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A View from Jefferson City: Division of CUs Not Impacted by Overall Budget Cut

Missouri Governor Eric Greitens (R) recommended the full appropriation request - $1.32 million - made by the Division of Credit Unions when he released his budget priorities February 2. The recommendation comes despite the Governor's calls for $572 million in state funding cuts.

The Governor's budget recommendations must be approved by the Missouri General Assembly. House Appropriations committees began their work last week and once approved by the full House the process starts over in the Senate.

The Missouri Constitution requires that Missouri have a balanced budget.

Read below for additional legislative updates from the Missouri Capitol. 

Bills of Interest Heard in Committee
Heartland Credit Union Association (HCUA) Advocacy staff was busy attending a number of committee meetings this past week. Here's a rundown on a few bills of interest heard in committee February 6 - 9:

  • SB 299 sponsored by Sen. Kiki Curls (D-Kansas City)
    This bill provides immunity from civil and criminal liability to persons - including the lienholder - to enter the premises of suspected abandoned property to secure and clean the property if certain conditions are met. Supporters stated this bill is intended to help blighted neighborhoods in the Kansas City area.
  • HB 705 sponsored by Rep. Gary Cross (R-Lee's Summit)
    HB 705 repeals provisions requiring a landlord to keep security deposits in a depository institution and from commingling security deposits with personal funds. A number of rental property owners testified in support of the measure, stating the current language is confusing and limits a landlord's ability to use the deposit funds for upgrades to the property.
  • HB 422 sponsored by Rep. Robert Cornejo (R-St. Peters)
    This bill updates execution exemptions to mirror the federal bankruptcy codes. Included in the bill are engagement rings up to $1,500, miscellaneous property valued up to $1,200 and 401(k) retirement plans up to the federal limit. The bill sponsor stated during committee this legislation is necessary to bring Missouri in line with federal law. 
  • SB 316 sponsored by Sen. Caleb Rowden (R-Columbia)
    Known as the 'Password Privacy Protection Act', this legislation prohibits employers (and others) from requiring an employee or prospective employee to provide a username and password for personal online accounts - including personal email and social media sites. This act does not apply to devices and accounts provided by the employer (such as a computer or work email) and does not prevent an employer from complying with other state and federal laws.

It's expected the full committee schedule will continue at least through the month of February, with limited debate on the floor. HCUA's advocacy team will continue to monitor and track legislation as bills make their way through the legislative process. 

Missouri Bills of Interest - Tracking Sheet
View bills with potential impact to credit unions HCUA is monitoring and tracking.

Questions? Contact David Kent, 800.392.3074, x1343.