SB 1207 Missouri Senate · 2026 Regular Session

Requires the Missouri Higher Education Loan Authority to file its annual financial report with the Joint Committee on Education

SB 1207 requires the Missouri Higher Education Loan Authority to submit its annual financial report to the Joint Committee on Education. This procedural bill directly affects the Loan Authority by mandating a specific reporting obligation. The key provision is the requirement to file financial reports with the designated legislative committee, rather than another entity. No substantive policy changes or direct impacts on students or institutions are specified. (1 sentence summary as it is procedural)

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Dec 2025

Committee Review

Floor Vote

Governor

Introduced Dec 1, 2025 Last action Apr 28, 2026

Maddy AI version diff · 1 comparison

What changed between versions

5829S.01I - Introduced → Senate Committee Substitute - Committee Version · 4 edits

MODERATE

The bill expanded its scope from repealing only one section to repealing three sections and enacting four new ones. The primary substantive change is the addition of a new section requiring school districts and charter schools to maintain a publicly accessible, searchable financial ledger with specific data fields, updated monthly, and available for at least five prior years. This change significantly increases transparency requirements for public school finances.

Scope change

The bill's scope was broadened to include the repeal of sections 173.365 and 173.831 in addition to 173.445, and it added a new section (162.192) specifically governing financial transparency for school districts and charter schools.

REQUIREMENT

Added a new requirement for school districts and charter schools to maintain a publicly accessible, machine-readable financial ledger on their websites.

Mandated that financial ledgers include specific data fields such as transaction dates, amounts, vendor names, and accounting codes, and must be updated monthly.

ENFORCEMENT

Established enforcement mechanisms allowing the department to withhold up to one percent of state aid for non-compliance and created a process for public complaints.

SCOPE

Expanded the bill to repeal three existing sections (173.365, 173.445, and 173.831) instead of just one, and enacted four new sections instead of one.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 28, 2026

Upper · Passed

SCS Voted Do Pass S Education Committee (5829S.02C)

upper

Apr 28, 2026

Upper · Passed

Hearing Conducted S Education Committee

upper

Dec 1, 2025

Introduced

Prefiled

upper

1 primary · 0 co-sponsors