SECOND REGULAR SESSION
SENATE BILL NO. 634
91ST GENERAL ASSEMBLY
INTRODUCED BY SENATOR WIGGINS.
Pre-filed December 1, 2001, and 1,000 copies ordered printed.
TERRY L. SPIELER, Secretary.
2675S.01I
AN ACT
To amend chapter 67, RSMo, by adding thereto one new section relating to sports and cultural facilities development.
Section A. Chapter 67, RSMo, is amended by adding thereto one new section, to be known as section 67.642, to read as follows:
67.642. 1. The general assembly may annually appropriate up to seven million dollars from the state general revenue fund to each convention and sports complex fund created pursuant to section 67.639, for each individual sports stadium that is under the jurisdiction of a county sports complex authority created pursuant to sections 64.920 through 64.950, RSMo. Such moneys shall be in addition to any amount appropriated pursuant to section 67.641 to any convention and sports complex fund created pursuant to section 67.639. In no event shall any moneys be appropriated or transferred pursuant to this section prior to the 2006 fiscal year of the state.
2. No moneys shall be appropriated or transferred pursuant to this section until after the date upon which the Kansas and Missouri metropolitan culture district retail sales tax, in effect as of January 1, 2002, pursuant to sections 70.500 to 70.510, RSMo, is renewed or extended.
3. No moneys shall be appropriated or transferred for the benefit of a sports stadium pursuant to this section until after the date upon which the lease agreement for the use of such sports stadium, in effect as of January 1, 2002, is renewed or extended.
4. Notwithstanding the provisions of section 33.080, RSMo, any amount remaining in a convention and sports complex fund created pursuant to section 67.639 shall not be placed to the credit of the general revenue fund at the end of each biennium. All interest and moneys earned on the fund shall be credited to the fund.