Merchandising practices revolving fund established
Missouri set up a special money fund called the Merchandising Practices Revolving Fund. This fund holds money that comes from the state, from court cases involving unfair business practices, and from unclaimed payouts to victims. The attorney general uses this money to investigate and prosecute unfair business practices and to run consumer education programs.
407.140. established — ing — purposes. — 1. There is created in the a for the office of the , to be known as the "Merchandising Practices Revolving Fund", which shall consist of money red by the of the state of Missouri from the of this state, and any money paid into the state treasury and required by law to be ed to the merchandising practices revolving fund. The moneys in the merchandising practices revolving fund shall be kept separate and apart from all other moneys in the state treasury and shall be paid out by the upon issued by the as by the upon of the attorney general.
2. Money in the merchandising practices revolving fund shall be available for the payment of all costs and expenses incurred by the attorney general in the investigation, , and of the of this chapter, and to provide funds for education and advocacy programs.
3. In any case in which the court awards as provided in section 407.100, there shall be added, in addition to and costs, an amount equal to ten percent of the total restitution awarded, or such other amount as may be agreed upon by the parties or awarded by the court, which amount shall be paid into the state treasury to the credit of the merchandising practices revolving fund.
4. All moneys recovered as or as costs provided by section 407.130 brought under the of this chapter shall be paid into the state treasury to the credit of the merchandising practices revolving fund.
5. Any restitution awarded under section 407.100 which is not claimed or for which the injured person entitled cannot be found, or which is otherwise remaining after distribution by the attorney general, shall be paid into the state treasury to the credit of the merchandising practices revolving fund.
6. The provisions of section 33.080 requiring the transfer of all to the credit of the ordinary revenue fund of the state shall not apply to funds in the merchandising practices revolving fund.
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Source & history notes
(L. 1985 H.B. 96, et al., A.L. 1986 S.B. 685) Effective 5-01-86
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