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Mo. Rev. Stat. § 348.264

Science and innovation reinvestment fund established — source of funds —..

Known as the Missouri Agricultural and Small Business Development Loan Act

The act spans §§ 348–348 (100 sections).

Effective: 03 Feb 2012, 2 histories, see footnote; (L. 1994 H.B. 1248 & 1048, A.L. 1995 H.B. 414, A.L. 2011 1st Ex

There is hereby established in the state treasury a special fund to be known as the "Missouri Science and Innovation Reinvestment Fund", previously established as the Missouri technology investment fund in this section, which shall consist of all moneys which may be appropriated to it by the general assembly based on the applicable percentage of the amount by which science and innovation employees' gross wages for the year exceeds the base year gross wages pursuant to section 348.265, other funds appropriated to it by the general assembly, and also any gifts, contributions, grants or bequests received from federal, private or other sources. Money in the Missouri science and innovation reinvestment fund shall be used to carry out the provisions of sections 348.250 to 348.275. Moneys for business modernization programs, technology application programs, technology commercialization programs and technology development programs established pursuant to the provisions of sections 348.250 to 348.275 shall be available from appropriations made by the general assembly from the Missouri science and innovation reinvestment fund. Any moneys remaining in the Missouri science and innovation reinvestment fund at the end of any fiscal year shall not lapse to the general revenue fund, as provided in section 33.080, but shall remain in the Missouri science and innovation reinvestment fund.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.