CCS HCS SCS SB 675 -- SPECIAL FUNDS

This bill makes various changes to state law relating to special
funds.  The bill:

(1)  Transfers all interest accrued on the moneys in various
state special funds from July 1, 2001, to June 30, 2003, to the
General Revenue Fund;

(2)  Transfers fixed dollar amounts in various state special
funds to the General Revenue Fund.  These funds and the amounts
transferred are:  State Fair Fees Fund, $6,000; Petroleum
Inspection Fund, $77,617; Department of Revenue Information Fund,
$250,000; Secretary of State's Technology Trust Fund, $102,000;
and Administrative Trust Fund, $3,500,000;

(3)  Creates the Highway Patrol Traffic Records Fund for deposit
of funds received by the State Highway Patrol for copying
documents and providing data processing services related to
traffic accident reports;

(4)  Transfers any outstanding balance in the School Building
Revolving Fund upon the effective date of the bill and any future
deposits into the fund into the State Schools Moneys Fund;

(5)  Requires transfers of certain funds held in escrow accounts
by real estate brokers which are in dispute by the parties in a
real estate transaction to the State Treasurer within 365 days of
the date of the initial projected closing date.  This provision
will become effective January 1, 2004; and

(6)  Transfers 55% of the balance or $6,015,855, whichever is
greater, of the Department of Insurance Dedicated Fund as of the
effective date of the bill to the General Revenue Fund.

The bill contains an emergency clause.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am