Missouri Revised Statutes
Chapter 173 - Department of Higher Education and Workforce Development
Section 173.390 - Bond issues — types authorized — rates — option to call for redemption before maturity, requirements — sale — price — cost.

Effective - 28 Aug 2003
173.390. Bond issues — types authorized — rates — option to call for redemption before maturity, requirements — sale — price — cost. — Bonds of the authority may be issued as serial bonds, as term bonds, or as a combination of both types. All such bonds issued by the authority shall be payable solely from and secured by a pledge of revenues derived from or by reason of the ownership of student loan notes and investment income or as may be designated in a bond resolution authorized by the authority. Such bonds may be executed and delivered by the authority at any time and from time to time, may be in such form and denomination or denominations and of such terms and maturities, may be in fully registered form or in bearer form, registrable either as to principal or interest or both, may bear such conversion privileges, may be payable in such installment or installments and at such time or times not exceeding forty years from the date of the issuance thereof, may be payable at such place or places whether within or without the state of Missouri, may bear interest at such rate or rates per annum as determined by the authority without regard to section 108.170, may be made payable at such time or times and at such place or places, may be evidenced in such manner, may be executed by such officers of the authority, may have attached thereto, in the case of bearer bonds or bonds registrable as to principal only, interest coupons bearing the facsimile signature of the secretary of the authority, and may contain such provisions not inconsistent herewith, all as shall be provided in the bond resolution or resolutions of the authority whereunder the bonds shall be authorized to be issued. If deemed advisable by the authority, there may be retained in the bond resolution under which any bonds of the authority are authorized to be issued an option to call for redemption in advance of maturity all or any part of such bonds as may be specified in the bond resolution, at such price or prices, upon the giving of such notice or notices, and upon such terms and conditions as may be set forth in the bond resolution and as may be recited on the face of the bonds, but nothing in this section shall be construed to confer upon the authority the right or option to call for redemption in advance of maturity any bonds except as may be provided in the bond resolution under which they shall be issued. The bonds of the authority may be sold at public or private sale for such price, in such manner, and from time to time as may be determined by the authority notwithstanding the provisions of section 108.170, and the authority may pay all expenses, premiums, and commissions which it may deem necessary or advantageous in connection with the issuance thereof from the proceeds of the bonds. Other forms of indebtedness issued by the authority shall have such terms as may be provided in a bond resolution authorized by the authority. Any such indebtedness may bear interest at such rates and be sold in such manner as may be determined by the authority notwithstanding the provisions of section 108.170, and the authority may pay all expenses, premiums and commissions which it may deem necessary or advantageous in connection with the issuance thereof from proceeds therefrom or from other funds of the authority.
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(L. 1981 H.B. 326, A.L. 1986 H.B. 1356, A.L. 1994 S.B. 583, A.L. 2003 H.B. 221 merged with S.B. 346)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XI - Education and Libraries

Chapter 173 - Department of Higher Education and Workforce Development

Section 173.003 - Retirement and severance policies, uniformity requirement.

Section 173.005 - Department of higher education created — agencies, divisions, transferred to department — coordinating board, appointment qualifications, terms, compensation, duties, advisory committee, members.

Section 173.007 - Commissioner of education, appointment by board — compensation — powers — duties.

Section 173.020 - Responsibilities of the coordinating board.

Section 173.030 - Additional responsibilities.

Section 173.035 - Resources, website directing students to — rulemaking authority.

Section 173.040 - Reports to governor and general assembly, contents.

Section 173.050 - Powers of coordinating board.

Section 173.051 - Independent colleges and universities may provide programs or research, requirements — public colleges or universities development of new programs, duties.

Section 173.081 - Rules and regulations, promulgation procedure.

Section 173.091 - Senior citizens' tuition exemption, qualifications, limitations, fee.

Section 173.093 - Limitations on awards of financial assistance.

Section 173.095 - Declaration of policy.

Section 173.100 - Definitions.

Section 173.105 - Board and department duties — required federal reports, submitted to whom.

Section 173.110 - Department may guarantee student loans — subrogation — charges for guarantee — lender of last resort loans, origination — amount guaranteed, limit.

Section 173.115 - Defaulted loans — wage withholding orders, issued when, maximum amount, effect — statement of claim, rights of borrower — hearing, procedure, order to pay debt, judicial review — employer duties, liabilities, immune, when — discharg...

Section 173.120 - State guaranty student loan fund established — purpose — no transfers from fund, exception — appropriations not to lapse.

Section 173.125 - Dispute resolution requirements.

Section 173.130 - Funds not currently needed may be invested, how.

Section 173.141 - Authorized actions of the board.

Section 173.150 - Recovery of loans.

Section 173.160 - Standards of eligibility for loans.

Section 173.170 - Standards of eligibility of loan agreements — discrimination prohibited.

Section 173.180 - Filing of regulations.

Section 173.186 - Guarantors of student loans, eligibility requirements.

Section 173.187 - Lender of last resort revolving fund, established, administration.

Section 173.196 - Business firm may make donation to higher education scholarship donation fund, tax credit — amount of credit, limitations, carry-over, transfer — use of fund — tax credits prohibited, when.

Section 173.232 - Urban flight and rural needs scholarship program established — eligible student defined — teaching requirements for recipients — fund established.

Section 173.234 - Definitions — grants to be awarded, when, duration — duties of the board — rulemaking authority — eligibility criteria.

Section 173.236 - Survivors of Vietnam veterans scholarship program — eligibility — coordinating board, powers and duties — amount — transfer, withdrawal — expiration date.

Section 173.239 - National Guard member educational assistance grant, qualifications — limits — administration.

Section 173.240 - Program established — fund created — purpose — administration — rulemaking authority — advisory committee created, members, duties.

Section 173.242 - Recipient of scholarship may postpone college for two semesters to participate in the National Guard without losing eligibility, requirements.

Section 173.250 - Higher education academic scholarship program, definitions, board to administer — requirements, amounts — transfer, withdrawal, illness or disability of student.

Section 173.252 - Interest, guaranty student loan fund, use of.

Section 173.254 - Kids' chance scholarship program, created, administration, eligibility, limits, rules.

Section 173.256 - Kids' chance scholarship — fund created, how terminated, lapse into general revenue prohibited.

Section 173.258 - Director to deposit funds in kids' chance scholarship fund, when.

Section 173.260 - Public service officers and employees disabled or killed in the line of duty, survivor's and disabled employee's educational grant program, requirements, limitations.

Section 173.262 - Competitiveness scholarship program (Marguerite Ross Barnett program), definition — duties of coordinating board — eligibility requirements — transfer or withdrawal, effect.

Section 173.264 - International economic development exchange program established — eligible students.

Section 173.265 - Advisory committee established — members, appointment, qualifications, terms — program funding.

Section 173.270 - Foster care or residential care students, waiver of tuition and fees, when.

Section 173.275 - Foreign gifts to institutions — disclosure to department, when, how, contents.

Section 173.280 - Compensation of student athletes permitted, when — grant-in-aid or stipend eligibility not impacted, when — financial development program, purpose — civil action, when — applicability.

Section 173.300 - Compact adopted.

Section 173.310 - Bylaws to be filed with secretary of state.

Section 173.320 - Selection of legislative members.

Section 173.330 - Commission members' expenses paid.

Section 173.350 - Citation of law.

Section 173.355 - Definitions.

Section 173.360 - Higher education loan authority, created — members, selection procedure, qualifications — terms — vacancy — removal procedure.

Section 173.365 - Quorum — affirmative vote requirement — meetings open to public — notice — expenses.

Section 173.370 - Organizational meeting — officers — secretary, appointment, duties, compensation, executive director, appointment, compensation.

Section 173.375 - Bond requirements for members of authority — filed where.

Section 173.380 - Conflict of interest, procedure to avoid.

Section 173.385 - Authority, powers and duties — distribution to Lewis and Clark discovery fund, amount — immunity from liability, when.

Section 173.386 - Assets may not be used for payment of debt.

Section 173.387 - Authority may be originator of guaranteed student loan, conditions.

Section 173.390 - Bond issues — types authorized — rates — option to call for redemption before maturity, requirements — sale — price — cost.

Section 173.392 - Lewis and Clark discovery fund created, use of moneys — annual appropriations, purposes.

Section 173.393 - Misuse of moneys by recipient becomes liability, repayment of moneys.

Section 173.395 - Issuance of more than one series of bonds, requirements — refunding authorized.

Section 173.400 - Bonds construed to be negotiable instruments.

Section 173.405 - Principal and interest, how secured — resolution or trust agreement, content — default, remedies.

Section 173.410 - State or political subdivision not liable, statement on face of bond required.

Section 173.415 - Tax exemptions, income and property of authority — bonds exempt from certain provisions.

Section 173.420 - Authority may borrow for expenses — loans to be repaid — powers of authority, how construed.

Section 173.425 - Assets not part of revenue — exclusive control of authority — student loan notes not public property.

Section 173.435 - Institutions and fiduciaries may invest in bonds.

Section 173.440 - Tax exemptions, bonds — exception.

Section 173.445 - Authority assigned to department of higher education — reports required.

Section 173.475 - No discrimination in hiring based on lack of a graduate degree, when.

Section 173.480 - Higher education capital fund created, use of moneys.

Section 173.600 - Definitions.

Section 173.602 - Certificate of approval required to offer courses for sale or solicit students.

Section 173.604 - Minimum standards for certification of proprietary school — out-of-state applicants.

Section 173.606 - Application for certification, contents — investigation of applicant — certificates nontransferable — temporary certificate — right of appeal if certificate denied.

Section 173.608 - Fee for certificate — disposition — additional fees authorized, when — fund created, purpose.

Section 173.610 - Tuition — obligation or instrument of payment subject to defenses and setoffs — exceptions.

Section 173.612 - Coordinating board for higher education to administer law — powers and duties — rules and regulations, suspension and reinstatement.

Section 173.614 - Advisory committee — appointment, qualifications, terms — powers and duties — expenses.

Section 173.616 - Schools and courses that are exempt from sections 173.600 to 173.618.

Section 173.618 - Unlawful practices — injunction, board action — penalty.

Section 173.619 - Rules, promulgation.

Section 173.670 - Initiative established, purpose, matching grants — fund created, use of moneys — authorized programs.

Section 173.675 - Information technology certification through technical course work, program to be developed, components — rulemaking authority.

Section 173.680 - Study on most frequent IT certifications requested by employers — report.

Section 173.700 - Midwestern higher education compact.

Section 173.705 - Midwestern higher education commission — members.

Section 173.708 - Membership of commission — terms — vacancies.

Section 173.730 - International student exchanges — matching funds.

Section 173.735 - Institutions of higher education, conflict of interest policy.

Section 173.750 - Annual reporting of performance of graduates, furnishing of report — procedure — data included — review of policies.

Section 173.754 - Unlawful use false or misleading degree, when — violation, penalty.

Section 173.775 - Citation — fund created.

Section 173.778 - Definitions.

Section 173.781 - High demand occupations and areas, board's duties.

Section 173.784 - Limitations on participation.

Section 173.787 - Loan forgiveness, when.

Section 173.790 - Contract for participation, terms and conditions.

Section 173.793 - Not a guarantee of admission, attendance, or graduation.

Section 173.796 - Tax credit for donations to fund — tax credits prohibited, when.

Section 173.831 - Workforce diploma program — definitions — program providers, qualifications, approval, payment of providers — report, contents — survey, contents — department review — fund created, use of moneys — rules — sunset provision.

Section 173.900 - Combat veteran defined — tuition limit for combat veterans, procedure — rulemaking authority.

Section 173.955 - Citation of law — definitions — information to be provided to faculty, when — use of financial aid for purchase of textbooks, when.

Section 173.1000 - Citation of law.

Section 173.1003 - Change in tuition rate to be reported to board — permissible percentage change, exceptions — definitions — differentiated tuition, notice to department, when.

Section 173.1004 - Rulemaking authority — board and department of economic development to provide information to colleges and universities.

Section 173.1006 - Performance measures to be utilized — board to evaluate every three years — report.

Section 173.1101 - Citation of law — references to program.

Section 173.1102 - Definitions.

Section 173.1103 - Board to administer program, duties of the board — fund created, use of moneys.

Section 173.1104 - Eligibility criteria for assistance — disqualification, when — allocation of assistance.

Section 173.1105 - Award amounts, minimums and maximums — adjustment in awards, when.

Section 173.1106 - Other financial assistance to be reported to board.

Section 173.1107 - Transfer of recipient, effect of.

Section 173.1108 - Inapplicability of sunset act.

Section 173.1110 - Unlawfully present students, no public benefits permitted — documentation of citizenship or lawful presence required — annual certification — definitions.

Section 173.1150 - Student resident status for separating military personnel, eligibility — rulemaking authority.

Section 173.1153 - In-state tuition — Missouri National Guard members and U.S. Armed Forces reservists deemed domiciled in this state — effect of — rulemaking authority.

Section 173.1155 - In-state tuition, dependents of military personnel assigned geographically within this state eligible for.

Section 173.1158 - Veterans, educational credits for courses that are part of military training or service — rulemaking authority.

Section 173.1200 - Policy to advise students and staff on available suicide prevention programs — posting on website — anonymous reporting — student ID cards to contain dialing code for Suicide and Crisis Lifeline.

Section 173.1205 - Ownership or membership interest in entities, not deemed governmental or quasi-governmental bodies, when.

Section 173.1350 - Grants authorized, amount, eligibility.

Section 173.1352 - Advanced placement exams, undergraduate course credit, when.

Section 173.1400 - Verification issued, when — form, information.

Section 173.1450 - Citation of law — regional accreditation, lack of, required disclosure — form — exemption.

Section 173.1540 - Institutions to submit annual budget request to department — increases in core funding, allocation model, requirements — report.

Section 173.1550 - Citation of law — expressive activities protected — outdoor areas deemed traditional public forums, reasonable restrictions — court action authorized, when.

Section 173.1592 - Food allergies and medical dietary issues, students not required to purchase meal plan or dine at on-campus facilities.

Section 173.2050 - Memorandum of understanding between institution and law enforcement agency, contents — rulemaking authority.

Section 173.2500 - Dual credit and dual enrollment providers — definitions — application procedure — rulemaking authority — fund created.

Section 173.2505 - Scholarship eligibility — amount of scholarship, limitation — fund created.

Section 173.2510 - On-time completion of degree programs, policies to be created to promote — report.

Section 173.2515 - Guided pathways to success — definitions — pilot program to be developed — grants, when, rules for procedure.

Section 173.2520 - Pilot program established — report.

Section 173.2530 - Report on compliance with standards for mental health services provided on campus.

Section 173.2553 - Grant established for postsecondary education — definitions — eligibility — implementation of program — sunset provision — fund created, use of moneys — rules.