Section 42.015

Title V MILITARY AFFAIRS AND POLICE

Chapter 42

Effective - 28 Aug 2004, 3 histories, see footnote   (history) 

  42.015.  Veterans' Historical Education Trust Fund established — deposit and investment of funds — use of funds. — 1. In order to contribute to the preservation of freedom, there is established in the state treasury a special trust fund, to be known as the "Veterans' Historical Education Trust Fund". The fund shall be administered by the commission for the sole purpose of financing veterans' outreach and education programs established in section 42.014.

  2. The director of revenue shall deposit in the treasury to the credit of the veterans' historical education trust fund all amounts received by or designated to the fund established pursuant to this section and any other amounts which may be received from grants, gifts, bequests, appropriations, the federal government, or other sources granted or given for this specific purpose. The state treasurer shall invest moneys in the veterans' historical education trust fund in the same manner as surplus state funds are invested pursuant to section 30.260, RSMo. All earnings resulting from the investment of moneys in the veterans' historical education trust fund shall be credited to the veterans' historical education trust fund.

  3. As established by this section, funds appropriated by the general assembly from the veterans' historical education trust fund shall only be used by the commission for purposes authorized pursuant to section 42.014 and shall not be used to supplant any existing program or service.

  4. The provisions of section 33.080, RSMo, requiring all unexpended balances remaining in various state funds to be transferred and placed to the credit of the general revenue fund of this state at the end of each biennium shall not apply to the veterans' historical education trust fund.

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(L. 2004 S.B. 1365)