Supplement: MO SB736 | 2024 | Regular Session | Summary: Introduced
Bill Title: Modifies provisions relating to the State Treasurer
Status: 2024-05-17 - S Bills with H Amendments [SB736 Detail]
Download: Missouri-2024-SB736-Summary_Introduced.html
Furthermore, the act modifies the total deposit for linked deposits that may be used for different borrowers as follows:
· Up to 5% of the aggregate for eligible multitenant development enterprises;
· Up to 5% of the aggregate for eligible property developers and eligible residential property owners;
· Up to 20% of the aggregate for eligible job enhancement businesses; and
· Up to 5% of the aggregate for eligible water systems.
All other linked deposits not allocated to the above may be used as permitted by law.
This act is substantially similar to SCS/SBB 657 (2023), and provisions in HCS/SCS/SB 187 (2023), HCS/HB 586, SCS/HCS/HB 725 (2023), the perfected HCS/HB 809, and HCS/HB 1109 (2023).
SCOTT SVAGERA