Effective - 28 Aug 1975
360.020. Authority established — membership, terms — vacancy, how filled — removal of member, when. — There is hereby created a body politic and corporate to be known as the "Health and Educational Facilities Authority of the State of Missouri". The authority is hereby constituted a public instrumentality and body corporate, and the exercise by the authority of the powers conferred by sections 360.010 to 360.140 shall be deemed and held to be the performance of an essential public function. The authority shall consist of seven members to be appointed by the governor, by and with the advice and consent of the senate, each of whom shall be a resident of the state. Not more than four out of the seven members of the authority shall be of the same political party. In making appointments to the authority, the governor shall take into consideration nominees recommended to him for appointment by professional organizations of hospitals, operators of long term health care facilities, higher education associations, investment bankers, and architects. The members of the authority first appointed by the governor shall be appointed as follows: Two for a term of one year, two for a term of two years, and one each for terms of three, four, and five years, respectively, from the date of appointment, or until their successors shall have been appointed and shall have qualified. The initial term of each such member is to be designated by the governor at the time of making the appointment. Upon the expiration of the initial terms of office, successor members shall be appointed for terms of five years and shall serve until their successors shall have been appointed and shall have qualified. Any member shall be eligible for reappointment. The governor shall fill any vacancy for the remainder of any unexpired term. Any member of the authority may be removed by the governor for misfeasance, malfeasance, willful neglect of duty, or other cause after notice and a public hearing unless the notice or hearing shall be expressly waived in writing.
--------
(L. 1975 H.B. 70 § 2)
Structure Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 360 - Missouri Health and Educational Facilities Act
Section 360.010 - Short title.
Section 360.015 - Definitions.
Section 360.025 - Meetings to be open — quorum — notice — expenses of members.
Section 360.030 - Officers of authority, how selected — powers and duties, how fixed.
Section 360.035 - Bond required, amount of.
Section 360.040 - Conflict of interest not applicable, when.
Section 360.045 - Powers of authority — transfer of moneys to rebuild damaged infrastructure fund.
Section 360.046 - Missouri college savings bonds, purpose, guidelines established by authority.
Section 360.050 - Authority must act as lessor only — term of lease — rentals, how set.
Section 360.060 - Bonds, form of, terms — how sold.
Section 360.065 - Subsequent or additional issues of bonds, when — refunding bonds, when.
Section 360.070 - Bonds and interest coupons declared negotiable instruments.
Section 360.075 - Bonds, how secured.
Section 360.080 - Bonds not an obligation of the state.
Section 360.090 - Authority to be self-supporting, exception.
Section 360.095 - Initial planning service fee, amount of, how determined — proration of fee, when.
Section 360.100 - Conveyance to participating institution, when made.
Section 360.107 - Bonds or notes to finance working capital, security for — working capital defined.
Section 360.109 - Bonds or notes to finance desegregation of schools, powers of authority.
Section 360.110 - Sections 360.010 to 360.140 not exclusive of other provisions of law.
Section 360.115 - Proceeds of bond sales and fees collected are not revenue of the state.
Section 360.120 - Approved investments.
Section 360.125 - Bonds issued by authority, fiduciaries may invest in.
Section 360.130 - Facilities not public buildings.
Section 360.135 - Authority to be tax exempt — proceeds of bonds tax exempt, exception.
Section 360.140 - Authority assigned to the office of administration — report to director required.