HB 0444 (Truly Agreed) Alters the distribution of the Gaming Commission Fund
Current Bill Summary
- Prepared by Senate Research -

SS#2/SS/SCS/HB 444 - Currently, the Missouri College Guarantee Fund annually receives $3 million dollars from the Gaming Commission Fund and an extra $1.5 million if the remaining net proceeds of the Gaming Commission Fund exceed twenty-seven million. This act alters the distribution of the Gaming Commission Fund by annually awarding the Missouri College Guarantee Fund $4.5 million and an extra one-half million if the remaining net proceeds of the Gaming Commission Fund exceed twenty-eight million.

Currently, $3 million dollars are transferred annually from the Gaming Commission Fund to the Veterans' Commission Capital Improvement Trust Fund. This act allocates an extra $3 million to the Veterans' Commission Capital Improvement Trust Fund should the remaining net proceeds of the Gaming Commission Fund exceed twenty-eight million dollars.

Currently, $3 million dollars are transferred annually from the Gaming Commission Fund to the Missouri national guard trust fund. This act allocates an extra one million dollars to the Missouri National Guard Trust Fund should the remaining net proceeds of the Gaming Commission Fund exceed twenty-eight million dollars.

Further, this act formulates a new means of distributing the fund. Currently, the remaining net proceeds of the Gaming Commission Fund (after funding the administrative costs of the Commission and appropriations to the Compulsive Gamblers Fund and community neighborhood organization programs) are distributed concurrently to the Veterans' Commission Capital Improvement Trust Fund, the Missouri National Guard Trust Fund, and the Missouri College Guarantee Fund. Under the provisions of this act, the Missouri College Guarantee Fund will receive the first portion of the distribution, the Veterans' Commission Capital Improvement Trust Fund will receive the second portion of the distribution, and the Missouri National Guard Trust Fund will receive the third portion of the distribution.

After all of the aforementioned distributions are accomplished, the remaining net proceeds will be transferred to the Early Childhood Development, Education and Care Fund.
DONALD THALHUBER

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