SB739 - Missouri - SB739 - Creates the Legislative Budget Office and modifies duties of the Oversight Division of the Committee on Legislative Research

SB 739 - This act establishes the Legislative Budget Office within the Committee on Legislative Research. The Office shall be responsible for the preparation of fiscal notes as well as preparing and presenting budgetary projections and budget alternatives to members of the General Assembly. A subcommittee of not less than six members may be formed to oversee the Legislative Budget Office. The Office shall be headed by a director who may employ staff as necessary. The term of office for the director shall be four years. At least annually, beginning January 1, 2009, the Office shall provide a cash basis financial projection to every member of the General Assembly. Such projection may be similar to the general revenue summary of the executive branch. Any member of the General Assembly may request budgetary projections, including estimating the fiscal effects of the Governor's budget proposals. The Office assumes the duty of preparing fiscal notes. Currently, the Oversight Division of [...]

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