644.540. Tangible property tax, when levied.

MISSOURI STATUTES AND CODES

644.540. Tangible property tax, when levied.

Tangible property tax, when levied.

644.540. If at any time after the issuance of any of thebonds it shall become apparent to the commissioner ofadministration that the funds available in the state revenue fundwill not be sufficient for the payment of the sinking fund andinterest on outstanding obligations of the state and for thepurpose of public education and the principal and interestmaturing and accruing on the bonds during the next succeedingfiscal year, a direct tax shall be levied upon all taxabletangible property in the state for the payment of the bonds andthe interest that will accrue thereon. In such event, it shallbe the duty of the commissioner of administration annually, on orbefore the first day of July, to determine the rate of taxationnecessary to be levied upon all taxable tangible property withinthe state to raise the amount of money needed to pay theprincipal of and interest on the bonds maturing and accruing inthe next succeeding fiscal year, taking into considerationavailable funds, delinquencies and costs of collection. Thecommissioner of administration shall annually certify the rate oftaxation so determined to the county clerk of each county and tothe comptroller or other officer in the city of St. Louis whoseduty it shall be to make up and certify the tax books wherein areextended the ad valorem state taxes. It shall be the duty of thecounty clerks and of the comptroller or other proper officer inthe city of St. Louis to extend upon the tax book the taxes to becollected and to certify the same to the collectors of therevenue of their respective counties and of the city of St.Louis, who shall collect such taxes at the same time and in thesame manner and by the same means as are now or may hereafter beprovided by law for the collection of state and county taxes, andto pay the same into the state treasury for the credit of thewater pollution control bond and interest fund.