37.090 Deposit of funds received from sale of surplus property — administration ...

37.090. Deposit of funds received from sale of surplus property — administration and use of funds. — The moneys received by the state from the sale of surplus property shall be deposited in the state treasury to the credit of the "Missouri State Surplus Property Clearing Fund", hereby created. The account shall be administered by the commissioner of administration. When appropriated the funds in the surplus property clearing account shall be used for the purpose of paying the costs of conducting surplus property sales. The commissioner of administration shall distribute all funds received in excess of the costs of the sale to the fund which purchased the item sold. (L. 1978 H.B. 1550 § 1) CROSS REFERENCE: Missouri state surplus property clearing fund abolished subject to exemption, 33.571