HB 1192 -- STATE FAIR ESCROW FUND

SPONSOR:  Smith (118)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Corrections and Public Institutions by a vote of 8 to 0.

This bill creates the State Fair Escrow Fund which will be
maintained by the State Fair Commission.  All sales income from
the Missouri State Fair and any off-season event will be
deposited into the fund as well as gifts, grants, contributions,
and funds or benefits from any other source.  Moneys in the fund
may be used for costs associated with the fair or any off-season
event and may include expenses and equipment.

The fund is under the direct control of the State Fair Director
and the State Fair Commission.  Moneys in the fund will be used
for the specific purposes listed in the bill and will not revert
or be transferred to general revenue.

FISCAL NOTE:  No impact on state funds in FY 2007, FY 2008, and
FY 2009.

PROPONENTS:  Supporters say that there is a revolving fund which
is currently used by the State Fair Director to pay for grand
stand and arena events.  The bill gives the director statutory
authority to manage this account.

Testifying for the bill were Representative Smith (118); and Mel
Willard, State Fair Director.

OPPONENTS:  There was no opposition voiced to the committee.

Bob Dominique, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:42 am