HB 787 -- Taxpayers Surplus Trust Fund

Sponsor:  Marble

This bill requires the Commissioner of Administration to list
all existing funds of the state, other than funds mandated by
constitutional provisions or which were set up to accumulate
amounts used to match federal fund sources.  The commissioner is
to determine which funds, as of July 1, 2000, contain moneys
which have lapsed and were not used for the purposes for which
they were appropriated.

Twenty-five percent of the funds identified by the commissioner
are to be transferred to the Taxpayers Surplus Trust Fund, which
is created by the bill.  The moneys in the fund are to be
distributed pursuant to Article X of the Missouri Constitution
(Hancock Amendment), as may be required as a result of any
disposition by the Missouri Supreme Court in the case of Francis
Flotron and Gary Marble v. Wilson and Missouri Merchants and
Manufacturers Association v. State of Missouri.

Any unexpended moneys remaining in the Taxpayers Surplus Trust
Fund after making all distributions pursuant to Article X of the
Missouri Constitution are to be transferred to the General
Revenue Fund.

The provisions of the bill become effective upon determination
of the Missouri Supreme Court in the case of Francis Flotron and
Gary Marble v. Wilson and Missouri Merchants and Manufacturers
Association v. State of Missouri that Article X distributions
are required and not otherwise.

Missouri House of Representatives
Last Updated September 13, 2001 at 2:03 pm