Missouri Laws 12.070 – Sums received from United States shall be expended, how
1. All sums of money received from the United States under an act of Congress, approved May 23, 1908, being an act providing for the payment to the states of twenty-five percent of all money received from the national forest reserves in the states for forest timber and other forest products to be expended as the legislature may prescribe for the benefit of the public schools and public roads of the county or counties in which the forest reserve is situated (16 U.S.C.A. § 500) shall be expended as follows: seventy-five percent for the public schools and twenty-five percent for roads in the counties in which national forests are situated. The funds shall be used to aid in maintaining the schools and roads of those school districts that lie or are situated partly or wholly within or adjacent to the national forest in the county. The distribution to each county from the proceeds received on account of a national forest within its boundaries shall be in the proportion that the area of the national forest in the county bears to the total area of the forest in the state, as of June thirtieth of the fiscal year for which the money is received.
2. All sums of moneys received from the United States under 16 U.S.C. § 500 and 16 U.S.C. § 520 providing for the payment to the states of all moneys received from the national forest reserves in the states for mineral products to be expended as the legislature may prescribe for the benefit of the public schools and public roads of the county or counties in which the forest reserve is situated shall be expended as follows: fifty percent for the public schools and fifty percent for roads in the counties in which the national forests are situated. The distribution to each county from the proceeds received on account of a national forest within its boundaries shall be as follows: eighty-five percent of all proceeds shall be split in proportional shares based on the amount of minerals extracted per year in each county where mining occurs and fifteen percent of all proceeds shall be split equally between counties where there is no mining.
Terms Used In Missouri Laws 12.070
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
- United States: includes such district and territories. See Missouri Laws 1.020