Missouri § 348.408 - Agricultural product utilization grant fund established — limitation on grants.
Full text of Missouri Revised Statutes of Missouri § 348.408 — Agricultural product utilization grant fund established — limitation on grants., with citation guidance and answers to common questions.
§ 348.408. Agricultural product utilization grant fund established — limitation on grants.
1. There is hereby established in the state treasury the "Agricultural Product Utilization Grant Fund". The fund shall consist of money appropriated to it by the general assembly and investment income on the fund. Notwithstanding the provisions of section 33.080, no portion of the fund shall be transferred to the general revenue fund.
2. The fund shall be administered by the authority.
3. The general assembly may appropriate moneys not to exceed three million dollars annually. In any given year, at least ten percent of the appropriation shall be awarded to grant requests of twenty-five thousand dollars or less. No single rural agricultural business concept shall receive more than two hundred thousand dollars in grant awards from the authority.
4. Moneys in the fund may be invested by the state treasurer, and any income therefrom shall be deposited to the credit of the fund.
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(L. 1997 H.B. 557, A.L. 1999 H.B. 888)
Effective 7-02-99
---- end of effective 02 Jul 1999 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 348.408
What does Revised Statutes of Missouri § 348.408 cover?
Section 348.408 ("Agricultural product utilization grant fund established — limitation on grants.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 348.408?
A common citation format is "Revised Statutes of Missouri § 348.408" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 348.408 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.