Summary of the Introduced Bill

HB 1806 -- Public Finance

Sponsor:  Cooper (120)

This bill allows political subdivisions, in connection with
managing the cost of purchasing fuel, electricity, natural gas,
and other commodities, to enter into agreements, including
hedges, futures, and options, to fix the cost of the commodity.
It also allows them, in connection with outstanding or future
bonds, notes, or other obligations, to enter into agreements
providing for payments based on levels of or changes in interest
rates which include rate swap, hedge, cap, floor, and collar

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:44 am