- Introduced -

SB 416 - This act pertains to the distribution of the Gaming Commission Fund.

Currently, three million dollars are transferred annually from the Gaming Commission Fund to the Veterans' Commission Capital Improvement Trust Fund.

Also, the Missouri College Guarantee Fund annually receives three 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 twenty-seven million.

This act increases from $3 million to $7 million the annual amount transferred from the Gaming Commission Fund to the Veterans' Commission Capital Improvement Trust Fund.

Also, the act alters the distribution of the Gaming Commission Fund by awarding the Missouri College Guarantee Fund $4.5 million annually from the Gaming Commission Fund and deleting the provision which allocates the extra $1.5 million to the Missouri College Guarantee Fund should the remaining net proceeds exceed $27 million.

Further, the act specifies that when the remaining net proceeds in the gaming commission fund annually exceeds $27 million, any amount of the remaining net proceeds which exceeds $27 million shall be divided evenly between the Early Childhood Development, Education and Care Fund and the Veterans' Commission Capital Improvement Trust Fund.

DONALD THALHUBER