324.930. Missouri electrical industry licensing fund created.
199 words·~1 min read·
/mo/chapter-324/324-930A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
324.930. Missouri electrical industry licensing fund created. — There is hereby created in the state treasury the "Missouri Electrical Industry Licensing Fund", which shall consist of money collected under sections 324.900 to 324.945 . The state treasurer shall be custodian of the fund and may approve disbursements from the fund in accordance with sections 30.170 and 30.180 . Upon appropriation, money in the fund shall be used solely for the administration of sections 324.900 to 324.945 .
The provisions of section 33.080 to the contrary notwithstanding, moneys in this fund shall not be transferred and placed to the credit of general revenue until the amount in the fund at the end of the biennium exceeds three times the amount of the appropriation from the fund for the preceding fiscal year. The amount, if any, in the fund which shall lapse is that amount in the fund which exceeds the appropriate multiple of the appropriations from the fund for the preceding fiscal year.
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.
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(L. 2017 S.B. 240)