HB 701 -- Structured Financing Transactions

Co-Sponsors:  Rupp, Byrd, Engler, Luetkemeyer, Bean, Pearce,
Stefanick, Stevenson

This bill creates the Structured Financing Act.

The bill allows the transfer of certain property by various state
and local public entities to investors for consideration if the
transfer is not prohibited by state law.  These transfers would
be accomplished through structured financing agreements between
the transferring entities and investors.  The transferring
entities will select the investors and any financial consultants
and advisors necessary to carry out the terms of the agreement.

All agreements must be submitted for approval to the Joint
Committee on Capital Improvements and Leases.  The bill outlines
the requirements for submission of the agreement to the joint
committee and the approval process.

The bill contains an emergency clause.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am