Effective - 28 Aug 1993
160.500. Citation of law — outstanding schools trust fund — commissioner of administration, estimates — state treasurer, duties, transfer of funds. — 1. Sections 160.500 to 160.538, sections 160.545 and 160.550, sections 161.099 and 161.610, sections 162.203 and 162.1010, section 163.023, sections 166.275 and 166.300, section 170.254, section 173.750, and sections 178.585 and 178.698 may be cited as the "Outstanding Schools Act" and includes provisions relating to reduced class size, the A+ schools program, funding for parents as teachers and early childhood development, teacher training, the upgrading of vocational and technical education, measures to promote accountability and other provisions of those sections.
2. There is hereby established in the state treasury the "Outstanding Schools Trust Fund". The moneys in the fund shall be available to support only the provisions, reforms and programs referenced in subsection 1 of this section or otherwise contained in this act*. The fund shall consist of moneys required by law to be credited to such fund and moneys appropriated annually by the general assembly. Notwithstanding the provisions of section 33.080 to the contrary, moneys in the fund shall not be transferred to the credit of the general revenue fund at the end of the biennium. All yield, interest, income, increment or gain received from time deposit of moneys in the state treasury to the credit of the fund shall be credited by the state treasurer to the fund. Of all refunds made of taxes deposited into the fund, the appropriate percentage of any refund shall be paid from the fund or deducted from transfers to the fund.
3. The commissioner of administration shall estimate and furnish to the state treasurer the appropriate net increase in the amount of state tax revenues collected and any adjustments to previous estimates pursuant to this act* from the following: the additional one and one-fourth percent tax on Missouri taxable income collected under subsection 2 of section 143.071; and the reduction of the federal income tax deduction pursuant to subsections 3 and 4** of section 143.171, not including any change in tax collections resulting from any revision of the federal tax code made after January 1, 1993. The treasurer shall transfer monthly from general revenue an amount equal to the estimate to the outstanding schools trust fund established in subsection 2 of this section.
--------
(L. 1993 S.B. 380 §§ A, 1)
* "This act" (S.B. 380, 1993) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
**Statutory reference to subsections "2 and 3" changed to "3 and 4" in accordance with section 3.060 based on renumbering within section 143.171 by H.B. 2540, 2018.
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.