HB1598 - INVESTOR EDUCATION FUND - Hosmer, Craig
HB1598 EXEMPTS SECRETARY OF STATE'S INVESTOR EDUCATION FUND FROM SECTION 33.080, RSMO.
Sponsor: Hosmer, Craig (138) Effective Date: 00/00/00
CoSponsor: LR Number: 3585-01
Last Action: 07/09/96 - Delivered to Secretary of State
Approved HB1598
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
ACTIONS HEARINGS CALENDAR
BILL SUMMARIES BILL TEXT FISCAL NOTES
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Available Bill Summaries for HB1598
| Truly Agreed | Perfected | Committee | Introduced |

Available Bill Text for HB1598
| Truly Agreed | Perfected | Committee | Introduced |

Available Fiscal Notes for HB1598

BILL SUMMARIES

TRULY AGREED

HB 1598 -- INVESTOR EDUCATION FUND

This bill repeals the requirement that all funds remaining in
the Secretary of State's investor education fund at the end of
any biennium be transferred to the general revenue fund.


PERFECTED

HB 1598 -- INVESTOR EDUCATION FUND (Hosmer)

This bill says that all funds remaining in the Secretary of
State's investor education fund at the end of any biennium shall
not be transferred to the general revenue fund.

FISCAL NOTE:  Estimated Net Effect on Institutional Gift Trust
Fund of Unknown in FY 97, FY 98 & FY 99.  Estimated Net Effect
on Investor Education Fund of Unknown in FY 97, $0 in FY 98 & FY
99.  Estimated Net Effect on General Revenue Fund of Unknown in
FY 97, FY 98 & FY 99.


COMMITTEE

HB 1598 -- INVESTOR EDUCATION FUND

SPONSOR:  Hosmer

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Consumer Protection by a vote of 9 to 0.

This bill says that all funds remaining in the Secretary of
State's investor education fund at the end of any biennium shall
not be transferred to the general revenue fund.

FISCAL NOTE:  Estimated Net Effect on Institutional Gift Trust
Fund of Unknown in FY 97, FY 98 & FY 99.  Estimated Net Effect
on Investor Education Fund of Unknown in FY 97, $0 in FY 98 & FY
99.  Estimated Net Effect on General Revenue Fund of Unknown in
FY 97, FY 98 & FY 99.

PROPONENTS:  Supporters say that this bill will put the
administration of the Investor's Education Fund in compliance
with a State Auditor's recommendation.

Testifying for the bill were Representative Hosmer; and the
Secretary of State's Office.

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Research Analyst


INTRODUCED

HB 1598 -- Secretary of State's Investor Education Fund

Sponsor:  Hosmer

This bill says that all funds remaining in the Secretary of
State's investor education fund at the end of any biennium shall
not be transferred to the general revenue fund.


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Last Updated October 30, 1996 at 11:12 am