Establishes the Innovation Endowment Fund for data storage centers and solar farms in Missouri.
The bill creates the Innovation Endowment Fund in the state treasury, funded by contributions from data storage centers and solar farms. The fund will receive appropriations, gifts, and a percentage of project costs from data storage centers and a fixed amount per megawatt for solar farms. The Missouri Technology Corporation will manage the fund, which will be used to carry out its duties. The state treasurer will oversee the fund's investments and disbursements. The fund's remaining money will not revert to the general revenue fund at the end of the biennium.
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