Effective - 28 Aug 1998
165.211. Depositaries, how selected, when — bids received when — notice to be published. — In all seven-director districts, the school board shall select depositaries of the moneys and funds of the school district. Depositaries may be selected annually or the school district and depositary may enter into a one- to five-year contract or agreement for the deposit of the district's moneys or funds at the discretion of the local board of education. Such contract or agreement may be terminated by the mutual consent of both parties at any time. The school board, in each year in which depositaries are to be selected, shall receive sealed proposals from banking institutions in the county or in adjoining counties which desire to be selected as depositaries of the moneys and funds of the school district. Notice that bids will be received shall be published by the secretary of the board at least twenty days before the date selected by the school board for the acceptance of bids in some newspaper published in the county at least five days in each week, or if there is none, then in a newspaper of general circulation within the county.
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(L. 1963 p. 200 § 6-21, A.L. 1980 S.B. 733, A.L. 1992 S.B. 581, A.L. 1998 H.B. 955)
(Source: RSMo 1959 § 165.417)
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Chapter 165 - Budget and Current Financing
Section 165.031 - Lost or destroyed check, duplicate to issue, when.
Section 165.051 - Investment of surplus funds.
Section 165.061 - Treasurer, duties of.
Section 165.091 - School money, how disbursed.
Section 165.101 - Settlements of treasurer of seven-director districts, when due.
Section 165.131 - Tax and revenue anticipation notes — form.
Section 165.161 - Disbursements in metropolitan districts, how made.
Section 165.171 - Audits, how provided — removal of appointed auditor.
Section 165.211 - Depositaries, how selected, when — bids received when — notice to be published.
Section 165.231 - Opening of bids — interest on deposits.
Section 165.241 - Deposits, how secured — renewal of deposit agreement.
Section 165.251 - Additional security may be required.
Section 165.261 - Failure to select depositary.
Section 165.281 - Penalty for failure to pay valid check of seven-director district.
Section 165.291 - Liability of district treasurer.
Section 165.301 - Selection of depositaries in metropolitan districts.