2011 Missouri Revised Statutes
TITLE XI EDUCATION AND LIBRARIES
Chapter 173 Department of Higher Education
Section 173.545. Higher education applied projects fund established--administration--report--funds allocated by department of economic development, requirements.
Higher education applied projects fund established--administration--report--funds allocated by department of economic development, requirements.
173.545. 1. There is hereby created the "Higher Education Applied Projects Fund" which shall be administered by the department of economic development and which shall contain such moneys as are appropriated to it by the general assembly. Moneys in the applied projects fund shall be kept separate from all other funds of the department and shall be expended for the purposes specified in sections 173.500 and 173.545 to 173.565, and for no other purpose. The department shall establish procedures to ensure accountability for the applied projects fund and shall submit an annual report and such information as the governor may require concerning the activity of the applied projects fund.
2. Fifty percent of the funds annually allocated by the department of economic development to defray the expenses associated with applied projects shall be directed to projects which are intended to produce a positive economic impact, in such areas as value-added manufacturing and agriprocessing, upon rural communities as defined in section 620.160.
(L. 1982 H.B. 1375 4 subsec. 1, A.L. 1986 S.B. 426, A.L. 1989 H.B. 378)
Annotation Copyright Missouri Joint Committee on Legislative Research
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