Missouri § 447.710 Property reuse revolving fund — lapse into general revenue prohibited — investment of fund.

Missouri Statutes

§ 447.710 — Property reuse revolving fund — lapse into general revenue prohibited — investment of fund.

Missouri § 447.710

Title XXIXOWNERSHIP AND CONVEYANCE OF PROPERTY

Ch. 447Lost and Unclaimed Property

This text of Missouri § 447.710 (Property reuse revolving fund — lapse into general revenue prohibited — investment of fund.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 447.710 (2026).

Text

1.There is hereby created in the state treasury a fund to be known as the "Property Reuse Revolving Fund". The property reuse fund is intended to provide ten million dollars annually in uncommitted funds for direct loans, loan guarantees and grants. The revolving fund shall consist of all moneys which may be appropriated to it by the general assembly any gifts, contributions, grants or bequests received from federal, private or other sources, and moneys from the repayment of any loans or loan guarantees. Notwithstanding the provisions of section 33.080 , no portion of the revolving fund shall be transferred to the general revenue fund at the end of any biennium.

2.At least annually, the state treasurer shall certify the amount deposited in the fund to the departments of economic de

Free access — add to your briefcase to read the full text and ask questions with AI

1. There is hereby created in the state treasury a fund to be known as the "Property Reuse Revolving Fund". The property reuse fund is intended to provide ten million dollars annually in uncommitted funds for direct loans, loan guarantees and grants. The revolving fund shall consist of all moneys which may be appropriated to it by the general assembly any gifts, contributions, grants or bequests received from federal, private or other sources, and moneys from the repayment of any loans or loan guarantees. Notwithstanding the provisions of section 33.080 , no portion of the revolving fund shall be transferred to the general revenue fund at the end of any biennium.

2. At least annually, the state treasurer shall certify the amount deposited in the fund to the departments of economic development, natural resources and revenue.

3. Any portion of the property reuse revolving 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 credited to the property reuse revolving fund.