Missouri SB 1578

SB 1578 - This act creates the "Real Estate Fund" in the state treasury, which shall consist of money received from the sale of real property owned by the State of Missouri. The fund shall be administered by the Commissioner of Administration or his or her designee for the purposes of acquiring interest in real property to be used to support state operations. The following moneys shall be deposited to this fund, unless required by statute or constitutional provision to be deposited in some other specifically named fund: • Any money or proceeds resulting from a real property transaction involving State-owned property; and • Any funds appropriated to the fund by the General Assembly or otherwise credited to the fund. The Commissioner of Administration shall prepare an annual report of all receipts and expenditures from the fund. This act is identical to SB 536 (2025) and similar to HB 2289 (2026). SCOTT SVAGERA