SB1215 - Revises the standard for selling property held by the Department of Transportation from "best available cash price" to "fair market price"

SB 1215

Revises the standard for selling property held by the Department of Transportation from "best available cash price" to "fair market price"

Sponsor:

Goodman

LR Number:

5492S.01I

Committee:

Transportation

Last Action:

3/14/2006 - Voted Do Pass S Transportation Committee

Journal Page:

Title:

Calendar Position:

Effective Date:

August 28, 2006

Current Bill Summary

SB 1215 - Under current law, Section 227.290, RSMo, authorizes the Highways and Transportation Commission to convey land for the best available cash price. This act provides that the commission is authorized to convey the land for fair market value to adjoining land owners or other entities.

STEPHEN WITTE

Amendments