Effective - 28 Aug 1991
108.522. Carry-forward election, procedure. — On or after December fifteenth of each year, the director may, in his discretion, approve a carry-forward election with respect to an approved allocation or any extension thereof if the issuer, in writing, requests such action and indicates that the bonds for which the approved application was granted cannot be issued in the calendar year in which such allocation was granted. Such approved carry-forward election shall be made by the issuer by means of a statement, signed by a duly authorized official of such issuer. Such statement shall be filed with the director and with the Internal Revenue Service prior to the end of such calendar year in accordance with section 146(f) of the Code and the regulations promulgated thereunder. An issuer may elect to carry forward such issuing authority only for qualified mortgage bonds, exempt facility bonds, industrial revenue bonds, mortgage credit certificates, qualified student loan bonds, qualified redevelopment bonds, as such terms are defined in sections 142, 143 and 144 of the Code, or for bonds to finance a project described in section 141(d)(1)(A) of the Code. In no event shall such carry-forward be effective for a period longer than permitted by section 146(f) of the Code and the regulations promulgated thereunder. The director shall not approve an allocation for private activity bonds to be issued for the purpose of financing a project described in section 1317(3)(F)(ii) of the federal Tax Reform Act of 1986 unless such bonds are to be issued after December 31, 1989.
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(L. 1987 S.B. 351 § 108.517, A.L. 1989 S.B. 295 & 312, A.L. 1991 S.B. 145)
Structure Missouri Revised Statutes
Title VIII - Public Officers and Employees, Bonds and Records
Chapter 108 - Bond Issues, Miscellaneous Provisions
Section 108.010 - County may become indebted, when — limitation.
Section 108.020 - Additional county indebtedness.
Section 108.030 - Interest and principal of indebtedness — annual tax on tangible property (county).
Section 108.040 - Election to authorize county indebtedness — petition.
Section 108.050 - Notice of election.
Section 108.060 - Form of ballot.
Section 108.070 - Vote required for approval — sale of bonds — tax to be imposed.
Section 108.080 - Bonds — denominations, interest rate — depositary (county).
Section 108.090 - County treasurer to sell bonds.
Section 108.100 - Bond registry, contents (county).
Section 108.120 - Road bonds — construction fund (county).
Section 108.130 - Funding of judgment indebtedness — bond issue therefor (county, municipality).
Section 108.140 - Political subdivisions may refund, extend, unify indebtedness.
Section 108.150 - Refunding bonds — provision for payment of interest and principal.
Section 108.160 - Record of redemption and cancellation.
Section 108.180 - Bond issue — funds kept separate.
Section 108.190 - Violation a misdemeanor — penalty.
Section 108.200 - Surplus funds for purchase of bonds.
Section 108.210 - Sale of bonds and purchase of new bonds.
Section 108.230 - Bond issue funds exempt from attachment and execution.
Section 108.240 - Bonds to be certified by state auditor — validity — defenses.
Section 108.250 - Auditor's fee for registering bonds — transmitted to director of revenue.
Section 108.270 - Auditor to certify annually amount required to pay interest, costs.
Section 108.280 - May levy larger tax — must certify to auditor bonds redeemed.
Section 108.290 - Registered bonds, lawful security.
Section 108.300 - Provisions not applicable to certain counties, cities or school districts.
Section 108.310 - Petition for pro forma decree.
Section 108.320 - Notice of presentation of petition — intervening petition.
Section 108.330 - Hearing — court order.
Section 108.350 - Court to determine appeal without delay.
Section 108.400 - Refunding bonds authorized.
Section 108.405 - Refunding bonds, how issued.
Section 108.450 - Definitions — authority to issue bonds, form — restrictions.
Section 108.465 - County defined to include certain cities.
Section 108.470 - Discrimination in granting of loans is unlawful.
Section 108.500 - Definitions.
Section 108.502 - Allocation to bond issuers, state ceiling used.
Section 108.508 - State ceiling for each calendar year, how calculated.
Section 108.512 - Notification of approval, rejection — expiration of approved allocation.
Section 108.518 - Extension procedure — time authorized — bonds not issued, expire when.
Section 108.520 - Certification of bonds.
Section 108.522 - Carry-forward election, procedure.
Section 108.524 - Expiration, resubmission of application.
Section 108.526 - Report of all private activity bonds issued, when — procedure.
Section 108.528 - Violations, effect.
Section 108.530 - State ceiling, revision of, director to make recommendations, when.
Section 108.532 - Allocation of state ceiling, law applicable, when.
Section 108.902 - Bonds, how registered.
Section 108.903 - Bonds, how sold, deposits — proceeds — expenses of sale, how paid.
Section 108.905 - Appropriations from fund, purposes — distribution.
Section 108.906 - Projects to be authorized by general assembly, exceptions.
Section 108.907 - Third state building fund, deposits, how made — interest to accrue to fund.
Section 108.908 - Third state building bond interest and sinking fund created, how used.
Section 108.910 - Tangible property tax, when levied.
Section 108.912 - Bonds, principal and interest, how paid — repurchase, when.
Section 108.913 - Treasurer to report on bond transactions to general assembly.
Section 108.927 - Bonds, how registered.
Section 108.929 - Proceeds of sales paid into fourth state building fund.
Section 108.1000 - Definitions — issuance of bonds, when — federal tax credits.
Section 108.1010 - Allocation of recovery zone bonds, to whom — application — rulemaking authority.