HB2764

Missouri HB2764 requires port authorities to obtain voter approval for incurring indebtedness for developments over 2,000 feet from the Missouri or.

Missouri HB2764 mandates that port authorities must seek voter approval before incurring debt for developments situated more than 2,000 feet from the Missouri River or Mississippi River shoreline. This bill specifies that the question to be put to voters must detail the amount of indebtedness proposed. The bill repeals and replaces existing sections of the Revised Statutes of Missouri, ensuring port authorities can issue bonds for port facilities and improvements, while clarifying that the state is not liable for these bonds.