HB 501 -- WATER POLLUTION BONDS

CO-SPONSORS:  Bowman, Foley, O'Connor, Abel, Monaco, Coleman

COMMITTEE ACTION:  Voted "do pass" by the Committee on
Miscellaneous Bills and Resolutions by a vote of 8 to 0.

This bill authorizes the Board of Fund Commissioners to issue
bonds for grants and loans pursuant to several sections of
Article III of the Missouri Constitution.  The authorizations
are for:

(1)  An additional $17.5 million of bonds for water pollution
control, drinking water system improvements, and stormwater
control pursuant to Section 37(e);

(2)  $10 million of bonds for rural water and sewer projects
pursuant to Section 37(g); and

(3)  $20 million of bonds for stormwater control plans, studies,
and projects in first classification counties and the City of
St. Louis pursuant to Section 37(h).

FISCAL NOTE:  Estimated Net Cost to General Revenue Fund of $0
in FY 2002, $1,022,815 in FY 2003, and $3,597,455 in FY 2004.

PROPONENTS:  Supporters say that the bill authorizes bonds for
several purposes and that it brings the bond amounts down to
what they had been in previous years.

Testifying for the bill were Representative Bowman; and
Metropolitan St. Louis Sewer District.

OPPONENTS:  There was no opposition voiced to the committee.

Donna Schlosser, Legislative Analyst

Missouri House of Representatives
Last Updated November 26, 2001 at 11:44 am