Missouri Revised Statutes













Chapter 348

Authorities and Corporations for Economic and Technological Development--Small Businesses

←348.407

Section 348.408.1

348.409→

August 28, 2015

Agricultural product utilization grant fund established--limitation on grants.

348.408. 1. There is hereby established in the state treasury the

"Agricultural Product Utilization Grant Fund". The fund shall consist of

money appropriated to it by the general assembly and investment income on the

fund. Notwithstanding the provisions of section 33.080, no portion of the

fund shall be transferred to the general revenue fund.



2. The fund shall be administered by the authority.



3. The general assembly may appropriate moneys not to exceed three

million dollars annually. In any given year, at least ten percent of the

appropriation shall be awarded to grant requests of twenty-five thousand

dollars or less. No single rural agricultural business concept shall receive

more than two hundred thousand dollars in grant awards from the authority.



4. Moneys in the fund may be invested by the state treasurer, and any

income therefrom shall be deposited to the credit of the fund.



(L. 1997 H.B. 557, A.L. 1999 H.B. 888)



Effective 7-2-99







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.