Public Hearing Completed (H)
Summary
The bill would establish a Strengthening HBCUs Fund in the state treasury, funded by 1% of excursion gambling boat proceeds and 1% of net lottery proceeds before those monies are sent to other education funds. The money would be divided equally among all historically black colleges and universities in Missouri for capital projects or grant‑eligible activities, supplementing their existing funding. The state treasurer would oversee and invest the fund, and any leftover balance would stay in the fund rather than revert to the general fund.
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