Missouri House Bill HB2272

Missouri 2024 Regular Session

• Introduced: 1/4/24
• Refer: 3/11/24

Caption

Establishes a method and proportion of remittances of state department revenues from management of state natural resources

Impact

The implementation of HB2272 could significantly alter the financial landscape for counties that host natural resources. The bill is designed to foster revenue sharing, ensuring that a substantial percentage of funds generated remains within the community. This could enhance local budgeting, benefiting infrastructure, educational funding, and other essential services dependent on local financial resources. The intended effect is not only to provide financial support to local governments but also to promote engagement and accountability among state departments in managing these resources effectively.

Summary

House Bill 2272 aims to establish a framework for the management and distribution of revenue generated by state departments from the management of state natural resources. Under this bill, any revenue received by a state department in the course of managing natural resources is subject to a specific allocation protocol. The bill dictates that 75% of revenue exceeding the amount authorized for administrative retention must be distributed to the relevant local governments, with a portion going to the county general fund and another portion to school districts located within those counties.

Contention

There may be points of debate regarding the allocation specifics and the potential impacts on state revenue management. Stakeholders might express concerns about the adequacy of funding for administrative functions, which could influence the effectiveness of resource management. Moreover, the bill may prompt discussions regarding the balance of power between state departments and local governments, as well as the sufficiency of funds provided to school districts from the shared revenues. Ensuring that the distribution of resources meets the varied needs of county services could be a critical point of contention as the bill moves through legislative processes.