414.082. Inspection fees, rate determined by director of revenue--petroleum inspection fund created, fees deposited, uses, investment of moneys.

MISSOURI STATUTES AND CODES

414.082. Inspection fees, rate determined by director of revenue--petroleum inspection fund created, fees deposited, uses, investment of moneys.

Inspection fees, rate determined by director of revenue--petroleuminspection fund created, fees deposited, uses, investment of moneys.

414.082. 1. The fee for the inspection of gasoline,gasoline-alcohol blends, kerosene, diesel fuel, heating oil,aviation turbine fuel, and other motor fuels under this chaptershall be fixed by the director of revenue at a rate per barrelwhich will approximately yield revenue equal to the expenses ofadministering this chapter; except that, until December 31, 1993,the rate shall be one and one-half cents per barrel and beginningJanuary 1, 1994, the fee shall not be less than one and one-halfcents per barrel nor exceed two and one-half cents per barrel.

2. Annually the director of the department of agricultureshall ascertain the total expenses for administering sections414.012 to 414.152 during the preceding year, and shall forward acopy of such expenses to the director of revenue. The directorof revenue shall fix the inspection fee for the ensuing calendaryear at such rate per barrel, within the limits established bysubsection 1 of this section, as will approximately yield revenueequal to the expenses of administering sections 414.012 to414.152 during the preceding calendar year and shall collect thefees and deposit them in the state treasury to the credit of the"Petroleum Inspection Fund" which is hereby created. BeginningJuly 1, 1988, all expenses of administering sections 414.012 to414.152 shall be paid from appropriations made out of thepetroleum inspection fund.

3. 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.

4. The state treasurer shall invest all sums in thepetroleum inspection fund not needed for current operatingexpenses in interest-bearing banking accounts or United Statesgovernment obligations in the manner provided by law. All yield,increment, gain, interest or income derived from the investmentof these sums shall accrue to the benefit of, and be depositedwithin the state treasury to the credit of, the petroleuminspection fund.