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MO HB224
Bill
Status
1/7/2015
Primary Sponsor
Caleb Rowden
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AI Summary
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Creates the "Legal Settlements Fund" in the state treasury to collect legal settlement funds from statewide officials including the Attorney General, Secretary of State, and Ethics Commission
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Exempts from deposit requirements any funds dedicated to victim restitution, compensation of parties directed by court order, or charitable purposes agreed to in written settlement contracts
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Requires the state treasurer to serve as custodian of the fund and deposit moneys into general revenue at least annually
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Any remaining funds not deposited at the end of the biennium automatically revert to the general revenue fund
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Interest and earnings from fund investments shall be credited back to the Legal Settlements Fund
Legislative Description
Establishes the Legal Settlements Fund and requires the deposit of legal settlements collected by a statewide office to be deposited into the fund
Last Action
Referred: Government Oversight and Accountability(H)
1/27/2015