MO SB348

Beginning July 1, 2015, all excess fund balances from statutory and administratively-created funds under the Office of Administration must be transferred to the state general revenue fund

Funds designated for payment of interest and principal on bonded indebtedness are exempt from the transfer requirement

Includes an emergency clause citing the current fiscal crisis, allowing the act to take effect immediately upon passage and approval rather than the standard effective date

Justified as necessary for the immediate preservation of public health, welfare, peace, and safety