Effective - 28 Aug 1988
360.109. Bonds or notes to finance desegregation of schools, powers of authority. — 1. Notwithstanding any other provision of law to the contrary, in addition to other powers granted to the authority by sections 360.010 to 360.140, the authority shall have the power to issue bonds or notes or other evidences of indebtedness for the purpose of making loans to, or purchasing the notes of, or owning and leasing to or otherwise assisting the state of Missouri or its agencies, departments or boards for the purpose of financing any of the following which the state of Missouri or its agencies, departments or boards is required, permitted, or deems it necessary to provide, pursuant to or in compliance with, any past, present or future order, ruling, decree, settlement or other directive of any court of the United States of America or of the state of Missouri in connection with or in any way related to any court case involving desegregation of schools located in the state of Missouri: The cost of all or any portion of structures, buildings, fixtures, materials, equipment and any and all other capital items used in connection with the providing of primary, elementary or secondary education at or below the high school level in the state of Missouri, including, without in any way limiting the generality of the foregoing, academic structures or buildings, libraries, classrooms, places for athletic activities, places of learning, laboratories, places in which to provide health care, places in which to house maintenance equipment and supplies, storage places, places in which to locate utilities, administration facilities, student union facilities, communication or technological facilities, as well as other structures or appurtenances related thereto required or useful for the instruction or training of students and related research and activities, and also for the cost of all or any portion of student, teacher, counselor, employee, administrator, or other individual's school transportation, and salaries and other benefits and costs of teachers, counselors, employees, administrators or other individuals, and all related costs of such financings, including, but not limited to, all costs, charges, fees and expenses of underwriters, attorneys, consultants, accountants and the authority.
2. The authority shall have the power to cooperate with and assist the state of Missouri or its agencies, departments or boards in providing the financing described herein. In connection with any financing pursuant to the power granted in this section, the authority shall have all powers as set forth elsewhere in sections 360.010 to 360.040.
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(L. 1988 H.B. 1456)
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.