Read 1st time April 20, 2000, and 1000 copies ordered printed.
ANNE C. WALKER, Chief Clerk
JOINT RESOLUTION
Submitting to the qualified voters of Missouri, an amendment repealing section 7 of article IX of the Constitution of Missouri, relating to distribution of fines and forfeitures and adopting one new section in lieu thereof relating to the same subject.
That at the next general election to be held in the state of Missouri, on Tuesday next following the first Monday in November, 2000, or at a special election to be called by the governor for that purpose, there is hereby submitted to the qualified voters of this state, for adoption or rejection, the following amendment to article IX of the Constitution of the state of Missouri:
Section A. Section 7, article IX, Constitution of Missouri, is repealed and one new section adopted in lieu thereof, to be known as section 7, to read as follows:
Section 7. All real estate, loans, and investments now belonging to the various county and township school funds, except
those invested as hereinafter provided, shall be liquidated without extension of time, and the proceeds thereof and the
money on hand now belonging to said school funds of the several counties and the city of St. Louis, shall be reinvested in
registered bonds of the United States, or in bonds of the state or in approved bonds of any city or school district thereof, or
in bonds or other securities the payment of which are fully guaranteed by the United States, and sacredly preserved as a
county school fund. Any county or the city of St. Louis by a majority vote of the qualified electors voting thereon may
elect to distribute annually to its schools the proceeds of the liquidated school fund, at the time and in the manner
prescribed by law. All interest accruing from investment of the county school fund, the clear proceeds of all penalties,
forfeitures and fines collected hereafter for any breach of the penal laws of the state, the net proceeds from the sale of
estrays, and all other moneys coming into said funds shall be distributed annually to the schools of the several counties
according to law. Ten percent of all bail received by the court shall be distributed to local law enforcement agencies
as provided by law, except that no such funds shall be so distributed unless the person requiring bail is
convicted.
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Missouri House of Representatives