Read 1st time January 20, 2000, and 1000 copies ordered printed.
Read 2nd time January 24, 2000, and referred to the Committee on Local Government and Related Matters, February 3, 2000.
Reported from the Committee on Local Government and Related Matters, March 2, 2000, with recommendation that the bill Do Pass by Consent.
Perfected by Consent March 14, 2000.
ANNE C. WALKER, Chief Clerk
To amend chapter 77, RSMo, relating to third class cities, by adding thereto one new section relating to capital improvement reserve funds in third class cities.
Section A. Chapter 77, RSMo, is amended by adding thereto one new section, to be known as section 77.670, to read as follows:
77.670. The governing body of any third class city with a population of more than four thousand but less than
four thousand five hundred inhabitants that is located in a county of the first classification with a population of
more than one hundred fifty thousand but less than one hundred seventy thousand inhabitants may establish, by
ordinance, reserve funds. In the ordinance establishing the reserve funds, the city may either earmark the funds
for a specific project, or for operations in general. The repeal or amendment of any such ordinance shall be
approved by the qualified voters of the city.