Mo. Rev. Stat. § 447.710
Property reuse revolving fund — lapse into general revenue prohibited — investment of fund
Missouri · Revised Statutes of Missouri Chapter 447 — Lost and Unclaimed Property · Status: effective · Effective 1997-12-23
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- Citation
- Mo. Rev. Stat. § 447.710, Property reuse revolving fund — lapse into general revenue prohibited — investment of fund, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1817281
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Full text
1. There is hereby created in the state treasury a fund to be known as the "Property Reuse Revolving Fund". The property reuse fund is intended to provide ten million dollars annually in uncommitted funds for direct loans, loan guarantees and grants. The revolving fund shall consist of all moneys which may be appropriated to it by the general assembly any gifts, contributions, grants or bequests received from federal, private or other sources, and moneys from the repayment of any loans or loan guarantees. Notwithstanding the provisions of section 33.080, no portion of the revolving fund shall be transferred to the general revenue fund at the end of any biennium.
2. At least annually, the state treasurer shall certify the amount deposited in the fund to the departments of economic development, natural resources and revenue.
3. Any portion of the property reuse revolving fund not immediately needed for the purposes authorized shall be invested by the state treasurer as provided by the constitution and laws of this state. All income from such investments shall be credited to the property reuse revolving fund.