Effective - 28 Aug 1993
160.268. Excellence in education revolving fund established — purposes — funding, administration of fund — exempt from transfer to general revenue. — 1. There is hereby created a revolving fund for the department of elementary and secondary education which shall be known as the "Excellence in Education Fund", and which shall be administered by the commissioner of the department of elementary and secondary education. The excellence in education fund shall consist of moneys appropriated annually by the general assembly from general revenue to such fund, and any moneys paid into the state treasury and required by law to be credited to such fund. The annual increase of such appropriation to the revolving fund shall not exceed thirty-three and one-third percent of the increase in the appropriation for the foundation program under section 163.031 for any fiscal year. The excellence in education fund shall be kept separate and apart from all other moneys in the state treasury and shall be paid out by the state treasurer pursuant to chapter 33.
2. After appropriation pursuant to law, the moneys in the excellence in education fund shall be available for the payment of the costs and expenses for programs which shall include, but not be limited to:
(1) The incentives for school excellence program established in section 160.264;
(2) The professional teacher and administrator programs established in sections 168.400 and 168.410;
(3) The career development and teacher excellence plan established in section 168.500 for which funding shall be distributed pursuant to section 163.031.
3. All revenue collected through cost recovery activities authorized pursuant to law shall be credited to the excellence in education fund.
4. Any unexpended balance in the excellence in education fund at the end of each fiscal year shall be exempt from the provisions of section 33.080 relating to the transfer of unexpended balances to the general revenue fund.
5. Moneys in the excellence in education fund shall be invested by the state treasurer in the same deposits and obligations in which state funds are authorized by law to be invested; except that, the income accruing from such investments shall be credited to the excellence in education fund on an annual basis.
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(L. 1985 H.B. 463 § 7, A.L. 1993 S.B. 380)
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Chapter 160 - Schools — General Provisions
Section 160.011 - Definitions, certain chapters.
Section 160.021 - Classes of school districts.
Section 160.031 - School districts formed of cities or towns, defined.
Section 160.045 - Standards for teaching required.
Section 160.061 - Records transferred from county superintendent of schools — duties.
Section 160.075 - American Sign Language courses, treatment as a foreign language, when.
Section 160.250 - Citation of law — statutes involved.
Section 160.272 - Rules and regulations, promulgation.
Section 160.278 - Scholarships, how awarded — students applying to indicate preferences.
Section 160.350 - Missouri award of recognition for student athletes, how chosen, qualifications.
Section 160.408 - High-quality school, defined, replication in unaccredited districts.
Section 160.451 - Earthquake emergency system to be established for certain school districts.
Section 160.453 - Requirements for emergency system — public inspection of system authorized.
Section 160.534 - Excursion gambling boat proceeds, transfer to classroom trust fund.
Section 160.539 - School flex program established — eligible students, requirements — annual report.
Section 160.560 - Diploma program, purpose — requirements — rules.
Section 160.575 - Ready to work endorsement program required — elements — development of standards.
Section 160.660 - School safety provisions — rules.
Section 160.700 - National Guard pilot instruction program — duties — qualifications — fund.
Section 160.710 - Purple star campus designation — definition — criteria.
Section 160.775 - Antibullying policy required — definition — content, requirements.
Section 160.800 - Governor may name council — public hearing required.
Section 160.805 - Articles of incorporation and bylaws — members, terms, staff — annual report.
Section 160.810 - Powers and duties.
Section 160.815 - Debts not debt of the state.
Section 160.820 - Departments may contract with corporation for activities.
Section 160.900 - Participation — lead agency designation — rulemaking authority.
Section 160.905 - State interagency coordinating council established, members, meetings, duties.
Section 160.915 - Regional office proposals, contents.
Section 160.925 - Fund created, use of moneys — transfer of moneys.
Section 160.2000 - Text of compact.
Section 160.2700 - Adult high school defined.