164.303. School district bond fund established, purpose to fund health and educational facilities authority, costs and grants--lapse into general revenue fund, prohibited.

MISSOURI STATUTES AND CODES

164.303. School district bond fund established, purpose to fund health and educational facilities authority, costs and grants--lapse into general revenue fund, prohibited.

School district bond fund established, purpose to fund health andeducational facilities authority, costs and grants--lapse intogeneral revenue fund, prohibited.

164.303. There is hereby established in the state treasury the"School District Bond Fund". Such amounts as may be necessary to fund theannual requests submitted by the health and educational facilitiesauthority to fund the payment of costs and grants as provided in subsection7 of section 360.106 and sections 360.111 to 360.118, RSMo, and necessarycosts for administration of those provisions, but not to exceed sevenmillion dollars per year, shall be transferred by appropriation to the fundfrom the gaming proceeds for education fund before any amounts in thegaming proceeds for education fund are transferred to the classroom trustfund, as provided in section 160.534, RSMo. Moneys deposited in the schooldistrict bond fund shall be used by the health and educational facilitiesauthority, subject to appropriation, to fund the payment of costs andgrants as provided in subsection 7 of section 360.106 and sections 360.111to 360.118, RSMo, and necessary costs for administration of thoseprovisions. Notwithstanding the provisions of section 33.080, RSMo, to thecontrary, moneys in the fund shall not be transferred to the credit of thegeneral revenue fund at the end of each biennium.