Missouri Revised Statutes
Chapter 70 - Powers of Political Subdivisions to Cooperate or Contract with Governmental Units
Section 70.725 - Income-expense fund, created, defined — gifts and bequests — regular interest — contingency reserves.

Effective - 28 Aug 1967
70.725. Income-expense fund, created, defined — gifts and bequests — regular interest — contingency reserves. — 1. The "Income-Expense Fund" is hereby created. It is the fund to which shall be credited all investment income from invested assets of the system, and in which shall be accumulated the contributions made by employers for the administrative expenses of the system, and from which shall be made annual transfers of investment credits to the other funds of the system, and from which shall be paid all the expenses of the board necessary for the administration and operation of the system.
2. When paid to the system, the employer contributions provided for in subsection 5 of section 70.730 shall be credited to the income-expense fund.
3. The board may accept gifts and bequests, and they shall be credited to the income-expense fund, along with all other moneys received by the system, the disposition of which is not specifically provided for in sections 70.600 to 70.760.
4. At the end of each system fiscal year the board shall credit each member's individual account in the members deposit fund with regular interest on the largest balance remaining in such account for the entire fiscal year. At the end of each system fiscal year the board shall credit to each account in the employer accumulation fund regular interest on the mean balance in such fund for the fiscal year, and similarly shall credit regular interest to the benefit reserve fund and to the casualty reserve fund. Such regular interest shall be transferred from the income-expense fund.
5. Whenever the board determines that the balance in the income-expense fund is more than sufficient to cover the current charges to the fund, the board may by resolution provide for contingency reserves, or for the transfer of such excess or portions thereof to cover the needs of the benefit reserve fund or the casualty reserve fund.
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(L. 1967 p. 141 § 26)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title VI - County, Township and Political Subdivision Government

Chapter 70 - Powers of Political Subdivisions to Cooperate or Contract with Governmental Units

Section 70.010 - Certain number of counties may join in performance of common function — duties of county commissions — appointment of district coroners, deputy district coroners, expenses.

Section 70.020 - Petition for election concerning joint proposal.

Section 70.040 - Form of ballot.

Section 70.050 - Certification of election to secretary of state — vote necessary for adoption.

Section 70.060 - Commissioner of most populous county to call meeting of all county commissions — issuance of bonds.

Section 70.070 - Procedure for withdrawal from joint undertaking.

Section 70.080 - Effect of withdrawal or dissolution.

Section 70.090 - Additional counties may join county group — procedure.

Section 70.100 - Municipalities and political subdivisions authorized to buy surplus property of United States government.

Section 70.110 - Compliance with provisions of Surplus Property Act of 1944.

Section 70.115 - Cities and counties may contract with United States government for recreational facilities along rivers.

Section 70.120 - Definitions.

Section 70.130 - County commissions empowered to make agreements with United States.

Section 70.140 - Political subdivisions shall be notified of agreements.

Section 70.150 - County treasurer shall present bill.

Section 70.160 - County treasurer shall disburse money — acceptance construed as approval.

Section 70.170 - Political subdivisions authorized to enter into agreements — when.

Section 70.180 - Amount of payments — how determined.

Section 70.190 - Money received — where deposited.

Section 70.200 - Services to property may not be denied.

Section 70.210 - Definitions.

Section 70.220 - Political subdivisions may cooperate with each other, with other states, the United States or private persons — tax distribution agreement, authorized for certain counties and cities (Buchanan County and city of St. Joseph; Greene Co...

Section 70.225 - Emergency dispatching system, eligible for membership in local government retirement system, when (St. Louis County).

Section 70.226 - Local public health agencies considered political subdivision, when, what purpose.

Section 70.227 - Metropolitan planning organization considered a political subdivision for purposes of local government employees' retirement system.

Section 70.230 - Procedure for exercising power.

Section 70.240 - Lands may be acquired — how — by whom.

Section 70.250 - Method of financing.

Section 70.260 - Provisions which may be included in the joint contract.

Section 70.270 - Sovereignty to be retained.

Section 70.280 - Office of facility taken over may be abolished and duties transferred.

Section 70.290 - Immunities and liabilities of officers.

Section 70.300 - Execution of contracts.

Section 70.310 - Disbursement of funds.

Section 70.320 - Suits may be brought in circuit courts.

Section 70.322 - Road equipment, public entity, cemetery or nonprofit organization may contract to use certain political subdivision's equipment, requirements — costs.

Section 70.325 - Development and improvement of recreational facilities under agreement by city and United States.

Section 70.327 - Kansas-Missouri flood prevention and control compact.

Section 70.330 - Power of city over 100,000 inhabitants to contract for certain purposes.

Section 70.340 - Cities may build sewers or levees, how, where.

Section 70.350 - Power to pay.

Section 70.360 - Power given to distribute cost.

Section 70.370 - Compact between Missouri and Illinois — creation and powers of district. (St. Louis area)

Section 70.373 - Additional powers of bi-state agency.

Section 70.375 - Tax status of property and bonds of bi-state agency.

Section 70.377 - Securities as lawful investments.

Section 70.378 - Power to employ persons to enforce rules — power of personnel, jurisdiction — issuance of citation — procedure upon arrest — training — agency may adopt rules — violation of rules, penalty.

Section 70.379 - Inclusion of minority and women business enterprises, conditions.

Section 70.380 - Commissioners of bi-state agency, appointment, qualifications.

Section 70.385 - Nominees for appointment selected from panel, procedure, panel members designated.

Section 70.390 - Terms of commissioners.

Section 70.400 - Vacancies filled, how.

Section 70.410 - Commissioners to receive expenses only.

Section 70.420 - Powers and duties of commissioners.

Section 70.421 - Commissioners may meet by telephone — public meeting.

Section 70.422 - Buses, power to purchase and use — lights, color and intensity authorized.

Section 70.427 - Certain sections not to limit collective bargaining agreement.

Section 70.429 - United States Department of Transportation safety rules to apply.

Section 70.441 - Definitions — provisions to apply in interpreting this section — prohibited acts — violation of section, penalty — subsequent violations, penalty — juvenile offenders, jurisdiction — stalled vehicles, removal.

Section 70.500 - Compact between Kansas and Missouri — creation and powers of district — effective, when.

Section 70.501 - Metropolitan culture commission to be special district.

Section 70.503 - Sovereign immunity to apply.

Section 70.505 - Expenses reimbursed.

Section 70.507 - Countywide sales tax for district — rate — administration and collection — fund created.

Section 70.510 - Expiration of compact, when.

Section 70.515 - Regional investment district compact with Kansas and Missouri.

Section 70.520 - Regional investment districts deemed special districts.

Section 70.525 - Sovereign immunity applicable to regional investment district and commissioners.

Section 70.530 - Members of the regional investment district commission reimbursed, when.

Section 70.535 - Countywide sales tax authorized for regional investment districts, rate, administration and collection, regional investment fund, use of revenues — appropriation of funds, expiration of tax — funds do not lapse — funds prohibited fro...

Section 70.540 - Regional investment district compact expires, when.

Section 70.545 - Counties and commission may operate under compact if not authorized by Kansas, when.

Section 70.600 - Definitions.

Section 70.605 - Missouri local government employees' retirement system created — jurisdiction, Cole County — board of trustees, composition, terms — annual meeting — vacancies, how created — oath — appointment of actuary, attorney and investment cou...

Section 70.610 - Election to become an employer, when effective — who covered.

Section 70.615 - Other plans prohibited, exceptions.

Section 70.620 - Prior plan, effect of — discrimination between employees prohibited.

Section 70.621 - Political subdivisions may opt to have LAGERS administer prior non-LAGERS retirement plan, when, procedure.

Section 70.625 - Employees acquired from another subdivision or private business, how handled.

Section 70.630 - Membership, composition.

Section 70.631 - Addition of public safety personnel members to the system, how — requirements and limitations.

Section 70.635 - Member's termination of employment, effect of — reemployment in system — retirement, service with more than one employer, effect of.

Section 70.638 - Elected county officials, may purchase prior service, procedure.

Section 70.640 - Prior service, membership service and credited service, how computed — disability time included, when — certification of prior service — purchase of prior military service, limitations — procedure.

Section 70.645 - Retirement, when eligible — eligibility for option.

Section 70.646 - Alternate election, system may provide for, how.

Section 70.650 - Mandatory retirement age, how determined.

Section 70.655 - Retirement benefits — program to be selected by governing body — formula for computing benefits — cost-of-living factor — suspension of certain benefits, when.

Section 70.656 - Final average compensation, period covered — governing body may elect — procedure — effects.

Section 70.660 - Optional retirement, election, when made — benefits, how computed — death of beneficiary, effect (member and beneficiary).

Section 70.661 - Member deceased before retirement, surviving spouse or dependent children entitled to benefits, when — determination of eligibility.

Section 70.665 - Death of retirant prior to receiving benefits equal to his contributions, balance to his nominee or estate.

Section 70.670 - Early retirement, application — requirements — option — benefits, how computed.

Section 70.675 - Deferred allowance, requirements, option — contribution withdrawal, effect on credited service — death of former member prior to retirement, allowance payable to surviving spouse, when.

Section 70.676 - Vested employee no longer covered by system may be bought out by lump sum payment, how computed — limitations.

Section 70.680 - Disability retirement — medical examinations required, when — option.

Section 70.686 - Retirant becoming reemployed in the system, effect of.

Section 70.690 - Member leaving system before eligible for retirement, disposition of his contributions.

Section 70.695 - Rights accrued under sections 70.600 to 70.755 not subject to garnishment, execution or bankruptcy proceedings, exceptions.

Section 70.697 - Member eligible to receive benefits under prosecuting attorneys' retirement system, receipt of benefits — reduction of benefits, when, amount.

Section 70.700 - Assets of system to be in five funds.

Section 70.705 - Members deposit fund, source, contributions of members, repayment of withdrawals — transfers from fund — election to eliminate contributions, when.

Section 70.707 - Elimination of member contributions, refunding of, procedure.

Section 70.710 - Employer accumulation fund, created, uses — employer contributions.

Section 70.715 - Benefit reserve fund, created, uses.

Section 70.720 - Casualty reserve fund, created, source of funds, uses.

Section 70.722 - Allowances and benefits, all payments to be made from benefit reserve fund, when.

Section 70.725 - Income-expense fund, created, defined — gifts and bequests — regular interest — contingency reserves.

Section 70.730 - Employer's contributions, how computed.

Section 70.735 - Political subdivisions delinquent in payments — lien — mandamus — state aid withheld.

Section 70.740 - State not to contribute to system, exception.

Section 70.745 - Board may invest funds.

Section 70.746 - Board may delegate powers of investment, requirements — liability.

Section 70.747 - Board may invest in real estate — limitations.

Section 70.750 - Trustees and officers and employees of board, not to have interest in investments of board, exception.

Section 70.755 - Assets exempt from certain taxes.

Section 70.800 - Cities, towns and villages of 400 or more located in St. Louis County to provide 24-hour police protection — may contract for such service.

Section 70.815 - Political subdivisions and boards of police commissioners of St. Louis and Kansas City may contract to provide police services for other political subdivisions — powers of arrest and immunity — definitions.

Section 70.820 - Authority of peace officers to respond to emergencies outside jurisdiction — definitions — authority of certain peace officers — authority of federal law enforcement officers.

Section 70.835 - Formation of major case squads authorized.

Section 70.837 - Emergencies — public safety agencies may provide aid to other public safety agencies in state and bordering states.

Section 70.840 - Citation of law.

Section 70.843 - State and local government convention sports facility meeting and tourism program established, purpose — participating counties and cities.

Section 70.846 - Qualifying projects — limitations.

Section 70.849 - Security guaranteeing payments of any bonds or indebtedness to fund project required for qualifying project.

Section 70.851 - Contracts, leases or subleases to provide rent or fees subject to annual appropriation, amount — proportionate share paid by state, limitation — state's share to increase, when — rent or fees insufficient to discharge obligations, pr...

Section 70.853 - New net public fiscal benefit, how determined — duties of office of administration — state auditor to conduct annual audit, reports made to whom.

Section 70.856 - Separate trust funds established for participating counties and cities — credit to funds, share of taxes collected, amount — credit to begin when — adjustment to credits, when — disbursement, how made — unappropriated balance in fund...

Section 70.858 - Jurisdiction for disputes, circuit court of Cole County.

Section 70.859 - Definitions — percentage of contracts, construction and concessions to be awarded to socially and economically disadvantaged small business concerns — Missouri products to be given preference — out-of-state contractors, bidding requi...

Section 70.875 - Definitions.

Section 70.877 - Multijurisdictional antifraud enforcement group authorized, purpose — powers exercised, when — powers of arrest, members of MAEG unit.

Section 70.878 - Agreement entered into with county of another state, when.

Section 70.880 - State grants available to defray costs, eligibility.

Section 70.890 - Rogersville and Springfield to abide by agreement for annexation.