Effective - 28 Aug 1985
108.900. Commissioners authorized to borrow and to issue bonds for state building and property improvements. — 1. For the purpose of providing funds for improvements of state buildings and property, including state parks, including but not limited to repairing, remodeling, or rebuilding buildings and properties of the state, providing additions thereto or additional buildings where necessary and for planning, furnishing, equipping and landscaping such improvements and for expenditures for state parks as specified in section 253.040, and for grants administered pursuant to sections 644.031, 192.600 to 192.620, 68.010 to 68.070, and 278.080, and for construction and improvement of rail and highway access within this state, as authorized by and to implement Section 37(d) of Article III of the Constitution of the State of Missouri, the board of fund commissioners of the state of Missouri is hereby empowered to borrow, on the credit of the state, the sum of seventy-five million dollars in the manner provided in sections 108.900 to 108.914. The bonds shall be issued by the state board of fund commissioners as necessary to carry on the program of financing, planning, and constructing the improvements specified in this section as determined by the general assembly.
2. For the purpose of providing additional funds for the purposes described in subsection 1 of this section, as authorized by Section 37(d) of Article III of the Constitution of the State of Missouri, the board of fund commissioners is hereby empowered to borrow, on the credit of the state, fifty million dollars in the manner provided in sections 108.900 to 108.914. This amount shall be in addition to the seventy-five million dollars authorized by subsection 1 of this section.
3. For the purpose of providing additional funds for the purposes described in subsection 1 of this section, as authorized by Section 37(d) of Article III of the Constitution of the State of Missouri, the board of fund commissioners is hereby empowered to borrow, on the credit of the state, seventy-five million dollars in the manner provided in sections 108.900 to 108.914. This amount shall be in addition to the amounts authorized by subsections 1 and 2 of this section.
4. For the purpose of providing additional funds for the purposes described in subsection 1 of this section, as authorized by Section 37(d) of Article III of the Constitution of the State of Missouri, the board of fund commissioners is hereby empowered to borrow, on the credit of the state, four hundred million dollars in the manner provided in sections 108.900 to 108.914. This amount shall be in addition to the amounts authorized by subsections 1, 2 and 3 of this section. Funds allocated for economic development purposes from the moneys derived under this subsection need not be subject to any matching contribution requirements imposed by section 68.035.
--------
(L. 1982 2nd Ex. Sess. S.B. 1 § 1, A.L. 1983 1st Ex. Sess. H.B. 1, A.L. 1984 H.B. 1017, A.L. 1985 S.B. 187)
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.