374.150. Fees paid to director of revenue, exception--department of insurance, financial institutions and professional registration dedicated fund established, purpose--lapse into general revenue, whe - Missouri Statutes

Fees paid to director of revenue, exception--department of insurance,financial institutions and professional registration dedicatedfund established, purpose--lapse into general revenue, when.

374.150. 1. All fees due the state under the provisions of theinsurance laws of this state shall be paid to the director of revenue anddeposited in the state treasury to the credit of the insurance dedicatedfund unless otherwise provided for in subsection 2 of this section.

2. There is hereby established in the state treasury a special fundto be known as the "Insurance Dedicated Fund". The fund shall be subjectto appropriation of the general assembly and shall be devoted solely to thepayment of expenditures incurred by the department attributable to dutiesperformed by the department for the regulation of the business ofinsurance, regulation of health maintenance organizations and the operationof the division of consumer affairs as required by law which are not paidfor by another source of funds. Other provisions of law to the contrarynotwithstanding, beginning on January 1, 1991, all fees charged under anyprovision of chapter 325, 354, 374, 375, 376, 377, 378, 379, 380, 381, 382,383, 384 or 385, RSMo, due the state shall be paid into this fund. Thestate treasurer shall invest moneys in this fund in the same manner asother state funds and any interest or earnings on such moneys shall becredited to the insurance dedicated fund. The provisions of section33.080, RSMo, notwithstanding, moneys in the fund shall not lapse, betransferred to or placed to the credit of the general revenue fund unlessand then only to the extent to which the unencumbered balance at the closeof the biennium year exceeds two times the total amount appropriated, paid,or transferred to the fund during such fiscal year.

(RSMo 1939 § 5786, A.L. 1945 p. 1018, A. 1949 H.B. 2115, A.L. 1990 H.B. 1739, A.L. 1991 H.B. 575, A.L. 2003 S.B. 675, A.L. 2007 S.B. 66)

Prior revisions: 1929 § 5676; 1919 § 6087; 1909 § 6881