260.920. Dry-cleaning environmental response trust fund created — purpose — not to be considered total state revenue.

327 words·~1 min read·/mo/chapter-260/260-920

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260.920. Dry-cleaning environmental response trust fund created — purpose — not to be considered total state revenue. — 1. There is hereby created within the state treasury a fund to be known as the "Dry-cleaning Environmental Response Trust Fund". All moneys received from the environmental response surcharges, fees, gifts, bequests, donations and moneys recovered by the state pursuant to sections 260.900 to 260.960 , except for any moneys paid under an agreement with the director or as civil damages, or any other money so designated shall be deposited in the state treasury to the credit of the dry-cleaning environmental response trust fund, and shall be invested to generate income to the fund.

Notwithstanding the provisions of section 33.080 , the unexpended balance in the dry-cleaning environmental response trust fund at the end of each fiscal year shall not be transferred to the general revenue fund.

2. Moneys in the fund may be expended for only the following purposes and for no other governmental * purpose:

(1)The direct costs of administration and enforcement of sections 260.900 to 260.960 ; and

(2)The costs of corrective action as provided in section 260.925 .

3. The state treasurer is authorized to deposit all of the moneys in the dry-cleaning environmental response trust fund in any of the qualified depositories of the state. All such deposits shall be secured in such a manner and shall be made upon such terms and conditions as are now or may hereafter be provided by law relative to state deposits. Interest received on such deposits shall be credited to the dry-cleaning environmental response trust fund.

4. Any funds received pursuant to sections 260.900 to 260.960 and deposited in the dry-cleaning environmental response trust fund shall not be considered a part of "total state revenue" as provided in Sections 17 and 18 of Article X of the Missouri Constitution.

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(L. 2000 S.B. 577)

Expires 8-28-17; see § 260.965

*Word "government" appears in original rolls.