HCS HB 1650 -- WATER POLLUTION CONTROL BONDS

SPONSOR:  Hoppe

COMMITTEE ACTION:  Voted "do pass" by the Committee on Local
Government and Related Matters by a vote of 12 to 3.

In addition to amounts authorized prior to August 28, 2003, this
substitute 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)  $10 million of bonds for water pollution control, drinking
water system improvements, and storm water 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 storm water control plans, studies,
and projects in first classification counties and the City of St.
Louis pursuant to Section 37(h).

The substitute contains an emergency clause.

FISCAL NOTE:  Estimated Net Cost to General Revenue Fund of $0 in
FY 2003, $0 in FY 2004, and $1,289,158 in FY 2005.  Estimated Net
Cost to Water Pollution Control Fund of $0 in FY 2003, $0 in FY
2004, and $150,000 in FY 2005.

PROPONENTS:  Supporters say that the bill only reauthorizes water
pollution control bonds.

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

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am