Bill Text: MO HB1801 | 2012 | Regular Session | Introduced

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Bill Title: Establishes the Missouri International Business Advertising Fund to be used exclusively for advertising the benefits of relocating an international business to Missouri

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-04-24 - Public Hearing Completed (H) [HB1801 Detail]

Download: Missouri-2012-HB1801-Introduced.html

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SECOND REGULAR SESSION

HOUSE BILL NO. 1801

96TH GENERAL ASSEMBLY

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INTRODUCED BY REPRESENTATIVE JOHNSON.

5269L.02I                                                                                                                                                  D. ADAM CRUMBLISS, Chief Clerk

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AN ACT

To amend chapter 620, RSMo, by adding thereto one new section relating to advertising to attract international businesses to Missouri.

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Be it enacted by the General Assembly of the state of Missouri, as follows:

            Section A. Chapter 620, RSMo, is amended by adding thereto one new section, to be known as section 620.1915, to read as follows:

            620.1915. There is hereby created in the state treasury the "Missouri International Business Advertising Fund", which shall consist of appropriated moneys, gifts, contributions, grants, or bequests to be used solely for the purpose of attracting international businesses to Missouri. The fund shall be used exclusively for advertising the benefits of relocating an international business to Missouri and may be used to advertise in international business magazines, international social media sites, or any search engine that receives international traffic. The state treasurer shall be custodian of the fund and shall approve disbursements from the fund in accordance with sections 30.170 and 30.180. Upon appropriation, money in the fund shall be used solely for the administration of this section. Notwithstanding the provisions of section 33.080, to the contrary, any moneys remaining in the fund at the end of the biennium shall not revert to the credit of the general revenue fund. The state treasurer shall invest moneys in the fund in the same manner as other funds are invested. Any interest and moneys earned on such investments shall be credited to the fund.

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