Mo. Rev. Stat. ch. 360 – Missouri Health and Educational Facilities Act | Midpage

Collections
Revised Statutes of Missouri

Chapter 360

Mo. Rev. Stat. ch. 360

Missouri Health and Educational Facilities Act

360.010Short title 360.015Definitions 360.020Authority established — membership, terms — vacancy, how filled — removal of member, when 360.025Meetings to be open — quorum — notice — expenses of members 360.030Officers of authority, how selected — powers and duties, how fixed 360.035Bond required, amount of 360.040Conflict of interest not applicable, when 360.045Powers of authority — transfer of moneys to rebuild damaged infrastructure fund 360.046Missouri college savings bonds, purpose, guidelines established by authority 360.047Power of authority in issuance of bonds, notes or indebtedness — authority to conduct public hearings, when 360.050Authority must act as lessor only — term of lease — rentals, how set 360.055Acquisition of property authorized — participating health or educational institution, power to borrow funds from authority 360.060Bonds, form of, terms — how sold 360.065Subsequent or additional issues of bonds, when — refunding bonds, when 360.070Bonds and interest coupons declared negotiable instruments 360.075Bonds, how secured 360.080Bonds not an obligation of the state 360.085Income of authority tax exempt — bonds deemed to be securities issued by public instrumentality 360.090Authority to be self-supporting, exception 360.095Initial planning service fee, amount of, how determined — proration of fee, when 360.100Conveyance to participating institution, when made 360.105Financing by purchase of securities of participating institution authorized — such securities to be secured, how 360.106Definitions — bonds or notes issued for loans to or purchase of notes of school districts and community colleges — how secured — investment of funds — bids required for professional services furnished — report by authority due when 360.107Bonds or notes to finance working capital, security for — working capital defined 360.108Bonds or notes to finance self-insurance or risk management programs, effect of programs 360.109Bonds or notes to finance desegregation of schools, powers of authority 360.110Sections 360.010 to 360.140 not exclusive of other provisions of law 360.111School districts or public community colleges may participate in a direct deposit agreement — participation a waiver of right to bankruptcy 360.112Authority to serve as administrator for issuance — commissioner of education and state treasurer's authority 360.113Districts with direct deposit agreement eligible for one-time grant for each issue for construction or to refinance lease purchase grant, amount 360.114Authority to determine grant amount, actual cost of issuance, when — transfers to be at no cost to school district 360.115Proceeds of bond sales and fees collected are not revenue of the state 360.116Payment of grants, procedure — refunding or refinancing existing bonds, net present value savings amount 360.117Funding for grants less than amount of grants distributable, first priority construction or renovation projects 360.118Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement 360.120Approved investments 360.125Bonds issued by authority, fiduciaries may invest in 360.130Facilities not public buildings 360.135Authority to be tax exempt — proceeds of bonds tax exempt, exception 360.140Authority assigned to the office of administration — report to director required