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MO SB505
Bill
Status
Introduced
1/8/2014
Primary Sponsor
Brian Munzlinger
Click for details
AI Summary
- Repeals and replaces section 313.835, RSMo, to modify distribution of net proceeds from the Gaming Commission Fund
- First $500,000 of net proceeds annually distributed on per capita basis to cities and counties matching state funds for community programs serving homeless populations and deterring gang violence
- Remaining net proceeds distributed annually starting fiscal year 2013: $5 million to Access Missouri financial assistance fund, $4 million to Missouri National Guard trust fund, and 100% of remaining proceeds to veterans' commission capital improvement trust fund
- Eliminates the previous $3 million annual allocation to veterans' commission capital improvement trust fund and redirects it to the Access Missouri fund
- Establishes equal distribution among three funds with provision that once individual fund caps are reached, remaining transfers go to unfunded funds, with all future proceeds going to veterans' fund once the other two are fully funded
Legislative Description
Modifies the schedule of transfers from the Gaming Commission Fund
Last Action
Hearing Conducted S Ways and Means Committee
1/23/2014
Committee Referrals
Ways And Means And Fiscal Oversight1/9/2014
Full Bill Text
No bill text available