SB 643
Establishes the "State Fair Escrow Fund"
LR Number:
Last Action:
5/12/2006 - H Calendar S Bills for Third Reading
Journal Page:
Calendar Position:
Effective Date:
August 28, 2006
House Handler:

Current Bill Summary

SB 643 - The act creates the State Fair Escrow Fund to be maintained by the State Fair Commission. Monies from fair ticket sales shall be deposited into the fund and any gifts, grants, contributions, or monies from sponsorships may be deposited in the fund as well. The money is to be used for paying all entertainment and contract costs associated with the fair.

The fund shall be retained outside the control of the state treasury and shall not be transferred to the general revenue. The unexpended balance in the fund at the end of each calendar year shall not exceed the preceding year's expenditures for entertainment and contract costs.