HB 1634 -- LAND TRUST (Hoppe)

This bill allows land trusts in counties of the first
classification having a charter form of government to retain
revenue from land sales to pay salaries and expenses of the
trust.  If the revenue derived from land sales is insufficient to
meet the expenses of the land trust, it can requisition
additional funds from the county and city.  The additional funds
cannot exceed $25,000 per year without the consent of the county
and city.

The bill also allows performance audits by the State Auditor or
the Kansas City Auditor.  Cost of performance audits must be paid
for by the land trust and made available to the public within 30
days of completion.

FISCAL NOTE:  No impact on state funds.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:01 am