MO SB899

State treasurer shall transfer fund balances exceeding 200 percent of the previous fiscal year's expenditures to the general revenue fund on July 1, 2012, after all required statutory and constitutional transfers are made.

Excludes from transfer: gifts, donations, bequests, federally-sourced money, constitutionally-created funds, bonded indebtedness funds, insurance or indemnity funds, bond proceeds, constitutionally-created taxes and fees, special trust funds with significant interest earnings, and federal funding recipient funds.

Does not apply to funds subject to section 33.080 that have not been exempted from that section.

For funds with statutory accumulation limits allowing balances of 200 percent or greater of previous fiscal year expenditures, the transfer applies only to the extent necessary to transfer amounts exceeding the 200 percent threshold.

Overrides conflicting provisions of any other law regarding fund transfers and balances.