Section 30.240

Title IV EXECUTIVE BRANCH

Chapter 30

Effective - 28 Aug 1982   

  30.240.  Moneys and credits, how held and disbursed — interest, how credited. — The state treasurer shall hold all state moneys, all deposits thereof, time as well as demand, and all obligations of the United States government in which such moneys are placed for the benefit of the respective funds to which they belong and disburse the same as authorized by law.  Unless otherwise provided by law, all yield, interest, income, increment, or gain received from the time deposit of state moneys or their investment in obligations of the United States government shall be credited by the state treasurer to the general revenue.

­­--------

(RSMo 1939 § 13082, A.L. 1945 p. 1977 § 34, A.L. 1945 p. 1990 § 34, A.L. 1957 p. 484, A.L. 1982 S.B. 497)

Prior revisions: 1929 § 11465; 1919 § 13375; 1909 § 11876

(1973) This section requires state treasurer to hold investments made from state road fund for the benefit of that fund, and includes interest from such investments in view of Art.  IV, § 30(b), Constitution of Missouri.  State Highway Commission v. Spainhower (Mo.). 504 S.W.2d 121.