Effective 28 Aug 2000

262.260. Admission fees, revenues from sale of privileges and pari-mutuel wagering — disposition — state fair fee fund created — gifts and grants authorized, transfer to general revenue prohibited — purpose of fund — investment. — 1. The commission shall establish admission fees to be charged at the gates of the fairgrounds. The admission fees, revenues from the sale of privileges and revenues as a result of pari-mutuel wagering shall be payable to and collected by the department of agriculture and transmitted to the state director of revenue who shall deposit the same to the credit of the "State Fair Fee Fund" which is hereby created in the state treasury. Such fund may also receive gifts, grants, contributions, appropriations and funds or benefits from any other source or sources. The money in the state fair fee fund may be used in improving and beautifying the grounds, paying premiums and defraying expenses of the state fair, including officers' salaries, the hire of assistants, expense and equipment, capital improvements and maintenance and repair.

2. The unexpended balance in the state fair fee fund at the end of each fiscal year shall not be transferred to the general revenue fund of the state, and the provisions of section 33.080 relating to the transfer of funds to the general revenue fund of the state by the state treasurer shall not apply to the state fair fee fund.

3. Any portion of the fund not immediately needed for the purposes authorized shall be invested by the state treasurer as provided by the constitution and laws of this state. All income from such investments shall be deposited in the state fair fee fund.

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(RSMo 1939 § 14158, A.L. 1947 V. I p. 19, A.L. 1967 p. 370, A.L. 1977 S.B. 431, A.L. 1983 H.B. 729, A.L. 1986 S.B. 572 merged with S.B. 580, A.L. 1992 S.B. 602, A.L. 1994 S.B. 692, A.L. 1997 S.B. 216, A.L. 2000 S.B. 540)

Prior revisions: 1929 § 12478; 1919 § 12047; 1909 § 679