SECOND REGULAR SESSION

HOUSE BILL NO. 1382

92ND GENERAL ASSEMBLY

 

 

INTRODUCED BY REPRESENTATIVES JACKSON (Sponsor), JETTON, BROWN, BAKER,

DUSENBERG AND BOUGH (Co-sponsors).Read 1st time February 4, 2004, and copies ordered printed.

STEPHEN S. DAVIS, Chief Clerk

4427L.01I

 

AN ACT

To amend chapter 42, RSMo, by adding thereto one new section relating to the veterans' historical education trust fund.




Be it enacted by the General Assembly of the state of Missouri, as follows:


            Section A. Chapter 42, RSMo, is amended by adding thereto one new section, to be known as section 42.015, to read as follows:

            42.015. 1. In order to contribute to the preservation of freedom, there is established in the state treasury a special trust fund, to be known as the "Veterans' Historical Education Trust Fund". The fund shall be administered by the commission for the sole purpose of financing veterans' outreach and education programs established in section 42.014.

            2. The state treasurer shall credit to and deposit in the veterans' historical education trust fund all amounts received by or designated to the fund established pursuant to this section and any other amounts which may be received from grants, gifts, bequests, appropriations, the federal government, or other sources granted or given for this specific purpose. The state treasurer shall invest moneys in the veterans' historical education trust fund in the same manner as surplus state funds are invested pursuant to section 30.260, RSMo. All earnings resulting from the investment of moneys in the veterans' historical education trust fund shall be credited to the veterans' historical education trust fund.

            3. As established by this section, funds appropriated by the general assembly from the veterans' historical education trust fund shall only be used by the commission for purposes authorized pursuant to section 42.014 and shall not be used to supplant any existing program or service.

            4. The provisions of section 33.080, RSMo, requiring all unexpended balances remaining in various state funds to be transferred and placed to the credit of the general revenue fund of this state at the end of each biennium shall not apply to the veterans' historical education trust fund.