Citation of law--outstanding schools trust fund--commissioner ofadministration, estimates--state treasurer, duties, transfer of funds.
160.500. 1. Sections 160.500 to 160.538, sections 160.545and 160.550, sections 161.099 and 161.610, RSMo, sections 162.203and 162.1010, RSMo, section 163.023, RSMo, sections 166.275 and166.300, RSMo, section 170.254, RSMo, section 173.750, RSMo, andsections 178.585 and 178.698, RSMo, may be cited as the"Outstanding Schools Act" and includes provisions relating toreduced class size, the A+ schools program, funding for parentsas teachers and early childhood development, teacher training,the upgrading of vocational and technical education, measures topromote accountability and other provisions of those sections.
2. There is hereby established in the state treasury the"Outstanding Schools Trust Fund". The moneys in the fund shallbe available to support only the provisions, reforms and programsreferenced in subsection 1 of this section or otherwise containedin this act**. The fund shall consist of moneys required by law tobe credited to such fund and moneys appropriated annually by thegeneral assembly. Notwithstanding the provisions of section33.080, RSMo, to the contrary, moneys in the fund shall not betransferred to the credit of the general revenue fund at the endof the biennium. All yield, interest, income, increment or gainreceived from time deposit of moneys in the state treasury to thecredit of the fund shall be credited by the state treasurer tothe fund. Of all refunds made of taxes deposited into the fund,the appropriate percentage of any refund shall be paid from thefund or deducted from transfers to the fund.
3. The commissioner of administration shall estimate andfurnish to the state treasurer the appropriate net increase inthe amount of state tax revenues collected and any adjustments toprevious estimates pursuant to this act** from the following: theadditional one and one-fourth percent tax on Missouri taxableincome collected under subsection 2 of section 143.071, RSMo; andthe reduction of the federal income tax deduction pursuant tosubsections 2 and 3 of section 143.171, RSMo, not including anychange in tax collections resulting from any revision of thefederal tax code made after January 1, 1993. The treasurer shalltransfer monthly from general revenue an amount equal to theestimate to the outstanding schools trust fund established insubsection 2 of this section.
(L. 1993 S.B. 380 §§ A, 1)
*Contingent expiration date. See section 143.107.
**"This act" (S.B. 380, 1993) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
(1996) Contingent referendum provision was found to be an unconstitutional delegation of legislative authority thereby making section 143.107 void. Akin v. Director of Revenue, 934 S.W.2d 295 (Mo.banc).
Citation of law--outstanding schools trust fund--commissioner ofadministration, estimates--state treasurer, duties, transfer of funds.
160.500. 1. Sections 160.500 to 160.538, sections 160.545and 160.550, sections 161.099 and 161.610, RSMo, sections 162.203and 162.1010, RSMo, section 163.023, RSMo, sections 166.275 and166.300, RSMo, section 170.254, RSMo, section 173.750, RSMo, andsections 178.585 and 178.698, RSMo, may be cited as the"Outstanding Schools Act" and includes provisions relating toreduced class size, the A+ schools program, funding for parentsas teachers and early childhood development, teacher training,the upgrading of vocational and technical education, measures topromote accountability and other provisions of those sections.
2. There is hereby established in the state treasury the"Outstanding Schools Trust Fund". The moneys in the fund shallbe available to support only the provisions, reforms and programsreferenced in subsection 1 of this section or otherwise containedin this act**. The fund shall consist of moneys required by law tobe credited to such fund and moneys appropriated annually by thegeneral assembly. Notwithstanding the provisions of section33.080, RSMo, to the contrary, moneys in the fund shall not betransferred to the credit of the general revenue fund at the endof the biennium. All yield, interest, income, increment or gainreceived from time deposit of moneys in the state treasury to thecredit of the fund shall be credited by the state treasurer tothe fund. Of all refunds made of taxes deposited into the fund,the appropriate percentage of any refund shall be paid from thefund or deducted from transfers to the fund.
3. The commissioner of administration shall estimate andfurnish to the state treasurer the appropriate net increase inthe amount of state tax revenues collected and any adjustments toprevious estimates pursuant to this act** from the following: theadditional one and one-fourth percent tax on Missouri taxableincome collected under subsection 2 of section 143.071, RSMo; andthe reduction of the federal income tax deduction pursuant tosubsections 2 and 3 of section 143.171, RSMo, not including anychange in tax collections resulting from any revision of thefederal tax code made after January 1, 1993. The treasurer shalltransfer monthly from general revenue an amount equal to theestimate to the outstanding schools trust fund established insubsection 2 of this section.
(L. 1993 S.B. 380 §§ A, 1)
*Contingent expiration date. See section 143.107.
**"This act" (S.B. 380, 1993) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
(1996) Contingent referendum provision was found to be an unconstitutional delegation of legislative authority thereby making section 143.107 void. Akin v. Director of Revenue, 934 S.W.2d 295 (Mo.banc).
Citation of law--outstanding schools trust fund--commissioner ofadministration, estimates--state treasurer, duties, transfer of funds.
160.500. 1. Sections 160.500 to 160.538, sections 160.545and 160.550, sections 161.099 and 161.610, RSMo, sections 162.203and 162.1010, RSMo, section 163.023, RSMo, sections 166.275 and166.300, RSMo, section 170.254, RSMo, section 173.750, RSMo, andsections 178.585 and 178.698, RSMo, may be cited as the"Outstanding Schools Act" and includes provisions relating toreduced class size, the A+ schools program, funding for parentsas teachers and early childhood development, teacher training,the upgrading of vocational and technical education, measures topromote accountability and other provisions of those sections.
2. There is hereby established in the state treasury the"Outstanding Schools Trust Fund". The moneys in the fund shallbe available to support only the provisions, reforms and programsreferenced in subsection 1 of this section or otherwise containedin this act**. The fund shall consist of moneys required by law tobe credited to such fund and moneys appropriated annually by thegeneral assembly. Notwithstanding the provisions of section33.080, RSMo, to the contrary, moneys in the fund shall not betransferred to the credit of the general revenue fund at the endof the biennium. All yield, interest, income, increment or gainreceived from time deposit of moneys in the state treasury to thecredit of the fund shall be credited by the state treasurer tothe fund. Of all refunds made of taxes deposited into the fund,the appropriate percentage of any refund shall be paid from thefund or deducted from transfers to the fund.
3. The commissioner of administration shall estimate andfurnish to the state treasurer the appropriate net increase inthe amount of state tax revenues collected and any adjustments toprevious estimates pursuant to this act** from the following: theadditional one and one-fourth percent tax on Missouri taxableincome collected under subsection 2 of section 143.071, RSMo; andthe reduction of the federal income tax deduction pursuant tosubsections 2 and 3 of section 143.171, RSMo, not including anychange in tax collections resulting from any revision of thefederal tax code made after January 1, 1993. The treasurer shalltransfer monthly from general revenue an amount equal to theestimate to the outstanding schools trust fund established insubsection 2 of this section.
(L. 1993 S.B. 380 §§ A, 1)
*Contingent expiration date. See section 143.107.
**"This act" (S.B. 380, 1993) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
(1996) Contingent referendum provision was found to be an unconstitutional delegation of legislative authority thereby making section 143.107 void. Akin v. Director of Revenue, 934 S.W.2d 295 (Mo.banc).
