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Code · Missouri · Chapter 262

262.911. Hardwood products, promotion of — fund created, use of moneys — sunset provision.

330 words·~2 min read·/mo/chapter-262/262-911

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

262.911. Hardwood products, promotion of — fund created, use of moneys — sunset provision. — 1. The department of economic development shall promote Missouri hardwood forest products and educate the public on the value and benefits of such hardwood products. The department may contract with any statewide association dedicated to the promotion of Missouri hardwood forest products to satisfy the requirements of this section.
2.
(1)There is hereby created in the state treasury the "Missouri Hardwood Forest Product Promotion Fund", which shall consist of any grants, gifts, devises, bequests, and moneys appropriated by the general assembly to the fund. The state treasurer shall be custodian of the fund. In accordance with sections 30.170 and 30.180 , the state treasurer may approve disbursements. The fund shall be a dedicated fund and, upon appropriation, moneys in this fund shall be used solely to promote and educate about Missouri hardwood forest products as provided in this section.
(2)Notwithstanding the provisions of section 33.080 to the contrary, any moneys remaining in the fund at the end of the biennium shall not revert to the credit of the general revenue fund.
(3)The state treasurer shall invest moneys in the fund in the same manner as other funds are invested. Any interest and moneys earned on such investments shall be credited to the fund.
3. Under section 23.253 of the Missouri sunset act:
(1)The provisions of the new program authorized under this section shall automatically sunset six years after August 28, 2023, unless reauthorized by an act of the general assembly; and
(2)If such program is reauthorized, the program authorized under this section shall automatically sunset twelve years after the effective date of the reauthorization of this section; and
(3)This section shall terminate on September first of the calendar year immediately following the calendar year in which the program authorized under this section is sunset.
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(L. 2023 H.B. 202 merged with S.B. 138)
Sunset date 8-28-29
Termination date 9-01-30
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