HB 501 -- WATER POLLUTION BONDS (Bowman)

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 in addition to sums authorized prior to August 28, 2002, and
are for:

(1)  an increase from $10 million to $17.5 million of bonds for
water pollution control, drinking water system improvements, and
stormwater control pursuant to Section 37(e);

(2)  a decrease from $20 million to $10 million of bonds for
rural water and sewer projects pursuant to Section 37(g); and

(3)  a decrease from $40 million to $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.

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