SB 1127 (Session: 2026, Missouri) – Summary
Purpose
- The bill requires the Missouri State Treasurer to annually report to the General Assembly on funds established in the state treasury from which no disbursement has occurred during the five-year period ending June 30 of the applicable year.
- It directs sweeps of certain idle funds into the General Revenue Fund, effectively transferring remaining moneys from specific funds when they have not been used for five consecutive years.
Key Provisions
1) Annual reporting requirement (Section 33.082)
- The State Treasurer must submit an annual report to the General Assembly.
- The report details each fund in the state treasury from which no disbursement has occurred during the preceding five-year window (five-year period ending June 30 of the report year).
- The report must indicate whether any remaining moneys in these funds have been transferred to the General Revenue Fund under current law.
2) Mandatory sweeps of ten specified funds into the General Revenue Fund
If, after review, there are remaining moneys in the following funds, those funds’ balances would be swept into the General Revenue Fund:
- Workers Memorial Fund (Section 8.900)
- State Document Preservation Fund (Section 109.005)
- MO HealthNet Fraud Prosecution Revolving Fund (Section 191.905)
- Coordinating Board for Early Childhood Fund (Section 210.102)
- Arrow Rock State Historic Site Endowment Fund (Section 253.092)
- Confederate Memorial Park Endowment Fund (Section 253.120)
- Missouri Dairy Industry Revitalization Fund (Section 261.275)
- Apple Merchandising Fund (Section 265.180)
- Agricultural Product Utilization and Business Development Loan Guarantee Fund (Section 348.409)
- Manufactured Housing Consumer Recovery Fund (Section 700.041)
3) Relation to prior legislation
- The act is substantially similar to SB 722 from 2025.
Background and Context
- The measure focuses on transparency regarding dormant funds and efficiency in state finances by redirecting dormant balances to General Revenue, potentially funding other state priorities.
- The reporting requirement aims to provide the General Assembly with visibility into unspent funds and the status of any automatic transfers mandated by current law.
Procedural Timeline (as reflected in action history)
- 2025-12-01: Prefiled
- 2026-01-07: First Read
- 2026-01-15: Referred to Senate Government Efficiency Committee
- 2026-01-26: Hearing canceled
- 2026-02-02: Hearing conducted
- 2026-02-09: SCS (Senate Committee Substitute) voted Do Pass in Government Efficiency Committee
Potential Impact
- Increased accountability: annual reporting highlights dormant funds and compliance with existing transfer rules.
- Fiscal effect: automatic sweeps would move unused balances from specified funds to General Revenue, potentially affecting program-specific activities and reserve levels but increasing General Revenue flexibility.
- Administrative impact: requires Treasury to track fund activity over rolling five-year periods and prepare detailed reports.
Who is affected
- State Treasury operations (reporting and accounting procedures)
- Stakeholders of the ten swept funds, including agencies overseeing those funds and any programs relying on them
- General Assembly, which would receive annual reports and may consider appropriations or policy actions tied to the sweeps
Note
- The bill’s specifics may be updated in committee versions (e.g., SCS), so readers should consult the latest legislative text for exact language and implementation dates.
