Mo. Rev. Stat. ch. 166 – Permanent Funds and Trusts | Midpage

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Revised Statutes of Missouri

Chapter 166

Mo. Rev. Stat. ch. 166

Permanent Funds and Trusts

166.011Public school fund — source — disposition 166.021Investment of capital of public school fund — securities deposited with state treasurer 166.031State treasurer to be custodian of fund — accounts — annual report 166.041State board of education to keep account with treasurer — suits to recover money due 166.051School moneys fund — interest from investments credited to 166.061Gifts to public school fund 166.071Receipts for gifts to public school fund 166.081Instrument of conveyance, when recorded 166.091Disposition of property granted 166.101Gift for public education which cannot be executed placed in public school fund on order of circuit court 166.111Liability of director of revenue 166.121State, the trustee 166.131County commission to administer county school fund — investments — distribution of income to schools 166.141County treasurer to collect funds — receipts — penalty for violation 166.151Petition to distribute county school fund 166.161Election on proposal to distribute fund — annual apportionment of balance of fund — effect on state aid 166.275Appropriations to satisfy certain judgments transferred to school moneys fund — amount, distribution 166.300Definitions — school building revolving fund created — lease purchases for projects, plan — eligibility for a lease purchase — ranking of projects — plan waived, when — repayment, interest — failure to make annual payments, state to take possession of buildings, procedure 166.400Citation of law 166.410Definitions 166.415Missouri education program, created, board, members, proxies, powers and duties, investments 166.420Participation agreements, terms and conditions — contribution limitation — penalty 166.421Income tax refund, contribution to education savings account — election, how made 166.425Board to invest funds, use of funds — not deemed income, when 166.430Cancellation of agreement, results — penalty 166.435State tax exemption 166.440Assets not state property 166.445Rules, invalid, when 166.450Review of program 166.455Funds not state revenues 166.456Confidentiality of information 166.500Citation of law 166.501Program established as alternative to Missouri education program 166.502Definitions 166.505Program created, Missouri education program board to administer, powers and duties — investment of funds 166.508Deposit program participation agreements, terms and conditions — contribution limits — minimum holding time for contributions 166.511Prompt investment of moneys paid by participation agreements, use of moneys 166.514Cancellation of agreements, penalty 166.517Assets used for program purposes only 166.520Rulemaking authority 166.523Review of program by state auditor, when 166.526Program moneys not part of total state revenues 166.529Confidentiality requirements 166.700Definitions 166.705Missouri empowerment scholarship account, written agreement, contents — renewal — withdrawal from program, effect of — moneys tax exempt to parents 166.710Annual audits of accounts — disqualification from program, when — referral for misuse of money — rulemaking authority 166.715Misuse of moneys, penalty — financial institutions immunity from liability, when 166.720Government control or supervision over qualified schools prohibited, when — qualified schools not agents of state — transfer of student, effect of