reglab/statecodes huggingface dataset:
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 1 - Organization › Section 15 CSR 40-1.010 - Function and Organization of Auditor's Office

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment corrects the address and
				  telephone number by which to contact the State Auditor's
				  Office.
(1) The function of
				the state auditor's office is to perform the duties as defined by Article I V,
				Section 13, Missouri Constitution; and Chapter 29, RSMo. In auditing Missouri
				offices, agencies and political subdivisions, the auditor verifies the
				accountability of program administrators to the people of Missouri.
(2) The auditor shall establish appropriate
				systems of accounting for all public officials, institutions and political
				subdivisions. These systems shall conform with generally accepted financial
				practices.
(3) All audits shall
				conform to the standards for auditing of governmental organizations, programs,
				activities and functions established by the comptroller general of the United
				States.
(4) The office of the state
				auditor is located in the state capitol building and the Truman State Office
				Building, 301 West High Street, Jefferson City, MO 65101. Internal organization
				reflects the objectives and standards set by the auditor. Any information
				requested by the public can be obtained by writing the Missouri State Auditor,
				PO Box 869, Jefferson City, MO 65102, (573) 751-4824 or (573)
				751-4213.
*Original authority: 29.100, RSMo 1945, amended 1993 and
					 536.023, RSMo 1975, amended 1976.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 2 - Rules Applying to State Agencies › Section 15 CSR 40-2.010 - Delivery of W-2 Federal Wage and Tax Statement

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded February 26, 1988)
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 2 - Rules Applying to State Agencies › Section 15 CSR 40-2.031 - Control of Fixed Assets

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment increases the threshold
				  amounts of the cost of equipment and the cost of additions or betterments to
				  equipment required to be accounted for as fixed assets by state
				  agencies.
(1) Definitions.
(A) Department means any department, office,
				board, commission, bureau, institution or any other agency of the state, except
				the legislative and judicial departments.
(B) Fixed assets mean tangible real or
				personal property, with a useful life of at least two (2) years. Fixed assets
				include land, land improvements, buildings, equipment, and additions and
				betterments to property.
(C) The
				cost of a fixed asset item means the purchase price or construction cost, plus
				any ancillary charges necessary to place the asset in its intended location and
				condition for use. Ancillary charges include costs such as freight and
				transportation charges, site preparation expenditures, professional fees, and
				legal claims directly attributable to asset acquisition.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.010 - Bond Registration

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule provides that in order to
				  adequately review bond transcripts for compliance with various statutory
				  requirements, two days are needed.
(1) A complete signed and sealed copy of all
				bonds to be certified by the Missouri state auditor must be submitted with the
				transcript of proceedings authorizing the issuance of the bonds at least five
				(5) working days before the certification date. This will provide the auditor
				sufficient time to review the legal compliance of the bond
				transaction.
(2) When the state
				auditor determines that good cause exists to waive the five (5)-working-day
				requirement, the bonds will be certified immediately after compliance with the
				laws has been found to exist.
*Original authority: 29.100, RSMo 1945, amended 1993, 1995
					 and 108.240, RSMo 1939, amended 1977, 1983,
					 2002.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.020 - Reasonable Notice for Bonds Sold at Public Sale

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule defines the reasonable notice
				  provision of section 108.170.1., RSMo, applicable to the public sale of bonds
				  issued by Missouri's political subdivisions and assures that notice of the
				  public sale of bonds is reasonably calculated to give potential bond purchasers
				  an opportunity to bid at the public sale(s).
(1) In determining whether or not to register
				bonds sold at a public sale pursuant to section 108.170.1., RSMo, compliance
				shall be deemed by the state auditor if the sale meets the following
				conditions:
(A) Notice of the public sale of
				bonds contains the following:
1. The name of
				the issuer;
2. The issue date,
				maturity date, amount to mature on each maturity date, and interest payment
				date;
3. The time, date, and place
				where bids will be received;
4. The
				name, address, and telephone number of a person from whom additional
				information may be obtained; and
5.
				Any additional information desired by the issuer;
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.030 - Annual Financial Reports of Political Subdivisions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment corrects the email address to
				  which apolitical subdivision sends its annual financial report as required by
				  section 105.145, RSMo
				  2022.
(1) An annual financial
				report shall be filed with the State Auditor's Office by every political
				subdivision. The annual financial report shall be set forth on the financial
				report form available from the State Auditor's Office and on its website, or
				may be in a form determined by the political subdivision which shall contain,
				as a minimum, the following:
(A) The balance
				at the beginning of the reporting period of each fund;
(B) A summary of the receipts during the
				reporting period of each fund;
(C)
				A summary of the disbursements during the reporting period of each
				fund;
(D) The balance at the end of
				the reporting period of each fund;
(E) A statement of the bonded indebtedness at
				the beginning and end of the reporting period; and
(F) The property tax rate levied for each
				fund expressed in cents per one hundred dollars ($100) assessed
				valuation.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.050 - Revision of Property Tax Rates by Political Subdivisions Other Than School Districts

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded August 6, 1992)
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.060 - Revision of 1986 Property Tax Rates by School Districts

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded August 6, 1992)
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.070 - Revision of 1986 Property Tax Rates by Political Subdivisions Other Than School Districts

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded August 6, 1992)
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.080 - Revision of 1987 Property Tax Rates by School Districts

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded August 6, 1992)
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.090 - Revision of 1987 Property Tax Rates by Political Subdivisions Other Than School Districts

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded August 6, 1992)
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.110 - Revision of Property Tax Rates by Political Subdivisions Other Than School Districts

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded February 28, 2001)
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.120

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 137.073, RSMo 1955, amended 1979,
					 1984, 1985, 1989, 1990, 1991, 1992, 1994, 1996, 1999,
					 2000.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.130 - Calculation and Revision of Property Tax Rates by School Districts Calculating a Separate Property Tax Rate for Each Sub-Class of Property

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.135 - Calculation and Revision of Property Tax Rates by Political Subdivisions Other Than School Districts

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule clarifies the current pro cedure
				  that applies to all political subdivisions other than school districts and is
				  designed to implement section 137.073, RSMo, as it applies to calculating and
				  revising property tax rates. Under the Missouri Constitution, Article X,
				  Section 22, and section 137.073, RSMo, political subdivisions other than school
				  districts must calculate their annual tax rate ceilings and submit them to the
				  Missouri State Auditor’s Office.
(1) The following forms may be used by
				political subdivisions other than school districts to substantiate the tax rate
				ceilings before submission of the information via the Missouri State Auditor's
				Office website portal, which is accessible by obtaining a username and password
				from the Missouri State Auditor's Office. If a political subdivision is unable
				to submit the information via the website, the political subdivision may submit
				these forms via mail to, Missouri State Auditor's Office, Attention: Tax Rate
				Section, PO Box 869, Jefferson City, MO 65102.
(2) Single Tax Rate-The following forms with
				instructions for single tax rate review have been adopted and approved for use
				by political subdivisions:
(A) Summary Page,
				included herein;
(B) Form A,
				included herein;
(C) Form B,
				included herein;
(D) Form C,
				included herein;
(E) Informational
				Data, included herein;
(F) Form G,
				included herein; and
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.150 - Calculation and Revision of Property Tax Rates by Political Subdivisions Other Than School Districts Calculating a Separate Property Tax Rate for Each Sub-Class of Property

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.160 - Calculation and Revision of Property Tax Rates by Political Subdivisions Other Than School Districts that Calculate a Single Property Tax Rate Applied to All Property

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 3 - Rules Applying to Political Subdivisions › Section 15 CSR 40-3.170 - Addendum Filed with the Auditor's Office

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment sets forth the procedure for
				  a county, city, town, or village to provide the information required by section
				  479.359
				  of Conference Committee Substitute No. 2 for House Committee Substitute for
				  Senate Substitute for Senate Committee Substitute for Senate Bill 572, Second
				  Regular Session, Ninety-eighth General Assembly.
(1) Every county, city, town, or village that
				has chosen to have a municipal court division shall annually file with the
				State Auditor's Office a completed form, which is included herein, and
				available on the State Auditor's website, and contains, at a minimum, the
				following:
(A) The total annual revenue of
				the county, city, town, or village;
(B) The annual general operating revenue of
				the county, city, town, or village based on the definition in section
				479.350;
(C) The total revenue from fines, bond
				forfeitures, and court costs for municipal ordinance violations and minor
				traffic violations occurring within the county, city, town, or village based on
				the definitions in section
				479.350, RSMo,
				including amended charges for any municipal ordinance violations and minor
				traffic violations; and
(D) The
				percent of annual general operating revenue from fines, bond forfeitures, and
				court costs for municipal ordinance violations and minor traffic violations as
				defined by section
				479.350, RSMo,
				including amended charges for any municipal ordinance violations and minor
				traffic violation.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 4 - Audits of Fire Protection Districts in St. Louis and Greene Counties › Section 15 CSR 40-4.010 - Requirements for Districts

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: The state auditor has authority to establish
				  standards and reporting requirements for audits performed on fire protection
				  districts in St. Louis and Greene Counties. This amendment revises the
				  requirements to be met directly by the districts.
(1) The district is responsible for preparing
				and providing financial information to be included in the audit report. The
				district shall maintain adequate accounting records for that purpose.
(2) The district shall engage an independent
				auditor to conduct the audit. The state auditor does not recommend, select, or
				approve the district's auditor or the auditor's fee, except as provided in
				15 CSR
				40-4.010(3). The district is
				responsible for fulfilling all contractual obligations with the auditor,
				including payment of all earned fees.
(3) The district shall
				file a copy of the completed audit report with the state auditor within six (6)
				months after the close of the audit period. If any audit report fails to comply
				with promulgated rules, the state auditor shall notify the district and specify
				the defects. If the specified defects are not corrected within ninety (90) days
				from the date of the state auditor's notice to the district, or if a copy of
				the required audit report has not been received by the state auditor within the
				specified time, the state auditor shall make, or cause to be made, the required
				audit at the expense of the district.
*Original authority: 321.690, RSMo 1977, amended 1981,
					 1986, 1991, 1993, 1998.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 4 - Audits of Fire Protection Districts in St. Louis and Greene Counties › Section 15 CSR 40-4.020 - Standards for Auditing and Financial Reporting

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: The state auditor has authority to establish
				  standards and reporting requirements for audits performed on fire protection
				  districts in St. Louis and Greene Counties. This rule revises the standards for
				  the auditing and financial reporting of the districts.
(1) The independent auditor shall meet all
				requirements of Chapter 326, RSMo, and the code of professional ethics and
				rules of conduct promulgated by the Missouri State Board of
				Accountancy.
(2) The audit shall
				conform to generally accepted auditing standards (GAAS) promulgated by the
				Auditing Standards Board of the American Institute of Certified Public
				Accountants.
(3)  The audit may conform to the standards (hereafter
				referred to as "generally accepted government auditing standards") established
				by the Comptroller General of the United States and applicable to financial
				audits of government entities, programs, activities, and functions.
(4) 
				The contents of the financial statement audit report may be presented in
				conformity with generally accepted accounting principles. If the financial
				statement audit report is not presented in conformity with generally accepted
				accounting principles, then the independent auditor shall make appropriate
				audit report modifications and disclosures.
(5) Nothing in the rules promulgated for
				audits of fire protection districts shall be construed as restricting,
				limiting, or relieving the independent auditor of his or her professional
				judgment or responsibility.
*Original authority: 321.690, RSMo 1977, amended 1981,
					 1986, 1991, 1993, 1998.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 4 - Audits of Fire Protection Districts in St. Louis and Greene Counties › Section 15 CSR 40-4.030

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 321.690, RSMo 1977, amended 1981,
					 1986, 1991, 1993, 1998.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 40 - State Auditor › Chapter 4 - Audits of Fire Protection Districts in St. Louis and Greene Counties › Section 15 CSR 40-4.040

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 321.690, RSMo 1977, amended 1981,
					 1986, 1991, 1993, 1998.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 1 - Organization › Section 15 CSR 50-1.010 - Function and Organization

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates the general
				  organization and functions of the Missouri state treasurer's office to comply
				  with the requirements of section
				  536.023,
				  RSMo.
(1) The primary
				function of the state treasurer's office is to perform the duties as defined in
				Article IV, Section 15, Missouri Constitution, Chapter 30, RSMo, sections
				447.500
				to
				447.595,
				RSMo, and other any other applicable state statutes. In general, these duties
				include to be custodian of all state funds; to invest state moneys not needed
				for current operating expenses; to disburse state moneys not needed for current
				operating expenses; to disburse state moneys as provided by law; to be the
				custodian of unclaimed property; and to administer any other program under the
				authority of the treasurer.
(2) The
				office of state treasurer operates in five (5) major functional areas-receipts
				and accounting; investments; disbursements, tabulating, and records; unclaimed
				property; and program administration.
(A) The
				receipts and accounting function involves posting receipts from the Department
				of Revenue and disbursement from the Office of Administration to the cash
				ledger; maintaining ledger controls on fund balances and appropriations to
				assure no check is issued that exceeds appropriated balances; and maintaining
				control of receipts of state moneys collected by state agencies and their
				agents and deposited in local banks throughout the state.
(B) The investment area invests state moneys
				not needed for current operating expenses in time deposits, bearing interest,
				in Missouri banking institutions selected by the state treasurer and approved
				by the governor and state auditor or in short-term United States government
				securities and repurchase agreements, and it also administers the linked
				deposit program.
(C) The
				disbursements, tabulating, and records area tabulates state checks, verifies
				daily expenditures as certified by the Office of Administration, generates a
				check register, affixes the facsimile signature of the state treasurer to
				checks, tracks the outstanding status of checks, reconciles bank accounts,
				controls and processes outlawed and replacement, checks and maintains cancelled
				checks and other records.
(D) The
				unclaimed property function consists of receiving and recording reports of
				unclaimed property, depositing unclaimed funds to the abandoned fund account,
				and processing owner claims for abandoned funds or property.
(E) The program administration division
				administers all other programs under the authority of the treasurer.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 2 - Linked Deposit Program › Section 15 CSR 50-2.050 - Interest Rate on Linked Deposit Loans

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes the procedure to be
				  used to set the interest rate under the Linked Deposit Program and the maximum
				  interest rate on loans in this program.
(1) For all linked deposit loan applications,
				the lending institution shall certify the interest rate on the loan to be made
				to the applicant based on the lending institution's assessment of the
				applicant's credit risks and profile and other relevant factors as determined
				by the lending institution. Upon acceptance of the linked deposit application
				by the Office of the State Treasurer and acceptance of the linked deposit to be
				placed with the lending institution, the interest rate on the loan shall be no
				greater than seventy percent (70%) of the above rate certified by the lending
				institution. The loan rate must be approved by the Office of the State
				Treasurer, and, upon placement of the linked deposit, the loan rate shall
				remain fixed for the period agreed to by the lending institution and the Office
				of the State Treasurer, not to exceed a period of five (5) years and subject to
				adjustment under the terms and conditions described in section (4).
(2) The treasurer's office will advise
				lending institutions of the applicable category loan rate upon request and at
				the time a deposit offer is made under the program.
(3) The treasurer's office will advise
				lending institutions of the deposit rate and loan rate at the time a deposit
				offer is made under the program.
(4) Upon placement of a linked deposit, the
				interest rate for the loan shall remain fixed for the term; except, if it so
				provides in the loan agreement, the lending institution may increase the
				interest rate on the loan, up to the category rate established by the
				treasurer, if the treasurer determines that the borrower has not complied with
				the law relating to the Linked Deposit Program and, as a result, the treasurer
				has received the full market interest rate on the deposit from the lending
				institution.
*Original authority: 30.260, RSMo 1939, amended 1945, 1957,
					 1973, 1983, 1986, 1988, 1997, 2002, 2005, 2009 and 30.760, RSMo 1986, amended
					 1987, 1988, 1989, 1991, 1992, 1993, 2004, 2005, 2007, 2008,
					 2009.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 3 - Unclaimed Property › Section 15 CSR 50-3.050 - Certain Property Not Deliverable to the State

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: Sections 447.500-447.595, RSMo comprise the
				  Missouri Uniform Disposition of Unclaimed Property Act. This rule defines
				  property which is not deliverable to the state.
(1) When Subject to Act. A review of the
				Uniform Disposition of Unclaimed Property Act (Act) and
				15 CSR
				50-3.030 discloses that property without an apparent
				owner for varying periods (generally seven (7) years), but five (5) years after
				1/1/2000) is subject to delivery to the state. The abandonment period begins
				effective August 13, 1984, with the initial report due on November 1 of the
				year in which the statutory period of abandonment for the property runs, as
				calculated prospectively from that date. Exceptions to this rule include:
(A) Property in Possession of Probate Courts.
				The Act does not apply to final orders, judgments or decrees of distribution,
				or to abandoned property by probate courts nor to funds which are in the
				custody of courts per Chapter 470, RSMo;
(B) Farm Credit Act. The Act does not apply
				to institutions chartered under the Farm Credit Act of 1971 which are commonly
				referred to as Production Credit Associations (PCAs); and
(C) Holder Subject to Another State's
				Jurisdiction. Property subject to sections
				447.505,
				447.510,
				447.520,
				447.527, 447.530 and 447.535, RSMo whose owner's last known address is in
				another state and whose holder is subject to that other state's jurisdiction is
				not deemed deliverable to Missouri if it is reportable or remitted to the other
				state and the other state has a reciprocal provision with Missouri (section
				447.537,
				RSMo).
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 3 - Unclaimed Property › Section 15 CSR 50-3.070 - Reporting and Delivery of Property Presumed Abandoned

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment specifies a holder reporting
				  fifty (50) or more owners must do so electronically, and corrects a grammatical
				  error.
(1) Who Must Report.
				Holders are obliged to report to the division per section
				447.539,
				RSMo. From time-to-time the division shall contract with other state agencies
				to insert information regarding holder obligations to report unclaimed property
				in broad-based business related mailings.
(2) When Reports Are Due. Reports of
				unclaimed property are to be filed before November 1 of each year and shall
				contain all information as of the previous June 30 with the exception of life
				insurance companies which shall file before May 1 of each year concerning all
				information from the previous December 31. Upon written request, the treasurer
				may grant an extension not to exceed thirty (30) days.
(3) Searching for Owners. Holders are to
				exercise reasonable and necessary diligence as is consistent with good business
				practice in attempting to locate owners of abandoned property of fifty dollars
				($50) or more. These location efforts should be timed to occur prior to the
				reporting deadline (May 1, life insurance companies or November 1, all other
				entities). Owner location efforts may include, but are not limited to:
(A) Reviewing the holder records to determine
				whether the owner has other active account(s) within the entity. If the owner
				has an active account other than the property subject to the abandonment
				period, that property shall not be considered abandoned and the holder shall
				update its records accordingly;
(B)
				Mailing a letter, first-class with postage prepaid and with return address
				requested, to the last known address of the owner. If the letter is not
				returned by the post office, the holder shall assume the owner accepted mail
				from the banking or financial organization (see
				15 CSR 50-3.005(1)(B) or
				(F)). All other holders shall assume the
				property is abandoned and shall remit accordingly; and
(C) Contacting the owner by telephone is
				acceptable notification; however, the holder shall document that contact was
				made.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 3 - Unclaimed Property › Section 15 CSR 50-3.075 - Auditing Based on Reason to Believe

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: Sections 447.500-447.595, RSMo comprise the
				  Missouri Uniform Disposition of Unclaimed Property Act. This rule outlines
				  procedures for requesting an examination of a holder's records based on the
				  treasurer's "reason to believe" that the holder has not complied with the
				  provisions of the Unclaimed Property Act.
(1) Pursuant to section
				447.572
				of the Missouri Uniform Disposition of Unclaimed Property Act (the Act), the
				treasurer shall have reason to believe that holder has failed to report
				property in accordance with the Act and may examine the records of the holder,
				anytime one (1) of the following conditions exist:
(A) A holder has not submitted a report to
				the Unclaimed Property Division for two (2) successive calendar years and the
				kind of business is such that typically unclaimed property would be reportable
				on an annual basis;
(B) The
				treasurer receives information that may indicate any of the following:
1. The holder adjusts its asset accounts and
				financial statements by writing off property such as check or credit balances
				that could be deemed unclaimed property under the Act; or
2. The holder does not follow generally
				accepted accounting principles or the Act with regard to unidentified
				remittances or the establishment of unclaimed property liability accounts;
				or
3. The holder does not follow
				generally accepted accounting principles or the Act with regard to the
				disposition of unidentified credits; or
4. The holder does not retain records for
				eight (8) years prior to the reporting property, which could be deemed,
				abandoned under the Act;
(C) The holder's records preclude the
				treasurer from determining the disposition of property which could be deemed
				abandoned under the Act;
(D) The
				treasurer's office is notified in writing, or verbally with written
				confirmation, that a holder appears to not be in compliance with the
				Act;
(E) The total unclaimed
				property remitted by a holder is below the average remittance for other holders
				in the same industry and has assets of similar size to the holder;
(F) A holder does not report all types of
				unclaimed assets they may be holding;
(G) A holder is discovered as a subsidiary or
				affiliate of another holder which has been or is being examined;
(H) A holder is discovered as a principal or
				holding company of another holder which has been or is being
				examined;
(I) An unclaimed property
				audit of the holder is initiated by another jurisdiction; or
(J) Any other reasons which give the
				treasurer "reason to believe" that a holder has not complied with the
				provisions of sections 447.500-447.595, RSMo.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 3 - Unclaimed Property › Section 15 CSR 50-3.080 - Cessation of Holder's Liability

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: Sections 447.500-447.595, RSMo comprise the
				  Missouri Unclaimed Property Act. This rule outlines the holders' liabilities
				  regarding property subject to the Act.
(1) Claims by Owners. A holder who has
				remitted abandoned money or property to the state is relieved of all liability
				for any claim which exists or which may arise. Should a holder be sued, notice
				by registered mail including a copy of the summons and any other pertinent
				information shall be sent to the state treasurer at least ten (10) days before
				the return date for filing an answer to the pleading. A holder who so notifies
				the state treasurer will be reimbursed for any judgment rendered, not to exceed
				the amount of the property reported, or the liquidated value of the property on
				the date of delivery, which is the subject of the claim (section 447.545.1 and
				4, RSMo).
(2) Claims by Other
				States. If legal proceedings are instituted against the prior holder by any
				other state claiming to be entitled to abandoned money or property previously
				remitted to the state, the prior holders shall give written notice to the
				Missouri state treasurer and the Missouri attorney general within ten (10) days
				of receipt of service of any such action. The attorney general may intervene or
				take any action s/he deems appropriate to protect the interests of this state.
				Once the notice is so given, the treasurer will reimburse the holder for any
				judgment which might subsequently be rendered, not to exceed the amount of the
				property reported which is subject to the claim (section 447.545.2 and 3,
				RSMo).
*Original authority: 447.500, RSMo 1984, amended 1986,
					 1993, 1994; 447.503, RSMo 1984, amended 1986, 1993, 1994, 1998; 447.505, RSMo
					 1984, amended 1989, 1994, 1998; 447.545, RSMo 1984, amended 1993, 1994, 1998;
					 and 447.579, RSMo 1984, amended 1993,
					 1994.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 3 - Unclaimed Property › Section 15 CSR 50-3.095 - Charitable Donation of Allowed Claims

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: Sections
				  447.500-447.595, RSMo, comprise
				  the Missouri Uniform Disposition of Unclaimed Property Act. This amendment
				  expands the organizations which the treasurer may allow an approved claimant of
				  unclaimed property to irrevocably donate all or a portion of his or her
				  unclaimed property to include educational assistance organizations as defined
				  under section 135.712, RSMo.
(1) The treasurer may provide that all or
				part of an allowed claim may be irrevocably donated by the claimant to any one
				(1) or more of the following trust funds existing in the state treasury which
				may receive donations of tax refunds and which allow the receipt of grants,
				gifts, and bequests:
(A) The Children's Trust
				Fund;
(B) The Veteran's Trust
				Fund;
(C) The Missouri National
				Guard Trust Fund;
(D) The Worker's
				Memorial Fund;
(E) The Childhood
				Lead Testing Fund;
(F) The Missouri
				Military Family Relief Fund;
(G)
				The After-School Retreat Reading and Assessment Grant Program Fund;
(H) The Organ Donor Program Fund;
				and/or
(I) The Foster Care and
				Adoptive Parents Recruitment and Retention Fund.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 3 - Unclaimed Property › Section 15 CSR 50-3.100 - Sale Of Abandoned Property

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment corrects one (1) misspelled
				  term.
(1) Within two (2)
				years of delivery, section
				447.558,
				RSMo authorizes the division to sell all property delivered to the director at
				a public sale. The division shall hold property a minimum of six (6) months
				from the date of delivery before it may be sold. Except for marketable
				securities, no property shall be sold by the division, unless it has been
				advertised in accordance with section
				447.541,
				RSMo.
(2) No employee of the Office
				of the State Treasurer or immediate members of an employee's family, directly
				or indirectly, shall knowingly become the purchaser of any property sold at a
				sale under the provisions of sections 447.500-447.595, RSMo, nor shall the
				employee bid at any such sale, or be personally interested in the sale, or
				directly benefit from the sale in any manner whatsoever.
*Original authority: 447.541, RSMo 1984, amended 1986,
					 1989, 1993, 1994, 1998; and 447.558, RSMo 1984, amended 1986, 1993, 1994,
					 1998.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 4 - Missouri Education Program › Section 15 CSR 50-4.010 - General Organization

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates the name of the
				  Missouri Education Program.
(1) House Bill No. 959, 2nd Regular Session,
				92nd General Assembly (2004), as amended by Senate Bill No. 882, 2nd Regular
				Session, 99th General Assembly (2018), as amended by House Bill No. 297, 1st
				Regular Session, 101st General Assembly (effective August 28, 2021), codified
				at sections
				166.400 through
				166.456,
				RSMo, creates the Missouri Education Program (the program), to be administered
				by the Missouri Education Program Board (the board). The board consists of the
				state treasurer (who serves as chairman), the commissioner of the state
				Department of Higher Education, the commissioner of education, the commissioner
				of the state Office of Administration, the director of the state Department of
				Economic Development, two (2) persons having demonstrable experience and
				knowledge in the areas of finance or the investment and management of public
				funds, one (1) of whom will be selected by the president pro tem of the state
				Senate and the other selected by the speaker of the state House of
				Representatives, and one (1) person having demonstrable experience and
				knowledge in the area of banking or deposit rate determination and placement of
				certificates of deposit or other deposit investments, to be appointed by the
				governor with the advice and consent of the senate. The board's primary purpose
				is to administer the program and the board possesses all powers necessary to
				carry out and effectuate the purposes, objectives, and provisions of the
				statute.
(2) The program is
				designed to promote access to education by providing individuals with a
				convenient method to fund the increasingly expensive cost of education. By
				allowing participants to make current contributions for designated
				beneficiaries and by investing these contributions with the goal of achieving a
				rate of return that reflects increases in educational costs, the program is
				intended to provide designated beneficiaries with funds needed for the costs of
				their education. Within limits set by state and federal law, contributions to a
				savings account pursuant to the program are deductible from the contributor's
				state income tax, and income earned or received from the program by a
				contributor or beneficiary are not subject to state income tax.
(3) Pursuant to the statute, the board has
				selected and approved a program manager to administer the program. The program
				manager manages the day-to-day operation of the program.
(4) The public may obtain information or make
				submissions or requests to the State Treasurer's Office, P. O. Box 210,
				Jefferson City, MO 65102, (573-751-2411).
*Original authority: 536.023, RSMo 1975, amended 1976,
					 1997.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 4 - Missouri Education Program › Section 15 CSR 50-4.030 - Missouri MOST 529 Matching Grant Program

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates the name of the
				  Missouri Education Program.
(1) Definitions.
(A) Existing Missouri Definitions. The
				following terms, as used in this rule, are defined in section
				166.410, RSMo:
				Beneficiary, Board, Eligible Educational Institution, Participation Agreement,
				and Program. The following terms, as used in this rule, are defined in the
				Missouri Code of State Regulations, 15 CSR 504.020(2): Account Owner, Member of
				the Family, Non-qualified Withdrawal, Qualified Withdrawal, and
				Participant.
(B) Additional
				Definitions. The following definitions shall also apply to the following terms
				as they are used in this rule:
1. "MOST
				Matching Grant" means funds granted to an eligible account owner pursuant to
				the MOST 529 Matching Grant Program;
2. "MOST Matching Grant Account" means an
				account maintained for a beneficiary in which MOST matching grant funds are
				deposited;
3. "MOST Matching Grant
				Application" means the application required to be submitted by an account owner
				to be considered for a MOST matching grant;
4. "Plan Account" means the account in the
				program established by a participant and maintained for a beneficiary;
				and
5. "Plan Description" means the
				MOST-Missouri's 529 Education Plan Program Description.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 5 - Missouri Empowerment Scholarship Accounts Program › Section 15 CSR 50-5.010 - General Organization

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation provides the public with a
				  description of the Missouri Empowerment Scholarship Accounts Program, the
				  methods of operations, procedures, and where the public may obtain information.
				  This rule is adopted to fulfill the statutory requirement of section
				  536.023(3),
				  RSMo.
(1) House Bill No. 349
				and Senate Bill No. 86, 1st Regular Session, 101st General Assembly (2021)
				(effective August 28, 2021), codified at sections
				135.712
				through
				135.719,
				RSMo, and sections
				166.700 through
				166.720,
				RSMo, create the Missouri Empowerment Scholarship Accounts Program (the
				program), to be administered by the treasurer or if delegated by the treasurer,
				by the Missouri Empowerment Scholarship Accounts Board (the board). The board
				consists of the treasurer (who serves as chairman), the commissioner of the
				state Department of Higher Education, the commissioner of the Department of
				Elementary and Secondary Education, the commissioner of the state Office of
				Administration, one (1) person appointed by the president pro tempore of the
				state Senate, one (1) person appointed by the speaker of the House of
				Representatives, and one (1) person to be appointed by the governor with the
				advice and consent of the Senate. The board's primary purpose is to administer
				the program duties the treasurer delegates to the board, and, when delegated by
				the treasurer, the board possesses all powers necessary to carry out and
				accomplish the purposes, objectives, and provisions of the statutes.
(2) The program is created to promote
				educational opportunities and improve the quality of educational services to
				ensure all children receive the high-quality education to which they are
				entitled.
(3) The public may obtain
				information or make submissions or requests to the Office of the State
				Treasurer, PO Box 210, Jefferson City, MO 65102, (573) 751-2411.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 5 - Missouri Empowerment Scholarship Accounts Program › Section 15 CSR 50-5.040 - Audits and Reporting Requirements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes procedures for the
				  audit and reporting requirements of the Missouri Empowerment Scholarship
				  Accounts Program (the program) and specifies responsibilities of the treasurer,
				  his or her staff, educational assistance organizations, parents, beneficiaries,
				  and any third party designated by the treasurer to carry out services under the
				  program, and is intended to ensure the program conforms with state statutes and
				  promulgated rules. The treasurer has authority to establish standards and
				  reporting requirements for audits performed on certified educational assistance
				  organizations. This rule sets forth requirements to be met directly by the
				  certified educational assistance organizations and the standards for the
				  auditing and financial reporting.
(1) Definitions.
(A) Existing Missouri Definitions. The
				following terms, as used in this rule, are defined in section
				135.712,
				RSMo: educational assistance organization, parent, program, scholarship
				account, taxpayer. The following terms, as used in this rule, are defined in
				section
				166.700, RSMo:
				curriculum, district, private school, qualified school, qualified student. The
				following term, as used in this rule, is defined in section
				135.715,
				RSMo: qualifying contribution.
(B)
				Additional Definitions. The following definitions shall also apply to the
				following terms as they are used in this rule:
1. "Division" means the treasurer's office
				division of program administration; and
2. "School year" means the period that
				commences on the first day of July and ends on the thirtieth day of the
				following June.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 5 - Missouri Empowerment Scholarship Accounts Program › Section 15 CSR 50-5.050 - Educational Assistance Organizations

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes procedures and
				  requirements for educational assistance organizations participating in the
				  Missouri Empowerment Scholarship Accounts Program (the program) and is intended
				  to ensure that the program conforms to state statutes and
				  regulations.
(1)
				Certification. Any non-profit organization registered in this state that is
				exempt from federal taxation under the Internal Revenue Code may apply with the
				treasurer to be a certified educational assistance organization.
(A) Annual Application Deadline. The
				application deadline for a certification for a school year, as that term is
				defined in section 160.041.1, RSMo, shall be published annually by the
				treasurer.
Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 60 - Attorney General › Chapter 3 - Charitable Organizations and Solicitations Rules › Section 15 CSR 60-3.020 - Forms

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the forms adopted and
				  approved for filing with the office of the attorney general.
(1) The attorney general shall provide, upon
				request, to charitable organizations and professional fundraisers the forms the
				Attorney General deems necessary to satisfy the requirements of initial
				registration and annual reporting by charitable organizations and professional
				fundraisers. Persons with a legal obligation to file the forms listed in
				15 CSR
				60-3.020(2) shall be responsible for
				filing the most updated verson of the corresponding form.
(2) The Attorney General has designated the
				forms as follows:
(A) Form 1-A Initial
				Registration Statement-Charitable Organization;
(B) Form 1-B Registration Statement-
				Professional Fund-Raiser Organization;
(C) Form 1-C Registration Statement-
				Individual Professional Fund-Raiser;
(D) Form 1-D Employment Statement-
				Solicitor;
(E) Form 2-A Charitable
				Organization Annual Report;
(F)
				Form 2-B Professional Fund-Raiser Organization Renewal Application;
				and
(G) Form 2-C Individual
				Professional Fund-Raiser Renewal Application.