Section 276.617

Title XVII AGRICULTURE AND ANIMALS

Chapter 276

Effective - 28 Aug 1987   

  276.617.  Livestock dealer law enforcement and administration fund, created — use, investment of funds — fund not to lapse. — 1.  All penalties assessed for violations of this chapter shall be paid to the state treasurer to be credited to the "Livestock Dealer Law Enforcement and Administration Fund", which is hereby created.  All money credited to the livestock dealer law enforcement and administration fund shall be for the use and benefit of the animal health division of the department of agriculture and specified in the annual appropriations to the department.

  2.  The unexpended balance in the fund at the end of each fiscal year shall not be transferred to the general revenue fund of the state, and the provisions of section 33.080 relating to the transfer of funds to the general revenue fund of the state by the state treasurer shall not apply to this fund.

  3.  The state treasurer shall invest all sums in the livestock dealer law enforcement and administration fund not needed for current operating expenses in interest-bearing banking accounts or United States government obligations in the manner provided by law.  All yield, increment, gain, interest or income derived from the investment of these sums shall accrue to the benefit of, and be deposited within, the state treasury to the credit of the livestock dealer law enforcement and administration fund.

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(L. 1987 H.B. 368)