| SB 0363 | Modifies the distribution of moneys from the Gaming Commission Fund |
| Sponsor: | Jacob | |||
| LR Number: | 1307S.01I | Fiscal Note: | 1307-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/04/03 - Voted Do Pass S Ways & Means Committee-Consent | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 363 - Currently, the Missouri College Guarantee Fund receives $3 million dollars from the Gaming Commission Fund and an extra $1.5 million if the remaining net proceeds of the Fund (which is distributed to the Early Childhood Development, Education and Care Fund) exceed $27 million.
This act alters the distribution of the Gaming Commission
Fund by awarding the Missouri College Guarantee Fund $4.5 million
dollars from the Gaming Commission Fund and deleting the
provision which allocates the extra $1.5 million should the
remaining net proceeds of the Gaming Commission Fund exceed $27
million.
DONALD THALHUBER