Title VIII, PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS

108.240. Bonds to be certified by state auditor — validity — defenses. — 1. Before any general obligation bearer bond or general obligation registered bond, hereafter issued by any county, township, city, town, village or school district or special road district or fire protectio…

108.250. Auditor's fee for registering bonds — transmitted to director of revenue. — The state auditor shall be paid for registering bonds the sum of ten cents for each one hundred dollars of the face value of the bonds registered; provided, that the fee for registering any issue…

108.260. Bond issues — annual statement — call before maturity — failure to make statement, penalty. — 1. It shall be the duty of the clerk, secretary, auditor or comptroller of any county, city, village or school district, on the first day of July, A.D. 1897, to furnish the stat…

108.270. Auditor to certify annually amount required to pay interest, costs. — The state auditor shall, annually, on or about the first day of July, certify to the several county commissions, city councils, boards of aldermen, boards of trustees, school boards, boards of supervis…

108.280. May levy larger tax — must certify to auditor bonds redeemed. — Nothing contained in sections 108.240 to 108.300 shall prevent any county commission, city council, board of aldermen, board of trustees of any incorporated village, board of directors of any school district…

108.290. Registered bonds, lawful security. — Any and all bonds registered by the state auditor under the provisions of the laws of this state, and any and all bonds that have been or may be duly issued by any county or city or school district having a population of over three hu…

108.300. Provisions not applicable to certain counties, cities or school districts. — Nothing in the provisions of sections 108.240 to 108.300 relating to the registration of bonds shall be so construed as to include any bonds that have been or may be issued by any county of the …

108.310. Petition for pro forma decree. — Whenever the state of Missouri, or any county, township, school district or municipality shall have issued bonds under and by authority of any provision of the Constitution of the state of Missouri, or any law enacted in pursuance thereof…

108.320. Notice of presentation of petition — intervening petition. — 1. The state, county, township, school district or municipality, or the legal representative thereof, shall cause a notice to be published stating the time and place when said petition will be presented, which …

108.330. Hearing — court order. — Upon hearing, whether an answer has been filed or not, the court shall carefully investigate the record concerning such bond issue, together with all evidence and proofs submitted at such hearing, and if the court be of the opinion that said bond…

108.340. Appeal. — Any person or persons aggrieved by the judgment and decree of the court may appeal in like manner as appeals are taken in other civil cases. ­­-------- (RSMo 1939 § 3315) Prior revision: 1929 § 2929

108.350. Court to determine appeal without delay. — Whenever any cause has been appealed the appellate court shall, without delay, hear and determine the same without regard to the judgment of the circuit court and render such judgment as should have been rendered by the circuit …

108.400. Refunding bonds authorized. — Any county of the first class having a charter form of government and containing the greater part of a city with a population of four hundred fifty thousand inhabitants or more having outstanding its general obligation bonds payable in whole…

108.405. Refunding bonds, how issued. — The refunding bonds may be sold or exchanged for the bonds being refunded, either as a whole or in installments, at any time or times, either at, before, or after the maturity of the bonds being refunded. However, if the refunding bonds are…

108.410. Refunding bonds to refer to sections 108.400 to 108.410 — ordinance to set denomination and rate and term within limits. — Refunding bonds issued under the provisions of sections 108.400 to 108.410 shall make reference to sections 108.400 to 108.410 and, except as otherw…

108.450. Definitions — authority to issue bonds, form — restrictions. — 1. In order to aid in providing an adequate supply of residential housing for low or moderate income persons or families, the county commission, legislative body of the county or the combination of counties b…

108.455. Bond issue, requirements and restrictions — exempt from state and local income tax. — 1. Revenue bonds issued pursuant to the provisions of sections 108.450 to 108.470 shall be of such denomination, shall bear such rate or rates of interest not to exceed fourteen percent…

108.460. Form and detail of bonds to be prescribed — criteria for mortgages may be established. — 1. The county commission, county legislative body or combination of counties issuing bonds under the provisions of sections 108.450 to 108.470 shall prescribe the form, details and i…

108.465. County defined to include certain cities. — As used in sections 108.450 to 108.470, the word "county" includes the City of St. Louis and any city having adopted an industrial development plan under the provisions of sections 100.010 to 100.200. ­­-------- (L. 1980 S.B. 5…

108.470. Discrimination in granting of loans is unlawful. — It shall be unlawful for any revenue bond authority, or any agent thereof, to deny a residential real estate loan to a person because of the specific geographic location of the residential real estate or to discriminate …

108.500. Definitions. — As used in sections 108.500 to 108.532, the following terms mean: (1) "Code", the Internal Revenue Code of 1986; (2) "Director", director of the department of economic development or his designee; (3) "Issuers", state agencies, cities, counties and other e…

108.502. Allocation to bond issuers, state ceiling used. — The allocation system provided in Section 146 of the Code with respect to all issuers, whether local or state, is hereby revoked for calendar years after December 31, 1987. The state ceiling shall be allocated among issue…

108.508. State ceiling for each calendar year, how calculated. — The dollar amount of the state ceiling for the state of Missouri for each calendar year commencing January 1, 1988, shall be determined by the director on or before the beginning of each such calendar year in accord…

108.510. Allocation application, form — criteria for consideration of approval by director — rules, promulgation, procedure. — 1. Prior to any issuance of any private activity bonds, all issuers, whether state or local, shall first make a request for an allocation by filing a sig…

108.512. Notification of approval, rejection — expiration of approved allocation. — 1. Within ten business days after receipt of an application, the director shall notify the issuer (by first class mail) that: (1) The application has been approved and the amount of the approved a…

108.518. Extension procedure — time authorized — bonds not issued, expire when. — 1. For good cause shown, an issuer may request an extension of the expiration date of an approved allocation by filing a written notice for extension with the director, which request must be receive…

108.520. Certification of bonds. — The director shall provide to the issuer on or prior to the date of issuance of any bonds for which an approved allocation has not expired a certification, in substantially the form required by Section 149 of the Code, that such bonds meet the r…

108.522. Carry-forward election, procedure. — On or after December fifteenth of each year, the director may, in his discretion, approve a carry-forward election with respect to an approved allocation or any extension thereof if the issuer, in writing, requests such action and ind…

108.524. Expiration, resubmission of application. — In the event an approved allocation expires as provided in section 108.512 or 108.518, the issuer may resubmit an application for an allocation for the same project. Such resubmitted application shall be reviewed in the order of…

108.526. Report of all private activity bonds issued, when — procedure. — All issuers, whether state or local, are hereby required to report the amount of all private activity bonds issued pursuant to an approved allocation in accordance with sections 108.500 to 108.532 to the di…

108.528. Violations, effect. — Failure by an issuer to report in accordance with the provisions of section 108.526, or otherwise to abide by the terms of sections 108.500 to 108.532, may, at the discretion of the director, result in the forfeiture of future allocations for privat…

108.530. State ceiling, revision of, director to make recommendations, when. — The director, from time to time, shall review and evaluate the use and demand for private activity bonds in proportion to the unused or uncommitted portion of the state ceiling. If, in the discretion o…

108.532. Allocation of state ceiling, law applicable, when. — Sections 108.500 to 108.532 shall govern the allocation of the state ceiling for each calendar year commencing after December 31, 1987. ­­-------- (L. 1987 S.B. 351 § 108.527) Effective 1-01-88

108.900. Commissioners authorized to borrow and to issue bonds for state building and property improvements. — 1. For the purpose of providing funds for improvements of state buildings and property, including state parks, including but not limited to repairing, remodeling, or reb…

108.901. Bonds, when issued — denominations — interest, how set — form of bonds — treasurer's duties — auditor's duties. — As evidence of the indebtedness authorized by sections 108.900 to 108.914, there shall be issued, from time to time as occasion may require, bonds of the sta…

108.902. Bonds, how registered. — When the bonds shall have been issued, they shall be registered in the office of the state auditor in a book to be provided by him for that purpose, and he shall endorse on each bond his certificate that in the issuance thereof all of the conditi…

108.903. Bonds, how sold, deposits — proceeds — expenses of sale, how paid. — The board of fund commissioners shall offer such bonds at public sale, and shall provide such method as it may deem necessary for the advertisement of the sale of each issue of the bonds before the same…

108.904. Proceeds of sales paid into third state building fund — purchase preferences for Missouri products and firms, when. — The moneys realized from the sale of bonds under the provisions of sections 108.900 to 108.914 shall be paid into the state treasury, to the credit of th…

108.905. Appropriations from fund, purposes — distribution. — The general assembly may appropriate in any year such amount from the third state building fund as it determines to be necessary for the purposes specified herein. Any amount so appropriated in any year shall be distri…

108.906. Projects to be authorized by general assembly, exceptions. — With the exception of those projects involving the repair, replacement or maintenance of state buildings or facilities for which at least twenty percent of any year's appropriations from the fund are reserved a…

108.907. Third state building fund, deposits, how made — interest to accrue to fund. — The state treasurer, with the approval of said board of fund commissioners, is authorized to deposit all of the money in the third state building fund in the manner now or hereafter provided in…

108.908. Third state building bond interest and sinking fund created, how used. — There is hereby created in and for the state treasury of the state of Missouri a fund to be known and designated as "The Third State Building Bond Interest and Sinking Fund". Upon the issuance of th…

108.909. Third state building bond interest and sinking fund, deposits how made — interest to accrue to fund. — The state treasurer, with the approval of the board of fund commissioners, is authorized to deposit all of the moneys in the third state building bond interest and sink…

108.910. Tangible property tax, when levied. — If at any time after the issuance of any of the bonds it becomes apparent to the commissioner of administration that the funds available in the state revenue fund will not be sufficient for the payment of principal and interest on ou…

108.911. Third state building bond interest and sinking fund money to stand appropriated for payment of principal and interest on bonds. — All funds paid into the third state building bond interest and sinking fund shall be and stand appropriated without legislative action to the…

108.912. Bonds, principal and interest, how paid — repurchase, when. — All bonds herein authorized to be issued shall be paid at maturity and all interest accruing thereon shall be paid when it falls due by the state treasurer, at a place designated in the bonds and coupons, if a…