Missouri Revised Statutes
Chapter 164 - Tax Levies and Bonded Indebtedness
Section 164.011 - Annual estimate of required funds, tax rates required, criteria for exceptions — estimates, where sent — department duties.

Effective - 28 Aug 2018, 2 histories
164.011. Annual estimate of required funds, tax rates required, criteria for exceptions — estimates, where sent — department duties. — 1. The school board of each district annually shall prepare an estimate of the amount of money to be raised by taxation for the ensuing school year, the rate required to produce the amount, and the rate necessary to sustain the school or schools of the district for the ensuing school year, to meet principal and interest payments on the bonded debt of the district and to provide the funds to meet other legitimate district purposes. In preparing the estimate, the board shall have sole authority in determining what part of the total authorized rate shall be used to provide revenue for each of the funds as authorized by section 165.011. Prior to setting tax rates for the teachers' and incidental funds, the school board of each school district annually shall set the tax rate for the capital projects fund as necessary to meet the expenditures of the capital projects fund after all transfers allowed pursuant to subsection 4 of section 165.011. Furthermore the tax rate set in the capital projects fund shall not require the reduction of the equalized combined tax rates for the teachers' and incidental funds to be less than the greater of the minimum operating levy for the current year for school purposes established under subsection 2 of section 163.021.
2. The school board of each district shall forward the estimate to the county clerk on or before September first. In school districts divided by county lines, the estimate shall be forwarded to the proper officer of each county in which any part of the district lies.
3. When revising its tax rate each year, the aggregate increase in the valuation of property assessed by the state tax commission for the current year over that of the previous year shall be considered new construction and improvement.
4. The department of elementary and secondary education and any other government agency involved in the tax rate process shall update the necessary forms, reports, and documents in order to implement the provisions of this section.
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(L. 1963 p. 200 § 5-1, A.L. 1971 H.B. 469, A.L. 1987 H.B. 909, A.L. 1994 S.B. 676, A.L. 1995 S.B. 255, A.L. 1996 S.B. 795, et al., A.L. 1998 S.B. 658, A.L. 2005 S.B. 287, A.L. 2018 S.B. 743)
(Source: RSMo 1959 §§ 165.077, 165.477, 165.480)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XI - Education and Libraries

Chapter 164 - Tax Levies and Bonded Indebtedness

Section 164.011 - Annual estimate of required funds, tax rates required, criteria for exceptions — estimates, where sent — department duties.

Section 164.013 - Schools, certain districts, operating levy adjustment required when, effect — not to affect senior citizen tax relief benefit.

Section 164.021 - Excess levy, procedure.

Section 164.031 - Form of ballot.

Section 164.041 - County clerk to assess the rate returned and extend taxes on tax books.

Section 164.051 - Outstanding obligations of lapsed or dissolved districts, procedure to pay — tax levy, proceeds how allocated.

Section 164.071 - Levy and collection of taxes in metropolitan districts.

Section 164.081 - Levy of library building tax — vote required — rate and period of levy.

Section 164.091 - Notice of election.

Section 164.101 - Form of ballot.

Section 164.111 - Levy and collection of tax — library building fund.

Section 164.121 - Purposes for which bonds may be issued in districts other than metropolitan and urban.

Section 164.131 - Purposes for which bonds may be issued in urban districts — notice to contain certain information.

Section 164.141 - Purposes for which bonds may be issued in metropolitan districts — notice to contain certain information.

Section 164.151 - Form of ballot in all districts — percentage required for approval.

Section 164.161 - Restrictions on loans.

Section 164.181 - Duties of treasurer of seven-director districts — liability.

Section 164.191 - Issuance by any district of funding and refunding bonds — record.

Section 164.201 - Exchange and sale of refunding bonds — restrictions.

Section 164.221 - Redeemed bonds of school districts to be destroyed — record — witnesses.

Section 164.231 - Issuance of revenue bonds to pay for dormitory, athletic stadiums by seven-director districts — security for bonds.

Section 164.241 - Approval by two-thirds of directors required for issuance of bonds.

Section 164.251 - Bonds not to constitute an indebtedness.

Section 164.261 - Bonds, denomination, interest rate, contents — negotiable — income exempt from state tax — how sold.

Section 164.271 - Board may prescribe form and detail of bonds — may be compelled to perform duties and agreements of district.

Section 164.281 - Operating expense may include cost of athletic equipment and uniforms.

Section 164.291 - Records of bonds, payment and revenues to be kept — disposition of surplus revenues.

Section 164.301 - Refunding of bonds.

Section 164.303 - School district bond fund established, purpose to fund health and educational facilities authority, costs and grants — lapse into general revenue fund, prohibited.