262.260. Admission fees, revenues from sale of privileges and pari-mutuel wagering--disposition--state fair fee fund created--gifts and grants authorized, transfer to general revenue prohibited--purpo - Missouri Statutes

Admission fees, revenues from sale of privileges and pari-mutuelwagering--disposition--state fair fee fund created--gifts andgrants authorized, transfer to general revenueprohibited--purpose of fund--investment.

262.260. 1. The commission shall establish admission fees to becharged at the gates of the fairgrounds. The admission fees, revenues fromthe sale of privileges and revenues as a result of pari-mutuel wageringshall be payable to and collected by the department of agriculture andtransmitted to the state director of revenue who shall deposit the same tothe credit of the "State Fair Fee Fund" which is hereby created in thestate treasury. Such fund may also receive gifts, grants, contributions,appropriations and funds or benefits from any other source or sources. Themoney in the state fair fee fund may be used in improving and beautifyingthe grounds, paying premiums and defraying expenses of the state fair,including officers' salaries, the hire of assistants, expense andequipment, capital improvements and maintenance and repair.

2. The unexpended balance in the state fair fee fund at the end ofeach fiscal year shall not be transferred to the general revenue fund ofthe state, and the provisions of section 33.080, RSMo, relating to thetransfer of funds to the general revenue fund of the state by the statetreasurer shall not apply to the state fair fee fund.

3. Any portion of the fund not immediately needed for the purposesauthorized shall be invested by the state treasurer as provided by theconstitution and laws of this state. All income from such investmentsshall be deposited in the state fair fee fund.

(RSMo 1939 § 14158, A.L. 1947 V. I p. 19, A.L. 1967 p. 370, A.L. 1977 S.B. 431, A.L. 1983 H.B. 729, A.L. 1986 S.B. 572 merged with S.B. 580, A.L. 1992 S.B. 602, A.L. 1994 S.B. 692, A.L. 1997 S.B. 216, A.L. 2000 S.B. 540)

Prior revisions: 1929 § 12478; 1919 § 12047; 1909 § 679