SB 460 – Prohibits the executive branch from extending existing bonds or issuing new bonds without legislative or voter approval

• Sponsor: Silvey
• LR Number: 2205S.01I
• Committee: Governmental Accountability and Fiscal Oversight
• Last Action: 3/11/2015 - SCS Voted Do Pass (w/SCS SBs 460 & 319) S Governmental Accountability and Fiscal Oversight Committee (2205S.03C)
• Effective Date: Emergency Clause

Current Bill Summary

SCS/SBs 460 & 319 - This act specifies that the executive branch does not have the authority to extend existing bonds or issue new bonds, including bonds for the St. Louis Regional Convention and Sports Complex Authority, without legislative or voter approval.

This act contains an emergency clause.

This act is substantially similar to HB 1155 (2015) and HB 1349 (2015). This act is substantially similar to a provision in SS/SB 330 (2015).

MIKE HAMMANN