Missouri Revised Statutes
Chapter 166 - Permanent Funds and Trusts
Section 166.501 - Program established as alternative to Missouri education program.

Effective - 28 Aug 2018, 2 histories
166.501. Program established as alternative to Missouri education program. — Notwithstanding the provisions of sections 166.400 to 166.456 to the contrary, the higher education deposit program is established as a nonexclusive alternative to the Missouri education * program, and any participant may elect to participate in both programs subject to aggregate Missouri program limitations.
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(L. 2004 H.B. 959 § 166.505, A.L. 2018 S.B. 882)
*Statutory reference to "savings" program removed in accordance with section 3.060 based on the name change of the program in section 166.400 by H.B. 297, 2021.

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XI - Education and Libraries

Chapter 166 - Permanent Funds and Trusts

Section 166.011 - Public school fund — source — disposition.

Section 166.021 - Investment of capital of public school fund — securities deposited with state treasurer.

Section 166.031 - State treasurer to be custodian of fund — accounts — annual report.

Section 166.041 - State board of education to keep account with treasurer — suits to recover money due.

Section 166.051 - School moneys fund — interest from investments credited to.

Section 166.061 - Gifts to public school fund.

Section 166.071 - Receipts for gifts to public school fund.

Section 166.081 - Instrument of conveyance, when recorded.

Section 166.091 - Disposition of property granted.

Section 166.101 - Gift for public education which cannot be executed placed in public school fund on order of circuit court.

Section 166.111 - Liability of director of revenue.

Section 166.121 - State, the trustee.

Section 166.131 - County commission to administer county school fund — investments — distribution of income to schools.

Section 166.141 - County treasurer to collect funds — receipts — penalty for violation.

Section 166.151 - Petition to distribute county school fund.

Section 166.161 - Election on proposal to distribute fund — annual apportionment of balance of fund — effect on state aid.

Section 166.275 - Appropriations to satisfy certain judgments transferred to school moneys fund — amount, distribution.

Section 166.300 - Definitions — school building revolving fund created — lease purchases for projects, plan — eligibility for a lease purchase — ranking of projects — plan waived, when — repayment, interest — failure to make annual payments, state to...

Section 166.400 - Citation of law.

Section 166.410 - Definitions.

Section 166.415 - Missouri education program, created, board, members, proxies, powers and duties, investments.

Section 166.420 - Participation agreements, terms and conditions — contribution limitation — penalty.

Section 166.421 - Income tax refund, contribution to education savings account — election, how made.

Section 166.425 - Board to invest funds, use of funds — not deemed income, when.

Section 166.430 - Cancellation of agreement, results — penalty.

Section 166.435 - State tax exemption.

Section 166.440 - Assets not state property.

Section 166.445 - Rules, invalid, when.

Section 166.450 - Review of program.

Section 166.455 - Funds not state revenues.

Section 166.456 - Confidentiality of information.

Section 166.500 - Citation of law.

Section 166.501 - Program established as alternative to Missouri education program.

Section 166.502 - Definitions.

Section 166.505 - Program created, Missouri education program board to administer, powers and duties — investment of funds.

Section 166.508 - Deposit program participation agreements, terms and conditions — contribution limits — minimum holding time for contributions.

Section 166.511 - Prompt investment of moneys paid by participation agreements, use of moneys.

Section 166.514 - Cancellation of agreements, penalty.

Section 166.517 - Assets used for program purposes only.

Section 166.520 - Rulemaking authority.

Section 166.523 - Review of program by state auditor, when.

Section 166.526 - Program moneys not part of total state revenues.

Section 166.529 - Confidentiality requirements.

Section 166.700 - Definitions.

Section 166.705 - Missouri empowerment scholarship account, written agreement, contents — renewal — withdrawal from program, effect of — moneys tax exempt to parents.

Section 166.710 - Annual audits of accounts — disqualification from program, when — referral for misuse of money — rulemaking authority.

Section 166.715 - Misuse of moneys, penalty — financial institutions immunity from liability, when.

Section 166.720 - Government control or supervision over qualified schools prohibited, when — qualified schools not agents of state — transfer of student, effect of.