Effective - 28 Aug 2007
204.670. Funds required. — A separate fund or account shall be created by the district for each improvement project, and each such fund or account shall be identified by a suitable title. The proceeds from the sale of bonds and temporary notes and any other moneys appropriated thereto by the governing body of the district shall be credited to such funds or accounts. Such funds or accounts shall be used solely to pay the costs incurred in making each respective improvement. Upon completion of an improvement, the balance remaining in the fund or account established for such improvement, if any, may be held as contingent funds for future improvements or may be credited against the amount of the original assessment of each parcel of property, on a pro rata basis based on the amount of the original assessment, and with respect to property owners that have prepaid their assessments in accordance with sections 204.650 to 204.672, the amount of each such credit shall be refunded to the appropriate property owner. With respect to all other property owners, the amount of each such credit shall be transferred and credited to the district bond and interest fund to be used solely to pay the principal of and interest on the bonds or temporary notes, and the assessments shall be reduced accordingly by the amount of such credit.
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(L. 2007 S.B. 22)
Structure Missouri Revised Statutes
Title XII - Public Health and Welfare
Chapter 204 - Common Sewer Districts in Certain Areas
Section 204.251 - Sewer subdistricts governed by provisions of this chapter.
Section 204.253 - Board of trustees, no power to levy taxes until approval.
Section 204.254 - Total amount of bonds limited — form of bonds — registration of bonds.
Section 204.255 - Secretary to certify costs — board to levy tax — collection and remittance of tax.
Section 204.257 - Advisory board for subdistrict, creation, members — may make recommendations.
Section 204.270 - Report of commissioners, map or plan, where filed.
Section 204.290 - District a body corporate and politic, when.
Section 204.310 - Advisory board, composition of — not required, when.
Section 204.322 - Board of trustees, rules and regulations.
Section 204.331 - Subdistricts, how created — contract powers.
Section 204.332 - Subdistricts, how created, alternative method.
Section 204.350 - Contracts let by board on bids, exceptions.
Section 204.355 - Extension of boundaries, procedure — ballot form.
Section 204.360 - Costs of common sewer district met, how.
Section 204.370 - Bonds, issuance on four-sevenths vote — certain counties (Jackson and Cass).
Section 204.375 - Sewer districts and water districts may issue joint revenue bonds.
Section 204.380 - Bonds issued when, interest rate, redemption period, type, how signed, how sold.
Section 204.400 - District to charge and collect sufficient revenues.
Section 204.410 - Net revenues defined, how expended.
Section 204.430 - Refunding bonds authorized.
Section 204.440 - Charges to be at rate recommended by advisory board, exception.
Section 204.460 - Board may accept grants of funds, material or labor and enter required agreements.
Section 204.470 - Local government officials required to perform certain acts and services.
Section 204.567 - Circuit court shall hold hearing, notice, contents — decree, filing.
Section 204.569 - Board of trustees, powers in unincorporated sewer subdistrict — additional powers.
Section 204.571 - Authorized representative, advisory board — organization — recommendations.
Section 204.600 - Reorganization permitted, when.
Section 204.602 - Proceedings for reorganization, requirements.
Section 204.604 - Petition requirements.
Section 204.606 - Bonded indebtedness and security interests of creditors, effect of reorganization.
Section 204.610 - Trustees, appointment, qualifications, compensation, terms.
Section 204.612 - Levy and collection of taxes permitted, when.
Section 204.614 - Bond requirements — deposit of district moneys.
Section 204.616 - Powers of the board — industrial user defined.
Section 204.620 - Acquisition of real and personal property — use of public grounds, when.
Section 204.622 - Treatment plants, contracts for — agreements for professional services.
Section 204.624 - Costs, how met.
Section 204.626 - Issuance of revenue bonds, procedure.
Section 204.628 - Fees or charges levied, when due.
Section 204.630 - Revenue bonds, duties of district.
Section 204.632 - Revenue bonds, net revenues to be pledged.
Section 204.634 - Resolution authorizing revenue bonds — accounts.
Section 204.636 - Issuance of refunding bonds, when.
Section 204.638 - Grants or funds from state or federal government, trustees to accept.
Section 204.640 - Courts and officers of political subdivisions to cooperate with district.
Section 204.650 - Citation of law — definitions.
Section 204.652 - Improvements may be made — issuance of revenue bonds — assessments.
Section 204.654 - Establishment of area, procedure.
Section 204.656 - Costs apportioned against property.
Section 204.658 - Assessments required, roll to be prepared.
Section 204.660 - Hearing, procedure — notice to property owners — special assessments.
Section 204.662 - Court action, limitation.
Section 204.666 - Assessment to constitute a lien, when.
Section 204.668 - Temporary notes authorized, when.
Section 204.670 - Funds required.
Section 204.672 - Cooperative agreements authorized, when.
Section 204.674 - Inapplicability.
Section 204.700 - No fee, charge, or tax to be assessed, when.