FOR IMMEDIATE RELEASE
Wednesday, April 22, 2009

Contact:
Jon Galloway
(573) 751-7595 - Office
(573) 418-2923 - Cell
jon.galloway@treasurer.mo.gov

INVEST IN MISSOURI, HB 883, Perfected in House
Legislation reinvests $1 billion in Missouri communities

JEFFERSON CITY - INVEST IN MISSOURI, House Bill 883, received initial approval from the full Missouri House of Representatives last night.  The legislation includes State Treasurer Clint Zweifel's plan to create and retain jobs and reinvest $1 billion in Missouri communities.  Senate Bill 542, which the Senate passed this past week, mirrors HB 883 and will be heard in House committee today upon afternoon adjournment.

 "Expanding the Missouri Linked Deposit Program and increasing returns on taxpayer investments are critical in this economy, and this legislation does both without creating additional programs or increasing spending," Treasurer Zweifel said.  "I am pleased to see the legislation is making progress in each chamber."

Rep. Tim Flook, R-Liberty is the sponsor of the INVEST IN MISSOURI legislation in the House.

"This legislation makes good policy sense.  It lets taxpayers receive a fair return on their investments and it enhances small business and agriculture incentives through the Missouri Linked Deposit Program," Rep. Flook said.  "Bipartisanship and compromise have been part of the process throughout the crafting and passing of INVEST IN MISSOURI, and I applaud my fellow representatives, Democrats and Republicans."

Senate Bill 542 to Receive Hearing Tonight Upon Adjournment.
SB 542, which mirrors HB 883, passed by the Senate on April 16, is also in the House now.  It will be heard in the Financial Institutions Committee upon afternoon adjournment.   Sen. David Pearce, R-Warrensburg, is the sponsor of SB 542.