missouri State Board of
Accountancy within the Department of Insurance, Financial
Institutions and Professional Registration by prohibiting the
board from receiving any revenue from the General Revenue Fund or
any of its costs to be incurred by the state.  In its main
provisions, the bill:

(1)  Requires the board to adopt an annual budget using generally
accepted principles.  The budget must only be reviewed and
approved by its governing board.  The board must adopt or modify
its budget only after a public hearing and provide notice to all
of its licensees prior to holding a hearing on the adoption or
modification of any fee;

(2)  Authorizes the board to have its own bank accounts and earn
interest on its deposits, acquire and hold real property as a
private person or corporation, enter into contracts necessary or
convenient for carrying out the regulation of licensed certified
public accountants or firms, employ an executive director and
staff deemed necessary for the performance of its duties, and
retain other investigative, specialized knowledge or other
technical services needed to regulate certified public
accountants or firms or to conduct its operations;

(3)  Requires all moneys payable to the board to be collected by
the board instead of the Division of Professional Registration;
and

(4)  Requires, beginning August 28, 2011, any moneys held by the
State Treasury in the State Board of Accountancy Fund to be
transferred to the board for deposit into an account in a bank of
the board's choice.  The account cannot be considered a state
fund, and any moneys in the fund cannot be appropriated or
deposited into the General Revenue Fund.

Missouri House of Representatives
96th General Assembly, 1st Regular Session
Last Updated August 9, 2011 at 1:26 pm