HB 1461 Missouri House · 2025 Regular Session

Creates a revolving loan program to assist homeowners' associations with erosion control

HB 1461 creates a revolving loan fund to help Missouri homeowners' associations (HOAs) fund erosion control projects near waterways. The program provides loans covering up to 80% of project costs at 3.5% interest, requiring HOAs to first approve a homeowner assessment. Eligible projects include natural solutions like restoring creek banks with vegetation, daylighting waterways, or adding natural flood capacity - excluding impermeable surfaces like concrete lining. This directly affects HOAs that are nonprofit under Missouri law and need to implement environmentally focused erosion control.

Issues: ✓ Environment

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 25, 2025 Last action Apr 16, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → House Committee Substitute · 5 edits

MODERATE

The bill was amended to expand eligible projects for funding, adjust loan interest rates to be more competitive, add a loan term limit, and require homeowners' associations to place liens on properties as collateral. These changes aim to make the loan program more flexible and financially viable for communities seeking to improve natural drainage systems.

Scope change

The scope of eligible projects was expanded from five specific types to include 'adding or restoring natural flood and catchment capacity' as a distinct category, while maintaining the original five categories. The scope of financial requirements was also expanded to include loan terms and collateral requirements.

ELIGIBILITY

Added 'adding or restoring natural flood and catchment capacity' as a specific eligible project type alongside existing categories like daylighting waterways and bank stabilization.

FISCAL

Changed the maximum interest rate on loans from a fixed 3.5% to the greater of the federal funds rate or 2%, making rates more competitive with market conditions.

REQUIREMENT

Added a requirement that loan terms must include a repayment schedule of no more than ten years.

Added a new requirement that homeowners' associations must place liens or contingent liens on all properties where project improvements abut or are located, using the property as loan collateral.

TECHNICAL

Changed the bill identifier from 'Introduced' to 'House Committee Substitute' and updated the bill number from 2983H.01I to 2983H.02C to reflect committee amendments.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 16, 2025

Committee

Referred: Rules - Administrative(H)

lower

Apr 1, 2025

Lower · Passed

HCS Reported Do Pass (H) - AYES: 11 NOES: 0 PRESENT: 0

lower

Mar 31, 2025

Lower · Passed

HCS Voted Do Pass (H)

lower

Mar 6, 2025

Committee

Referred: Conservation and Natural Resources(H)

lower

Feb 25, 2025

Introduced

Introduced and Read First Time (H)

lower

1 primary · 0 co-sponsors