SB 79 Creates the "State Fair Escrow Fund"
Sponsor: Scott
LR Number: 0239S.01P Fiscal Note: 0239-01
Committee: Agriculture, Conservation, Parks & Natural Resources
Last Action: 4/5/2007 - Hearing Conducted H Agriculture Policy Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary

SB 79 - This act creates the State Fair Escrow Fund to be maintained by the State Fair Commission. Ticket proceeds from state fair grandstand shows, arena events, and carnival rides shall be deposited into the fund. The fund may accept monies from gifts, contributions, and other sources. Moneys in the fund are to be expended on entertainers, carnival contractors, workers, and other event promoters.

The fund shall be retained outside the control of the State Treasurer and shall not be subject to transfer to general revenue. The unexpended balance in the fund shall not exceed the preceding year's expenditures.

This act is identical to HB 428 (2007) and the perfected SB 643 (2006).