253.092. Arrow Rock state historic site endowment fund created, expenditure of moneys in fund--state treasurer to be custodian.
Arrow Rock state historic site endowment fund created, expenditure ofmoneys in fund--state treasurer to be custodian.
253.092. 1. There is hereby created in the state treasury the "ArrowRock State Historic Site Endowment Fund". The fund shall be administeredby the Missouri department of natural resources. All moneys, funds, orother assets acquired for purposes of this section shall be deposited withthe state treasurer to the credit of the fund. All income, interest,rights, or rent earned through the operation of the fund shall also becredited to the fund. All other property, real and personal, acquiredthrough any grant, gift, donation, devise, or bequest specified for theArrow Rock state historic site endowment fund for purposes stated in thissection shall also be deposited in the fund. The original bequest of Billand Cora Lee Miller made in the amount of twenty-one thousand nine hundredsixty-five dollars and ninety-two cents to the state park earnings fund ishereby transferred into the Arrow Rock state historic site endowment fund.
2. The Arrow Rock state historic site endowment fund shall be usedfor the enhancement of Arrow Rock state historic site's public interpretiveprograms, and may be used by the Missouri department of natural resourcesfor the preparation of museum exhibits, acquisition of artifacts,publication of information, payment of fees for exhibits or lectures, orother similar interpretive needs at Arrow Rock state historic site and forno other purpose.
3. The state treasurer shall be the custodian of all moneys, bonds,securities, or interests and rights therein deposited in the state treasuryto the credit of the Arrow Rock state historic site endowment fund andshall invest the moneys in the fund in a manner as provided by law.
4. Until January 1, 2100, the Missouri department of naturalresources may annually expend an amount equal to one-half of the interestearned by the Arrow Rock state historic site endowment fund in theimmediately preceding fiscal year for the purposes stated in this section.Beginning January 1, 2100, and thereafter the Missouri department ofnatural resources may annually expend an amount equal to the interestearned by the Arrow Rock state historic site endowment fund in theimmediately preceding fiscal year, for the purposes stated in this section.
5. Funds from the Arrow Rock state historic site endowment fund shallbe expended only upon appropriation by the general assembly.Notwithstanding the provisions of section 33.080, RSMo, to the contrary,funds appropriated, but not expended by the end of the fiscal year, shallrevert to the Arrow Rock state historic site endowment fund.
(L. 2002 S.B. 1015)