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Committee hears bill to extend Secretary of State technology trust fund sunset to 2030
Summary
Representative Brad Bannerman and Secretary of State staff told the House Committee on Economic Development that House Bill 770 would extend the sunset for the Secretary of State's Technology Trust Fund to 2030 and that existing filing fees have sufficed since the fund's 1994 start.
The House Committee on Economic Development heard testimony on House Bill 770, which would extend the sunset date for the Secretary of State's Technology Trust Fund by four years to 2030.
Representative Brad Bannerman, sponsor, told the committee the fund — established in the mid-1990s with a sunset provision — allows the Secretary of State's Office to pay for technology upgrades without using general revenue, supported by filing fees such as business-service filings, UCC and notary filings. "This is an income stream for this particular fund that is outside the general revenue," Bannerman said.
Daniel Wilhelm, director for Missouri Secretary of State Business Services, told the committee the fee structure "has not been adjusted since 1994" and that the fund has been sufficient to cover the office's technology needs. Wilhelm said the fund has been used to refresh election infrastructure and purchase storage devices, and that it supports IT staff, software updates, election equipment, scanners, archives and other systems.
Committee members asked whether fees had changed and about sufficiency of revenues; Wilhelm said he would provide further detail if requested but testified that, based on current needs, he did not see a need to increase fees. No opposition testimony was recorded in the provided transcript segment.
