8.592. Issuance of notes, maturity dates--transfer of funds to secure notes. - Missouri Statutes

Issuance of notes, maturity dates--transfer of funds to secure notes.

8.592. The board of public buildings shall have the power to issuenotes with a maturity of not more than one year from the date of issue forthe purpose of preserving any expenditure of moneys from the state generalrevenue fund for reimbursement from the proceeds of any bonds issuedpursuant to sections 8.500 to 8.565. The state may transfer to the boardof public buildings funds designated in the state's budget for suchexpenditure for the purpose of securing such notes. The purpose for theissuance of such notes and the transfer of such moneys shall be to maximizethe utilization of tax-exempt bonds by the tobacco settlement financingauthority.

(L. 2002 S.B. 1191)

Effective 6-07-02