JEFFERSON CITY, Mo. (7/16/09)--Missouri Gov. Jay Nixon vetoed 23 bills passed by the Missouri General Assembly, including one bill of interest to credit unions. The bill is State Bill (SB) 235, which establishes a process for converting a manufactured home from personal property to real property and back again (The Missouri difference July 15). Nixon vetoed the bill because a Guaranteed Auto Protection (GAP) insurance amendment was included, according to the Missouri Credit Union Association (MCUA). From conversations MCUA had with the governor’s office, it appears that Nixon does not find GAP insurance consumer-friendly, MCUA said. Near the end of the legislative session, a bill to allow banks to sell GAP insurance was added as an amendment to SB 235. GAP insurance covers the gap between what is owed on a car and what it is worth if the car is totaled in a covered loss, such as an accident or theft. By statute, the governor has until 45 days after the end of the legislative session to sign a bill into law or veto it, and the deadline was Tuesday. If not signed or vetoed, bills become laws Aug. 28. The bank GAP insurance language also was in SB 243, which the governor also vetoed. This does not impact GAP insurance offered by credit unions because that insurance is sold via a third party, MCUA said. Lawmakers will have the opportunity to overturn the governor’s vetoes during the veto session in Jefferson City, which begins Sept. 16.