260.920. Dry-cleaning environmental response trust fund created--purpose--not to be considered total state revenue.
Dry-cleaning environmental response trust fund created--purpose--notto be considered total state revenue.
260.920. 1. There is hereby created within the state treasury a fundto be known as the "Dry-cleaning Environmental Response Trust Fund". Allmoneys received from the environmental response surcharges, fees, gifts,bequests, donations and moneys recovered by the state pursuant to sections260.900 to 260.960, except for any moneys paid under an agreement with thedirector or as civil damages, or any other money so designated shall bedeposited in the state treasury to the credit of the dry-cleaningenvironmental response trust fund, and shall be invested to generate incometo the fund. Notwithstanding the provisions of section 33.080, RSMo, theunexpended balance in the dry-cleaning environmental response trust fund atthe end of each fiscal year shall not be transferred to the general revenuefund.
2. Moneys in the fund may be expended for only the following purposesand for no other governmental* purpose:
(1) The direct costs of administration and enforcement of sections260.900 to 260.960; and
(2) The costs of corrective action as provided in section 260.925.
3. The state treasurer is authorized to deposit all of the moneys inthe dry-cleaning environmental response trust fund in any of the qualifieddepositories of the state. All such deposits shall be secured in such amanner and shall be made upon such terms and conditions as are now or mayhereafter be provided by law relative to state deposits. Interest receivedon such deposits shall be credited to the dry-cleaning environmentalresponse trust fund.
4. Any funds received pursuant to sections 260.900 to 260.960 anddeposited in the dry-cleaning environmental response trust fund shall notbe considered a part of "total state revenue" as provided in sections 17and 18 of article X of the Missouri Constitution.
(L. 2000 S.B. 577)Expires 8-28-12
*Word "government" appears in original rolls.