Modifies who is required to report and what information is reported to the Missouri Accountability Portal
Impact
If enacted, HB 2359 will empower citizens by making financial information readily available, including state expenditures for various services and programs. The legislation mandates that all political subdivisions of the state must report their financial dealings to a centralized database within a specific timeframe. This includes information on bonds, expenditures, and any financial engagements, ultimately leading to better oversight of state funding and use of taxpayer dollars.
Summary
House Bill 2359 proposes the repeal of sections 37.850 and 37.1090 of the Revised Statutes of Missouri and introduces two new sections designed to enhance the Missouri Accountability Portal. This bill aims to improve the accessibility and transparency of financial transactions related to the state government, thereby strengthening fiscal accountability among state entities. By ensuring regular updates and providing a platform for citizens to access pertinent financial data, the bill is geared towards fostering an informed public and responsible government spending.
Contention
Notable points of contention surrounding HB 2359 may involve concerns regarding the administrative burden placed on various state and local entities, particularly public institutions and municipalities. Critics might argue that the reporting requirements could lead to excessive paperwork and resource allocation issues, diverting attention from core functions. Furthermore, there may be debates on the effectiveness of such accountability measures in truly ensuring fiscal responsibility, as well as discussions about the balance between transparency and privacy.
Adds all settlements and judments paid from the Legal Expense Fund to the list of financial transactions disclosed in the Missouri Accountability Portal.