Lawmakers approve accounts for stimulus funds

Tuesday, March 10, 2009 | 1:59 p.m. CDT; updated 2:46 p.m. CDT, Tuesday, March 10, 2009

JEFFERSON CITY — State lawmakers have approved a bill to help track Missouri's share of the $787 billion federal economic stimulus package.

Missouri is expected to receive at least $4 billion from the federal law.

The legislation creates two separate accounts — one for "stimulus" funds; the other for "budget stabilization" funds received under the federal law. It also allows the state treasurer to create additional dedicated accounts for stimulus money.

Gov. Jay Nixon has already created the two main accounts by executive order.

Senators gave final approval to a bill putting those accounts into state law by a 33-0 vote Tuesday. The bill now goes to the governor.


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