Missouri Laws 261.035 – Agriculture business development fund created — purpose — not to lapse
1. There is hereby created in the state treasury for the use of the agriculture business development division of the state department of agriculture a fund to be known as “The Agriculture Business Development Fund”. All moneys received by the state department of agriculture for marketing development from any source within the state shall be deposited in the fund.
2. Moneys deposited in the fund shall, upon appropriation by the general assembly to the state department of agriculture, be expended by the state department of agriculture and for no other purposes.
Terms Used In Missouri Laws 261.035
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- 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
3. The unexpended balance in the agriculture business development fund at the end of the biennium shall not be transferred to the ordinary revenue fund of the state treasury and accordingly shall be exempt from the provisions of section 33.080 relating to transfer of funds to the ordinary revenue funds of the state by the state treasurer.