Effective - 28 Aug 2007
173.392. Lewis and Clark discovery fund created, use of moneys — annual appropriations, purposes. — 1. There is hereby created in the state treasury a fund to be known as the "Lewis and Clark Discovery Fund". The state treasurer shall deposit to the credit of the fund all moneys which may be distributed to it by the authority, appropriated to it by the general assembly, and any gifts, contributions, grants, or bequests received from federal, private, or other sources for deposit into the fund. The office of administration shall administer the fund. The moneys in the fund shall only be used for any purpose enumerated in subsection 2 of this section. The moneys in the fund may be appropriated by the general assembly, but only for any purpose enumerated in subsection 2 of this section. None of the moneys in the fund shall be considered state funds unless and to the extent such moneys are appropriated by the general assembly.
2. The general assembly may annually appropriate moneys from the Lewis and Clark discovery fund only for the following purposes:
(1) To support funding of capital projects at public colleges and universities, provided that moneys shall not be appropriated to any public college or university that knowingly employs, as of September 1, 2007, any person, as a professor or instructor, required to be registered under sections 589.400 to 589.425; and
(2) To support funding for the Missouri technology corporation's ability to work with colleges and universities in identifying opportunities for commercializing technologies, transferring technologies, and to develop, recruit, and retain entities engaged in innovative technologies.
3. Moneys in the fund shall be invested by the state treasurer in the manner prescribed by law for investment of general revenue funds and any interest earned on invested moneys shall accrue to the benefit of the Lewis and Clark discovery fund and shall reduce payments by the authority pursuant to subsection 2 of section 173.385. Notwithstanding the provisions of section 33.080 to the contrary, moneys in the Missouri Lewis and Clark discovery fund shall not revert to the credit of the general revenue fund at the end of the biennium.
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(L. 2007 S.B. 389)
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Chapter 173 - Department of Higher Education and Workforce Development
Section 173.003 - Retirement and severance policies, uniformity requirement.
Section 173.007 - Commissioner of education, appointment by board — compensation — powers — duties.
Section 173.020 - Responsibilities of the coordinating board.
Section 173.030 - Additional responsibilities.
Section 173.035 - Resources, website directing students to — rulemaking authority.
Section 173.040 - Reports to governor and general assembly, contents.
Section 173.050 - Powers of coordinating board.
Section 173.081 - Rules and regulations, promulgation procedure.
Section 173.091 - Senior citizens' tuition exemption, qualifications, limitations, fee.
Section 173.093 - Limitations on awards of financial assistance.
Section 173.095 - Declaration of policy.
Section 173.100 - Definitions.
Section 173.105 - Board and department duties — required federal reports, submitted to whom.
Section 173.125 - Dispute resolution requirements.
Section 173.130 - Funds not currently needed may be invested, how.
Section 173.141 - Authorized actions of the board.
Section 173.150 - Recovery of loans.
Section 173.160 - Standards of eligibility for loans.
Section 173.170 - Standards of eligibility of loan agreements — discrimination prohibited.
Section 173.180 - Filing of regulations.
Section 173.186 - Guarantors of student loans, eligibility requirements.
Section 173.187 - Lender of last resort revolving fund, established, administration.
Section 173.252 - Interest, guaranty student loan fund, use of.
Section 173.258 - Director to deposit funds in kids' chance scholarship fund, when.
Section 173.270 - Foster care or residential care students, waiver of tuition and fees, when.
Section 173.275 - Foreign gifts to institutions — disclosure to department, when, how, contents.
Section 173.300 - Compact adopted.
Section 173.310 - Bylaws to be filed with secretary of state.
Section 173.320 - Selection of legislative members.
Section 173.330 - Commission members' expenses paid.
Section 173.350 - Citation of law.
Section 173.355 - Definitions.
Section 173.375 - Bond requirements for members of authority — filed where.
Section 173.380 - Conflict of interest, procedure to avoid.
Section 173.386 - Assets may not be used for payment of debt.
Section 173.387 - Authority may be originator of guaranteed student loan, conditions.
Section 173.393 - Misuse of moneys by recipient becomes liability, repayment of moneys.
Section 173.395 - Issuance of more than one series of bonds, requirements — refunding authorized.
Section 173.400 - Bonds construed to be negotiable instruments.
Section 173.410 - State or political subdivision not liable, statement on face of bond required.
Section 173.435 - Institutions and fiduciaries may invest in bonds.
Section 173.440 - Tax exemptions, bonds — exception.
Section 173.445 - Authority assigned to department of higher education — reports required.
Section 173.475 - No discrimination in hiring based on lack of a graduate degree, when.
Section 173.480 - Higher education capital fund created, use of moneys.
Section 173.600 - Definitions.
Section 173.602 - Certificate of approval required to offer courses for sale or solicit students.
Section 173.616 - Schools and courses that are exempt from sections 173.600 to 173.618.
Section 173.618 - Unlawful practices — injunction, board action — penalty.
Section 173.619 - Rules, promulgation.
Section 173.680 - Study on most frequent IT certifications requested by employers — report.
Section 173.700 - Midwestern higher education compact.
Section 173.705 - Midwestern higher education commission — members.
Section 173.708 - Membership of commission — terms — vacancies.
Section 173.730 - International student exchanges — matching funds.
Section 173.735 - Institutions of higher education, conflict of interest policy.
Section 173.754 - Unlawful use false or misleading degree, when — violation, penalty.
Section 173.775 - Citation — fund created.
Section 173.778 - Definitions.
Section 173.781 - High demand occupations and areas, board's duties.
Section 173.784 - Limitations on participation.
Section 173.787 - Loan forgiveness, when.
Section 173.790 - Contract for participation, terms and conditions.
Section 173.793 - Not a guarantee of admission, attendance, or graduation.
Section 173.796 - Tax credit for donations to fund — tax credits prohibited, when.
Section 173.1000 - Citation of law.
Section 173.1101 - Citation of law — references to program.
Section 173.1102 - Definitions.
Section 173.1103 - Board to administer program, duties of the board — fund created, use of moneys.
Section 173.1105 - Award amounts, minimums and maximums — adjustment in awards, when.
Section 173.1106 - Other financial assistance to be reported to board.
Section 173.1107 - Transfer of recipient, effect of.
Section 173.1108 - Inapplicability of sunset act.
Section 173.1350 - Grants authorized, amount, eligibility.
Section 173.1352 - Advanced placement exams, undergraduate course credit, when.
Section 173.1400 - Verification issued, when — form, information.
Section 173.2505 - Scholarship eligibility — amount of scholarship, limitation — fund created.