Missouri Revised Statutes
Chapter 215 - State Housing
Section 215.070 - Debt service reserve fund — deposits to — investment of.

Effective - 28 Aug 1985
215.070. Debt service reserve fund — deposits to — investment of. — The commission may establish a special fund to be known as the "Debt Service Reserve Fund", and shall pay into such debt service reserve fund:
(1) Any moneys appropriated and made available by the state for the purposes of such fund;
(2) Any proceeds from the sale of bonds by the commission, to the extent provided in the resolution of the commission authorizing the issuance thereof; and
(3) Any other moneys which may be made available to the commission for the purpose of such fund from any other source or sources.
­­All moneys held in the debt service reserve fund shall be invested in accordance with subdivision (9) of section 215.030 and as the commission may by resolution determine.

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(L. 1969 H.B. 130 § 12, A.L. 1972 H.B. 1259, A.L. 1974 H.B. 1190, A.L. 1975 H.B. 949, A.L. 1985 H.B. 484)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XII - Public Health and Welfare

Chapter 215 - State Housing

Section 215.010 - Definitions.

Section 215.020 - Commission established, members, qualifications, terms, quorum, compensation.

Section 215.030 - Powers of commission — rulemaking, procedure — commission employee membership in state employees' retirement system.

Section 215.033 - Creation of nonprofit corporation authorized, promotion of housing equity funds, purpose — definitions — powers — board, appointment, members, terms, expenses, personnel — report.

Section 215.034 - Housing trust fund created, purpose — funding — housing development commission, costs how paid, limitation — duties — fund exempt from lapse into general revenue.

Section 215.036 - Housing trust fund to be used for loans or grants for assistance to low-income persons or families — eligible persons.

Section 215.037 - Rental project receiving loan or grant to charge required gross rental rate — gross rental rate to include utilities, occupant paying utilities, rent to be reduced by utility allowance — certification by owner, requirements.

Section 215.038 - Projects eligible for assistance.

Section 215.039 - Housing development commission, powers and duties in administering housing trust fund — report.

Section 215.040 - Fees for insuring loans, use of proceeds.

Section 215.054 - Mental health housing trust fund, created — transfers to the fund, interest, how used — department of mental health to select projects, commission approval — moneys not to lapse — St. Joseph state hospital proceeds, use of funds.

Section 215.060 - Loans made, purchased, when.

Section 215.062 - Weatherization loan program, commission to continue.

Section 215.070 - Debt service reserve fund — deposits to — investment of.

Section 215.080 - Commission to set interest rate.

Section 215.090 - Limited dividend approved — mortgagor's earnings limited — net earnings, how computed.

Section 215.100 - Commission to regulate amortization period.

Section 215.110 - Discrimination prohibited.

Section 215.120 - Issuance of bonds or notes authorized.

Section 215.130 - Resolution authorizing issue of bonds or notes may provide what.

Section 215.140 - Commission members not personally liable on notes or bonds.

Section 215.150 - Redemption of notes and bonds.

Section 215.160 - Indebtedness limited, exception.

Section 215.170 - Default, trustee appointed when, powers of trustee.

Section 215.180 - Venue of action, notice, how given.

Section 215.190 - Notes and bonds, approved securities.

Section 215.200 - Property and obligations of commission tax exempt.

Section 215.210 - Services commission may provide for nonprofit corporations.

Section 215.220 - Commission funds not to inure to private persons, exceptions.

Section 215.230 - Termination or dissolution of commission, effect of.

Section 215.240 - Audit, copies, who shall receive.

Section 215.246 - Grants or loans not awarded without implementation of certain oversight procedures (Kansas City).

Section 215.250 - Repayment of general revenue funds.

Section 215.263 - Affordable housing defined, staff to be provided by department of economic development.

Section 215.300 - Definitions.

Section 215.305 - Law to apply to all multifamily rental housing projects constructed or rehabilitated pursuant to National Housing Act.

Section 215.307 - Owners of multifamily housing projects eligible for additional subsidies, when.

Section 215.309 - Missouri housing commission to review certain records and develop report on subsidizing multifamily rental housing projects, when — content — plans of action to be provided tenants and public.

Section 215.311 - Owners to file request for additional subsidies, form — plan to expand affordability required, content — agreements entered into by commission may include certain incentives.

Section 215.314 - Owner obtaining subsidy must agree to certain requirements including rental rates — certification of rent for each subsidy unit and qualification of tenants to be filed, when — tenant's right to petition for lower rent, when.

Section 215.316 - Public hearing and consultations required before subsidies granted.

Section 215.318 - Agreement to supersede municipal or county ordinances — owners not required to request subsidies.

Section 215.327 - Assistance request for multifamily rental units, commission to notify chief elected official of city or county before approval.