257.330. Funds of district, how kept--cost of plans, how paid--use of surplus.

MISSOURI STATUTES AND CODES

257.330. Funds of district, how kept--cost of plans, how paid--use of surplus.

Funds of district, how kept--cost of plans, how paid--use of surplus.

257.330. 1. The moneys of every conservancy districtorganized hereunder shall consist of five separate funds:

(1) Preliminary fund, which shall include the proceeds ofthe organization tax authorized by this chapter and suchadvancements as may be made from the general county funds asprovided in this chapter;

(2) Bond fund, which shall include the proceeds of the saleof general obligation river basin conservancy bonds;

(3) Amortization fund, which shall include the proceeds oflevies made for interest on and amortization of generalobligation bonds issued under the provisions of this chapter;

(4) General fund, which shall include all other revenuestogether with the proceeds of annual levies made for the purposesof administration, current expenses, improvements and facilitiesand for the maintenance and operation of the district; and

(5) Aid fund, which shall include any fund for aiding thework of the district furnished by the United States, this state,other states, public corporations, or persons.

2. It is intended that the cost of general improvements madeor facilities provided by the district shall include the cost ofpreparing the official plans and specifications therefor, of anyappraisals occasioned thereby, of any lands or property purchasedor condemned therefor and of the entire cost of engineering,construction and superintendence, and all charges incidentalthereto, and that the same may be paid for out of the bond fundfrom the proceeds of general obligation bonds issued for suchimprovements or facilities.

3. No vouchers shall be drawn against any fund until anauthorizing resolution therefor shall have been properly passedby the board of trustees, and duly entered upon its records.

4. Any surplus funds in the treasury of the district may beused for retiring bonds, reducing the rate of assessment or foraccomplishing any other of the legitimate objects of thedistrict.