276.617. Livestock dealer law enforcement and administration fund, created--use, investment of funds--fund not to lapse. - Missouri Statutes

Livestock dealer law enforcement and administration fund,created--use, investment of funds--fund not to lapse.

276.617. 1. All penalties assessed for violations of thischapter shall be paid to the state treasurer to be credited tothe "Livestock Dealer Law Enforcement and Administration Fund",which is hereby created. All money credited to the livestockdealer law enforcement and administration fund shall be for theuse and benefit of the animal health division of the departmentof agriculture and specified in the annual appropriations to thedepartment.

2. The unexpended balance in the fund at the end of eachfiscal year shall not be transferred to the general revenue fundof the state, and the provisions of section 33.080, RSMo,relating to the transfer of funds to the general revenue fund ofthe state by the state treasurer shall not apply to this fund.

3. The state treasurer shall invest all sums in thelivestock dealer law enforcement and administration fund notneeded for current operating expenses in interest-bearing bankingaccounts or United States government obligations in the mannerprovided by law. All yield, increment, gain, interest or incomederived from the investment of these sums shall accrue to thebenefit of, and be deposited within, the state treasury to thecredit of the livestock dealer law enforcement and administrationfund.

(L. 1987 H.B. 368)