SB 0402 Revises funding for certain scholarships by removing the gaming boat loss limit
LR Number:1520S.03I Fiscal Note:1520-03
Committee:Ways and Means
Last Action:03/27/01 - Hearing Conducted S Ways & Means Committee Journal page:
Effective Date:August 28, 2001
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Current Bill Summary

SB 402 - The $500 loss limit per excursion on riverboat gaming is repealed as of January 1, 2002, and any increase in state riverboat gaming proceeds, compared to Fiscal Year 2001, shall be transferred to the Missouri College Guarantee Fund.

The Higher Education Academic Scholarship Program (also known as "Bright Flight") scholarship amount is increased from $2000 per year to $3000 per year.