- Introduced -

SB 787 - This act transfers 1-1/2 percent of the premium taxes collected from insurance companies to the Ambulance District Fund. The amount placed in the fund cannot exceed $1,500,000 in each fiscal year. This act establishes the Missouri Ambulance District Trust Fund whereby 40 percent of the Ambulance District Fund is set aside for investment purposes. Moneys in the Ambulance District Fund are to be used to provide ambulance attendant training, equipment and to defray operational costs of each district. This act also creates the Missouri Ambulance District Commission to approve expenditures from the fund.

This act also credits 1-1/2 percent of the premium taxes levied on insurance companies to the Fire Education Fund. Currently, three percent of the amount collected which exceeds the premium taxes deposited in 1997 are credited to the Fund. This portion of the act is similar to SB 739 (2000).

ELIZABETH BAX