660.136. Utilicare stabilization fund created--used for utilicare program. - Missouri Statutes

Utilicare stabilization fund created--used for utilicare program.

660.136. 1. The "Utilicare Stabilization Fund" is hereby created inthe state treasury to support the provisions of sections 660.100 to660.136. Funds for the utilicare program may come from state, federal orother sources including funds received by this state from the federalgovernment under the provisions of the Community OpportunitiesAccountability and Training and Educational Services Act of 1998 (TitleIII, Section 301-309, Public Law 93.568), together with any interest orother earnings on the principal of this fund. Except as provided insubsection 3, moneys in the utilicare stabilization fund shall be used forthe purposes established in the Federal Low Income Home Energy AssistanceProgram and sections 660.100 to 660.136.

2. The provisions of section 33.080, RSMo, to the contrarynotwithstanding, money in this fund shall not be transferred and placed tothe credit of general revenue until the amount in the fund at the end ofthe biennium exceeds two times the amount of the appropriation from thefund for the preceding fiscal year. The amount, if any, in the fund, whichshall lapse, is that amount in the fund which exceeds the appropriatemultiple of the appropriations from the fund for the preceding fiscal year.Moneys in the utilicare fund not needed currently for the purposesdesignated in sections 660.100 to 660.136 may be invested by the statetreasurer in the manner that other moneys of the state are authorized bylaw to be invested. All interest, income and returns from moneys of theutilicare stabilization fund shall be deposited in the state treasury tothe credit of the utilicare stabilization fund.

3. When the utilicare stabilization fund receives a transfer pursuantto section 470.270, RSMo, the moneys from that transfer shall be held inthe fund for one full year after the date of transfer and shall be used topay for heating or cooling assistance as provided in sections 660.100 to660.136. Any moneys remaining at the end of that year shall be depositedin the state treasury to the credit of the general revenue fund of thestate.

(L. 1997 S.B. 263, A.L. 2002 S.B. 810)

CROSS REFERENCE:

Utilicare stabilization fund, refund of natural gas or electric rates to be transferred to fund, RSMo 470.270