MO SB466

Repeals and replaces section 313.835, RSMo, regarding the Gaming Commission Fund, which receives revenue from license fees, penalties, administrative fees, reimbursements from excursion gambling boat operators, and admission fees.

Allocates the first $500,000 in remaining net proceeds annually to cities and counties that match state funds for community neighborhood organization programs serving homeless populations and deterring gang-related violence.

Directs remaining net proceeds from boats licensed after January 1, 1999 to the veterans' commission capital improvement trust fund beginning in fiscal year 2014.

Distributes remaining net proceeds from boats licensed before January 1, 1999 to: $4.5 million to Access Missouri financial assistance fund; $3 million to veterans' commission capital improvement trust fund; $3 million to Missouri national guard trust fund; and remaining proceeds to early childhood development, education and care fund.

Provides additional allocations when annual remaining net proceeds exceed $28 million: $500,000 to Access Missouri fund, $3 million to veterans' fund, and $1 million to national guard fund.