SB 466
Modifies how money in the Gaming Commission Fund is allocated
Sponsor:
LR Number:
4360S.01I
Last Action:
1/5/2012 - Second Read and Referred S Ways and Means and Fiscal Oversight Committee
Journal Page:
S60
Title:
Calendar Position:
Effective Date:
August 28, 2012

Current Bill Summary

SB 466 - This act modifies how certain money from the Gaming Commission Fund is allocated. For fiscal year 2014 and each fiscal year after that, the proceeds will be allocated differently based on whether the proceeds came from a gambling boat that was licensed before or after January 1, 1999. Proceeds from gambling boats licensed before January 1, 1999, will continue to be allocated as they are under current law. Proceeds from gambling boats licensed on or after January 1, 1999, will be transferred to the Veterans' Commission Capital Improvement Trust Fund. However, if transferring these funds to the Veterans' Commission Capital Improvement Trust Fund would result in a decrease in certain allocations to the Missouri National Guard Trust Fund, or the Access Missouri Financial Assistance Fund, then allocations to those trust funds shall be taken from the funds that would otherwise go to the Veterans' Commission Capital Improvement Trust Fund.

EMILY KALMER

Amendments