Missouri Revised Statutes
Chapter 447 - Lost and Unclaimed Property
Section 447.710 - Property reuse revolving fund — lapse into general revenue prohibited — investment of fund.

Effective - 23 Dec 1997
447.710. Property reuse revolving fund — lapse into general revenue prohibited — investment of fund. — 1. There is hereby created in the state treasury a fund to be known as the "Property Reuse Revolving Fund". The property reuse fund is intended to provide ten million dollars annually in uncommitted funds for direct loans, loan guarantees and grants. The revolving fund shall consist of all moneys which may be appropriated to it by the general assembly any gifts, contributions, grants or bequests received from federal, private or other sources, and moneys from the repayment of any loans or loan guarantees. Notwithstanding the provisions of section 33.080, no portion of the revolving fund shall be transferred to the general revenue fund at the end of any biennium.
2. At least annually, the state treasurer shall certify the amount deposited in the fund to the departments of economic development, natural resources and revenue.
3. Any portion of the property reuse revolving fund not immediately needed for the purposes authorized shall be invested by the state treasurer as provided by the constitution and laws of this state. All income from such investments shall be credited to the property reuse revolving fund.
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(L. 1995 H.B. 414, A.L. 1997 2d Ex. Sess. S.B. 1)
Effective 12-23-97

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXIX - Ownership and Conveyance of Property

Chapter 447 - Lost and Unclaimed Property

Section 447.010 - Duty of persons finding lost money, goods.

Section 447.020 - Appointment of appraisers by circuit judge.

Section 447.030 - Appraiser's list, where filed — publication.

Section 447.040 - Procedure if no owner appears, when.

Section 447.050 - Restoration of property, when — owner may sue, when.

Section 447.060 - Failure to discover — penalty.

Section 447.070 - Goods retained until payment of charges.

Section 447.080 - Sale of unclaimed property.

Section 447.090 - Unclaimed proceeds.

Section 447.100 - Carrier's responsibility ceases, when.

Section 447.110 - Sale of property upon which advances are made, when.

Section 447.200 - Inactive consumer deposit accounts, notice, fees — remittance to abandoned fund account, when.

Section 447.500 - Law, how cited — exceptions — purpose.

Section 447.503 - Definitions.

Section 447.505 - Property held or owing by banking, financial organization or business presumed abandoned, when — exception.

Section 447.506 - Imposition of charges including prepayment penalties on certificates of deposit, requirements — not to affect unclaimed property.

Section 447.510 - Unclaimed funds held and owing by insurance company presumed abandoned, when — unclaimed funds defined — distribution of abandoned property, when.

Section 447.517 - Utilities, funds held or owing presumed abandoned, when.

Section 447.520 - Stock, certificates and ownership — dividend profit — distribution or interest payment, held or owing by business association presumed abandoned, when.

Section 447.527 - Dissolution of business — unclaimed intangible personal property presumed abandoned, when.

Section 447.530 - Fiduciary holding intangible personal property for benefit of another presumed abandoned, when, exception.

Section 447.532 - Courts — public corporations — public authority — officers — political subdivisions holding intangible personal property for another presumed abandoned, when.

Section 447.533 - Interest, dividends or their earnings deemed unclaimed property, when.

Section 447.534 - United States savings bonds deemed abandoned, when — proceeds to escheat to the state, when — filing of a claim, procedure.

Section 447.535 - All other intangible property presumed abandoned, when — ongoing business relationships, certain items not presumed abandoned, when.

Section 447.536 - Abandonment period, effective when — exception for payroll checks.

Section 447.537 - Owner of property in another state and holder subject to that state's jurisdiction, effect.

Section 447.539 - Report to treasurer on property presumed abandoned — content — filed, when — extension of filing time — location of owner, duties — penalty — assessment, reconsideration, interest — waiver — determination of amounts, estimation.

Section 447.540 - Charitable, fraternal and other federally tax-exempt entities to report and remit unclaimed property.

Section 447.541 - Notices required — publication form, content — mailed notice, requirements, content, exception — treasurer's duty.

Section 447.543 - Delivery of property to treasurer, when — retention of approved costs — errors of presumption, procedure — abandoned fund account established — payment of claims — records subject to public inspection, exception.

Section 447.545 - No liability for claims by holder after delivery to state — legal actions, procedure.

Section 447.547 - Law of abandoned property not applicable, when.

Section 447.548 - Reportable periods, no enforcement after three years, when — fraudulent report, enforcement for six years.

Section 447.549 - Statute of limitations not a defense for governmental agencies in proceedings by treasurer to recover unclaimed property.

Section 447.558 - Sale of property, when — publication of notice — purchaser's title — proceeds, deposit.

Section 447.559 - Historical review of items by state historical society, when — fee, how determined.

Section 447.560 - Record of property, content — retained for public inspection — information not public record, when — public record, when — penalty for disclosure — military medals, procedure — United States savings bonds, procedure.

Section 447.561 - Destruction or disposal of property by treasurer if of no value — no liability for state or holder.

Section 447.562 - Claim to be filed for property delivered to the state, form, procedure, penalty — claims paid by holder, reimbursed by treasurer, when, exception.

Section 447.565 - Hearing on claims by treasurer — payment of claim, amount, no charges authorized — interest — treasurer discharged from liability — claimant accountable to person with superior right.

Section 447.569 - Appeal of treasurer's decision or failure to act, when — report filed, deemed contested case.

Section 447.571 - Custody of property, powers of treasurer to receive or decline — failure to act, effect — postponing delivery, when, limitation.

Section 447.572 - Examination of records by treasurer and persons authorized, when.

Section 447.575 - Enforcing delivery, court action.

Section 447.577 - Reports — payment or delivery of property, failure to make — false statements in report — penalties.

Section 447.579 - Rules authorized.

Section 447.581 - Agreements to locate or reveal whereabouts of property, requirements for validity — agreements to pay or assist in recovery of property, requirements for enforceability — registration of recovery representative, requirements — suspe...

Section 447.583 - Reciprocal agreements with other states — attorney general's duties, when.

Section 447.584 - Agreements — property held by business entities in other states or governmental entities — treasurer, duties — fees.

Section 447.585 - Another state may recover property from state of Missouri, when.

Section 447.587 - Safe deposit box contents that become unclaimed property — right to fees, charges and authority to enforce possessory liens.

Section 447.595 - Bond required for arrest warrantor, probation or civil cash bond, proceeds deemed unclaimed property, when.

Section 447.620 - Definitions.

Section 447.622 - Petition, requirements.

Section 447.624 - Proceeding, where commenced, procedure.

Section 447.625 - Procedures in home rule cities.

Section 447.626 - Expeditious treatment.

Section 447.628 - Notice of pendency of suit, effect.

Section 447.630 - Hearing, plan of rehabilitation.

Section 447.632 - Grant of petition, requirements.

Section 447.634 - Grant of temporary possession.

Section 447.636 - Quarterly report.

Section 447.638 - Restoration of possession, compensation.

Section 447.640 - Quitclaim judicial deed may be granted, conditions, effect.

Section 447.700 - Definitions.

Section 447.701 - Eligible projects, director's duties — owner to repay, when.

Section 447.702 - Department loans to eligible projects, guidelines, conditions.

Section 447.704 - Loan guarantees, guidelines, conditions — private lender immune from liability, when.

Section 447.706 - Grants, guidelines, conditions.

Section 447.708 - Tax credits, criteria, conditions — definitions — eligibility of certain demolition costs.

Section 447.710 - Property reuse revolving fund — lapse into general revenue prohibited — investment of fund.

Section 447.712 - Tort immunity.

Section 447.714 - Hazardous substances on property, duties of purchaser — department of natural resources, duties.

Section 447.716 - Failure of purchaser to perform, sanctions.

Section 447.718 - Rulemaking authority, procedure.