108.530. State ceiling, revision of, director to make recommendations, when. - Missouri Statutes

State ceiling, revision of, director to make recommendations, when.

108.530. The director, from time to time, shall review andevaluate the use and demand for private activity bonds inproportion to the unused or uncommitted portion of the stateceiling. If, in the discretion of the director, it appears thatthe allocation of the state ceiling pursuant to the provisionshereof should be revised, then, the director shall recommend tothe governor and the general assembly an alternative method bywhich to utilize the unused or uncommitted portion of the stateceiling.

(L. 1987 S.B. 351 § 108.525)

Effective 1-1-88