Effective - 28 Aug 2015
261.275. Fund created, use of moneys — limitation on appropriation of fund moneys — research of estimated sales tax revenue generated. — 1. There is hereby created in the state treasury the "Missouri Dairy Industry Revitalization Fund", which shall consist of moneys appropriated to the fund. The state treasurer shall be custodian of the fund. In accordance with sections 30.170 and 30.180, the state treasurer may approve disbursements of the fund. Upon appropriation by the general assembly, moneys in the fund shall be used solely to enhance and improve Missouri's dairy and dairy processing industries in the manner provided for in sections 261.270 to 261.295. Notwithstanding the provisions of section 33.080 to the contrary, any moneys remaining in the fund at the end of the biennium shall not revert to the credit of the general revenue fund. The state treasurer shall invest moneys in the fund in the same manner as other funds are invested. Any interest and moneys earned on such investments shall be credited to the fund.
2. Moneys appropriated from the general revenue fund to the Missouri dairy industry revitalization fund shall not exceed forty percent of the estimated sales tax revenue generated in the state from the sale of dairy products during the preceding fiscal year, calculated under subsection 3 of this section, and shall be expended in the following order of priority:
(1) First, to the dairy producer margin insurance premium assistance program created under section 261.280;
(2) Second, to the Missouri dairy scholars program created under section 261.285; and
(3) Third, to the commercial agriculture program created under section 261.290.
3. Each fiscal year the University of Missouri shall conduct research, or contract with an independent research company to conduct research, to determine the estimated sales tax revenue generated in the state from the sale of dairy products. The cost for such calculation shall be paid out of the Missouri dairy industry revitalization fund. The estimated sales tax revenue generated in the state from the sale of dairy products shall be provided to the department of agriculture by October first of each year.
--------
(L. 2015 H.B. 259)
Structure Missouri Revised Statutes
Title XVII - Agriculture and Animals
Chapter 261 - Department of Agriculture
Section 261.010 - Department authorized — director, how appointed, qualifications.
Section 261.020 - Duties and powers of director.
Section 261.026 - Director — trust assets — duties.
Section 261.035 - Agriculture business development fund created — purpose — not to lapse.
Section 261.040 - Employees of director, appointment and transfer, bond.
Section 261.050 - Salaries and accounts.
Section 261.060 - Daily deposit of all moneys in state treasury.
Section 261.090 - Cooperation among departments.
Section 261.095 - Foreign market development — director's duties and powers.
Section 261.100 - Animal export inspection facilities, operation.
Section 261.140 - Fees, work group to convene to review, when — report.
Section 261.200 - Fund created, use of moneys.
Section 261.239 - Division to create website to foster marketing of Missouri agricultural products.
Section 261.240 - Rulemaking authority.
Section 261.256 - Growers' districts authorized, procedure.
Section 261.259 - Board of commissioners.
Section 261.270 - Citation of act.
Section 261.285 - Missouri dairy scholars program — scholarship amount — eligible student defined.
Section 261.290 - Annual study of dairy industry.
Section 261.295 - Rulemaking authority.
Section 261.450 - Food security task force, members, meetings — mission — report — termination date.