Missouri Laws 650.550 – Economic distress zone fund created, use of moneys — rulemaking authority — ..
1. There is hereby created in the state treasury the “Economic Distress Zone Fund”, which shall consist of money appropriated under this section. The state treasurer shall be custodian of the fund. In accordance with sections 30.170 and 30.180, the state treasurer may approve disbursements. The fund shall be a dedicated fund and money in the fund shall be used solely by the department of public safety to provide funding to organizations registered with the United States Internal Revenue Service as a 501(c)(3) corporation that provide services to residents of the state in areas of high incidents of crime and deteriorating infrastructure in for the purpose of deterring criminal behavior in such areas. Any moneys appropriated and any other moneys made available by gift, grant, bequest, contribution, or otherwise to carry out the purpose of this section, and all interest earned on, and income generated from, moneys in the fund shall be paid to, and deposited in, the economic distress zone fund.
2. Notwithstanding the provisions of section 33.080 to the contrary, any moneys appropriated to the fund over three million dollars, excluding any moneys made available by gift, grant, bequest, contribution, or otherwise, that remain in the fund at the end of the biennium shall revert to the credit of the general revenue fund.
Terms Used In Missouri Laws 650.550
- Bequest: Property gifted by will.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: the Missouri department of public safety. See Missouri Laws 650.100
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
3. The department of public safety shall promulgate rules to carry out the provisions of this section. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2021, shall be invalid and void.
4. As used in this section, “areas of high incidents of crime and deteriorating infrastructure” shall mean a city with a homicide rate of at least seven times the national average according to the Federal Bureau of Investigation’s Uniform Crime Reporting System; a poverty rate that exceeds twenty percent according to the United States Census Bureau; and has a school district with at least eighty percent of students who qualify for free or reduced lunch.
5. The provisions of this section shall terminate on August 28, 2024.