HB 288 -- Classroom Trust Fund

Co-Sponsors:  Jetton, Lager, Hobbs, Schaaf, Pearce, Yates,
Munzlinger, Rupp, Schlottach, Baker, Nieves, Stefanick, Smith
(14), Dixon, Kingery

Beginning in Fiscal Year 2007 and upon condition of full funding
of the Foundation Formula Program for the distribution of state
school aid, 20% of the moneys from the Gaming Proceeds for
Education Fund will be redirected into the Classroom Trust Fund,
created by the bill.  Each subsequent year for four years, an
additional 20% of those moneys will be directed to the Classroom
Trust Fund until 100% of the gaming moneys go to that fund.
Currently, these funds are deposited in the State School Moneys
Fund, which provides funds for the foundation formula.  The bill
directs that the gambling moneys must be replaced in the State
School Moneys Fund by general revenue.  The funds will be
distributed on a per-pupil basis and may be used for teacher
recruitment and retention, construction and repair of buildings,
technology enhancements or instructional materials, school
safety, and for supplying additional funds for any required state
or federal program.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am