HB 717 -- Distribution of Gaming Commission Funds

Sponsor:  Day

This bill changes the distribution of money in the Gaming
Commission Fund.  In its main provisions, the bill:

(1)  Increases the amount that will be transferred to the
Missouri College Guarantee Fund from $4.5 million to $5 million;

(2)  Increases the amount that will be transferred to the
Missouri National Guard Trust Fund from $3 million to $4 million;

(3)  Repeals the provision which allows up to $31 million to be
transferred to Early Childhood Development, Education, and Care
Fund; and

(4)  Requires all moneys remaining in the Gaming Commission Fund
after all distributions and transfers have been made to be
transferred to the Veterans' Commission Capital Improvement Trust
Fund.

Each fiscal year, total revenues to the Gaming Commission Fund
for the preceding fiscal year must be annually compared by
October 1 to the total expenditures and transfers from the fund
for the preceding fiscal year.  The Missouri Gaming Commission
must notify the Office of Administration of the comparison by
November 1 before the proceeds in the fund can be distributed.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:20 am