644.530. Water pollution control bond and interest fund created, how used. - Missouri Statutes

Water pollution control bond and interest fund created, how used.

644.530. There is hereby created in and for the statetreasury for the state of Missouri a fund to be known anddesignated as "The Water Pollution Control Bond and InterestFund". Upon the issuance of the bonds or any portion thereof,the state board of fund commissioners shall notify thecommissioner of administration of the amount of money required,in the remaining portion of the fiscal year during which thebonds have been issued, for the payment of interest on the bonds,and of the amount of money required for the payment of intereston the bonds in the next succeeding fiscal year, and to pay thebonds as they mature. Thereafter, within thirty days after thebeginning of each fiscal year, the state board of fundcommissioners shall notify the commissioner of administration ofthe amount of money required for the payment of interest on thebonds in the next succeeding fiscal year and to pay the bondsmaturing in such next succeeding fiscal year. It shall be theduty of the commissioner of administration to transfer, at leastmonthly, from the state revenue fund, after deducting therefromthe proportionate part thereof appropriated for the support ofthe free public schools, and to the credit of the water pollutioncontrol bond and interest fund such sum as may be necessary fromtime to time until there shall have been transferred to saidfund, the amount so certified to him by the state board of fundcommissioners, as hereinabove provided.

(L. 1972 S.B. 596 § 7)

Effective 3-29-72

*Transferred 1986; formerly 204.530