Working capital revolving fund created--source, uses--accounting,audit--transfer to general revenue prohibited.
217.595. 1. Receipts from the vocational enterprisesprogram shall be paid into the state treasury and credited to the"Working Capital Revolving Fund", which is hereby created.
2. All funds derived from the disposal of plants andmachinery in accordance with chapters 217 and 558, RSMo, shall bedeposited to the credit of the working capital revolving fund.
3. The working capital revolving fund shall be used for theestablishment, maintenance, rehabilitation, expansion andoperation of the vocational enterprises programs, andexpenditures from the fund shall be used for, but not limited to:
(1) The purchase of machinery, equipment, raw materials,seed, fertilizer and farm animals;
(2) The repair, improvement and replacement of buildings,machinery and equipment;
(3) Payment for offender labor;
(4) Necessary expenses included in operation andadministration;
(5) Necessary expenses for vocational training.
4. Vocational enterprises shall be accounted for on anaccrual basis as an enterprise fund. Financial reports shall berendered to the director as he may require.
5. None of the earnings of the vocational enterprisesprogram shall be transferred to the general revenue fund of thestate at the end of each fiscal year. All of the earnings shallbe retained by the working capital revolving fund and thevocational enterprises program, to obtain new equipment, materialand real property for expansion and maintenance of theenterprises' programs with a goal that all general populationoffenders shall learn a skill or service and are employed.Should a net loss occur, such loss shall be charged against theworking capital revolving fund.
6. The state auditor shall audit the working capitalrevolving fund at the end of each fiscal year and report hisfindings to the director, the governor and the general assembly.
7. Effective August 28, 1994, the vocational education andtraining fund shall be dissolved and all funds credited to itshall be transferred to the working capital revolving fund.
Working capital revolving fund created--source, uses--accounting,audit--transfer to general revenue prohibited.
217.595. 1. Receipts from the vocational enterprisesprogram shall be paid into the state treasury and credited to the"Working Capital Revolving Fund", which is hereby created.
2. All funds derived from the disposal of plants andmachinery in accordance with chapters 217 and 558, RSMo, shall bedeposited to the credit of the working capital revolving fund.
3. The working capital revolving fund shall be used for theestablishment, maintenance, rehabilitation, expansion andoperation of the vocational enterprises programs, andexpenditures from the fund shall be used for, but not limited to:
(1) The purchase of machinery, equipment, raw materials,seed, fertilizer and farm animals;
(2) The repair, improvement and replacement of buildings,machinery and equipment;
(3) Payment for offender labor;
(4) Necessary expenses included in operation andadministration;
(5) Necessary expenses for vocational training.
4. Vocational enterprises shall be accounted for on anaccrual basis as an enterprise fund. Financial reports shall berendered to the director as he may require.
5. None of the earnings of the vocational enterprisesprogram shall be transferred to the general revenue fund of thestate at the end of each fiscal year. All of the earnings shallbe retained by the working capital revolving fund and thevocational enterprises program, to obtain new equipment, materialand real property for expansion and maintenance of theenterprises' programs with a goal that all general populationoffenders shall learn a skill or service and are employed.Should a net loss occur, such loss shall be charged against theworking capital revolving fund.
6. The state auditor shall audit the working capitalrevolving fund at the end of each fiscal year and report hisfindings to the director, the governor and the general assembly.
7. Effective August 28, 1994, the vocational education andtraining fund shall be dissolved and all funds credited to itshall be transferred to the working capital revolving fund.
Working capital revolving fund created--source, uses--accounting,audit--transfer to general revenue prohibited.
217.595. 1. Receipts from the vocational enterprisesprogram shall be paid into the state treasury and credited to the"Working Capital Revolving Fund", which is hereby created.
2. All funds derived from the disposal of plants andmachinery in accordance with chapters 217 and 558, RSMo, shall bedeposited to the credit of the working capital revolving fund.
3. The working capital revolving fund shall be used for theestablishment, maintenance, rehabilitation, expansion andoperation of the vocational enterprises programs, andexpenditures from the fund shall be used for, but not limited to:
(1) The purchase of machinery, equipment, raw materials,seed, fertilizer and farm animals;
(2) The repair, improvement and replacement of buildings,machinery and equipment;
(3) Payment for offender labor;
(4) Necessary expenses included in operation andadministration;
(5) Necessary expenses for vocational training.
4. Vocational enterprises shall be accounted for on anaccrual basis as an enterprise fund. Financial reports shall berendered to the director as he may require.
5. None of the earnings of the vocational enterprisesprogram shall be transferred to the general revenue fund of thestate at the end of each fiscal year. All of the earnings shallbe retained by the working capital revolving fund and thevocational enterprises program, to obtain new equipment, materialand real property for expansion and maintenance of theenterprises' programs with a goal that all general populationoffenders shall learn a skill or service and are employed.Should a net loss occur, such loss shall be charged against theworking capital revolving fund.
6. The state auditor shall audit the working capitalrevolving fund at the end of each fiscal year and report hisfindings to the director, the governor and the general assembly.
7. Effective August 28, 1994, the vocational education andtraining fund shall be dissolved and all funds credited to itshall be transferred to the working capital revolving fund.
