Missouri Laws 163.043 – Classroom trust fund created, distribution of moneys — use of moneys by ..
1. For fiscal year 2007 and each subsequent fiscal year, the “Classroom Trust Fund”, which is hereby created in the state treasury, shall be distributed by the state board of education to each school district in this state qualified to receive state aid pursuant to section 163.021 on an average daily attendance basis.
2. The moneys distributed pursuant to this section shall be spent at the discretion of the local school district. The moneys may be used by the district for:
Terms Used In Missouri Laws 163.043
- Average daily attendance: the quotient or the sum of the quotients obtained by dividing the total number of hours attended in a term by resident pupils between the ages of five and twenty-one by the actual number of hours school was in session in that term. See Missouri Laws 163.011
- 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
- Teacher: any teacher, teacher-secretary, substitute teacher, supervisor, principal, supervising principal, superintendent or assistant superintendent, school nurse, social worker, counselor or librarian who shall, regularly, teach or be employed for no higher than grade twelve more than one-half time in the public schools and who is certified under the laws governing the certification of teachers in Missouri. See Missouri Laws 163.011
(1) Teacher recruitment, retention, salaries, or professional development;
(2) School construction, renovation, or leasing;
(3) Technology enhancements or textbooks or instructional materials;
(4) School safety; or
(5) Supplying additional funding for required programs, both state and federal.
3. The classroom trust fund shall consist of all moneys transferred to it under section 160.534, all moneys otherwise appropriated or donated to it, and, notwithstanding any other provision of law to the contrary, all unclaimed lottery prize money.
4. The provisions of this section shall not apply to any option district as defined in section 163.042.
5. For the 2010-11 school year and for each subsequent year, all proceeds a school district receives from the classroom trust fund in excess of the amount the district received from the classroom trust fund in the 2009-10 school year shall be placed to the credit of the district’s teachers’ and incidental funds.