313.007. Bingo proceeds for education fund, established, purpose.
233 words·~1 min read·
/mo/chapter-313/313-007A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
313.007. Bingo proceeds for education fund, established, purpose. — 1. Notwithstanding any other provisions of law to the contrary, all net proceeds derived from the state taxes contained in this chapter relating to bingo shall be deposited in the "Bingo Proceeds for Education Fund", which is hereby created in the state treasury. Moneys in this fund shall be considered state funds pursuant to Article IV, Section 15 of the Missouri Constitution. All interest received on bingo proceeds for education fund shall be credited to the bingo proceeds for education fund.
Appropriations of the moneys deposited in the bingo proceeds for education fund shall be pursuant to state law. The provisions of section 33.080 requiring all unexpended balances remaining in various state funds to be transferred and placed to the credit of the ordinary revenue fund of this state at the end of each biennium shall not apply to the bingo proceeds for education fund. All net tax receipts collected pursuant to subsection 10 of section 313.057 shall be paid over immediately to the state treasurer to be deposited to the credit of the bingo proceeds for education fund.
2. This section shall become effective July 1, 1993 * .
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(L. 1993 S.B. 10 & 11, A.L. 1994 S.B. 427)
Effective 6-28-94
*This section was amended by S.B. 427, 1994, with an emergency clause, and was signed by the governor June 28, 1994.