640.160. Energy futures fund created, use of moneys. - Missouri Statutes

Energy futures fund created, use of moneys.

640.160. 1. There is hereby created in the state treasury the"Energy Futures Fund" which shall consist of money appropriated by thegeneral assembly or received from gifts, bequests, donations, or from thefederal government. The state treasurer shall be custodian of the fund andmay approve disbursements from the fund in accordance with sections 30.170and 30.180, RSMo. Notwithstanding the provisions of section 33.080, RSMo,to the contrary, any moneys remaining in the fund at the end of thebiennium shall not revert to the credit of the general revenue fund. Thestate treasurer shall invest moneys in the fund in the same manner as otherfunds are invested. Any interest and moneys earned on such investmentsshall be credited to the fund.

2. Upon appropriation, the department of natural resources may usemoneys in the fund created under this section for the purposes of carryingout the provisions of sections 640.150 to 640.160 including, but notlimited to, energy efficiency programs, energy studies, energy resourceanalyses, or energy projects. After appropriation, the department may alsoexpend funds for the administration and management of energyresponsibilities and activities associated with projects and studies fundedfrom the energy futures fund.

(L. 2009 H.B. 661)