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MO HB333
Bill
Status
1/7/2015
Primary Sponsor
Jason Barnes
Click for details
AI Summary
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Creates a new "Legal Settlements Fund" in the state treasury to collect legal settlement funds from statewide offices including the Attorney General, Secretary of State, and Ethics Commission
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Exempts from deposit requirements: victim restitution and damages, compensation for parties employed by statewide offices, cy pres settlements to charitable organizations addressing the underlying harm, and funds to mitigate harm from the legal action
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Requires the State Treasurer to deposit fund moneys into general revenue at least annually, unless the General Assembly appropriates them differently
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Any funds remaining at the end of the biennium automatically revert to the general revenue fund
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Interest and earnings from fund investments are 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)
1/29/2015