☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 369

Effective - 06 Jul 1994, see footnote bottom

  369.324.  Examination costs, how paid — pro rata assessment, director to determine — division of savings and loan supervision fund, created, uses, transfers to general revenue fund, when. — 1.  Each association shall pay for each annual or special examination such amount as the director of the division of finance shall certify to be just and reasonable.  Payment shall be made to the director of revenue.

  2.  The provisions of section 351.065 shall apply to an increase in the authorized shares of a capital stock association.

  3.  To meet the salaries and expenses of the division of finance in administering the provisions of this chapter and other laws pertaining to savings and loan associations, the funds for which are not otherwise provided, the director shall require every association under the director's supervision to pay to the director its pro rata share thereof as estimated by the director for the ensuing year.  The proportion to be assessed to each association shall be the proportion which its assets bears to the aggregate assets of all associations subject to supervision as shown by the latest reports of associations to the director as of March thirty-first of each calendar year, including in such computation all assets acquired in foreclosure or in lieu of foreclosure situated outside this state, but excluding from such computation all other assets consisting of real and tangible personal property situated outside this state.  The director shall notify each association by mail of the amount assessed against it.  The association shall pay the amount assessed under the terms and within the time frame established by the director.

  4.  All fees and charges imposed upon associations pursuant to the provisions of sections 369.010 to 369.369 shall be paid to the director of revenue and shall be paid into the state treasury.  The director of revenue shall keep an accurate account of all such funds and shall at the request of the director report the total amount of such collections to the director.

  5.  The state treasurer shall credit such payments to a special fund to be known as the "Division of Savings and Loan Supervision Fund", which is hereby created and which shall be devoted solely to the payment of expenditures actually incurred by the division and attributed to the regulation of savings and loan associations and other corporations subject to the jurisdiction of the division.  Any amount, other than the amount assessed for support services and fringe benefits, remaining in such fund at the end of any fiscal year up to five percent of the amount assessed to the savings and loan associations pursuant to this section shall not be transferred and placed to the credit of the general revenue fund as provided in section 33.080 but shall be used, upon appropriation by the general assembly for the payment of such expenditures of the division in the succeeding fiscal year and shall be applied by the division to the reduction of the amount to be assessed to savings and loan associations in such succeeding fiscal year; provided the amount assessed for supporting services and the amount of fringe benefits and any amount remaining in the division of savings and loan supervision fund at the end of the fiscal year which exceeds five percent of the amount assessed to the savings and loan associations pursuant to this section shall be returned to general revenue.

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(L. 1971 S.B. 3 § 64, A.L. 1982 S.B. 464, A.L. 1989 S.B. 40, A.L. 1991 H.B. 516, A.L. 1994 H.B. 1165)

Effective 7-06-94


---- end of effective   06 Jul 1994 ----

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