160.925. Fund created, use of moneys--transfer of moneys. - Missouri Statutes

Fund created, use of moneys--transfer of moneys.

160.925. 1. There is hereby created in the state treasury the "PartC Early Intervention System Fund" for implementing the provisions ofsections 160.900 to 160.925. Moneys deposited in the fund shall beconsidered state funds under article IV, section 15 of the MissouriConstitution. The state treasurer shall be custodian of the fund and shalldisburse moneys from the fund in accordance with sections 30.170 and30.180, RSMo. Upon appropriation, money in the fund shall be used solelyfor the administration of sections 160.900 to 160.925. The state treasurershall invest moneys in the fund in the same manner as other funds areinvested. Any interest and moneys earned on such investments shall becredited to the fund.

2. At the end of each biennium and after all statutorily orconstitutionally required transfer of funds have been made, the statetreasurer shall transfer the balance in the fund, except for gifts,donations, bequests, or money received from a federal source, created insubsection 1 of this section in excess of two hundred percent of theprevious fiscal year's expenditures into the state general revenue fund.

3. Notwithstanding the provisions of section 23.253, RSMo, to thecontrary, the provisions of this section shall not sunset.

(L. 2005 S.B. 500, A.L. 2007 S.B. 112)