Section 173.425 – Assets not part of revenue — exclusive control of authority — student loan notes not public property.
Effective – 28 Aug 2007 173.425. Assets not part of revenue — exclusive control of authority — student loan notes not public property. — No asset of the authority shall be considered to be part of the revenue of the state within the meaning of Article III, Section 36, of the Constitution of Missouri, and […]
Section 173.435 – Institutions and fiduciaries may invest in bonds.
Effective – 28 Aug 1981 173.435. Institutions and fiduciaries may invest in bonds. — All banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, credit unions, insurance companies and associations, and all executors, administrators, guardians, trustees, and other fiduciaries legally may invest any sinking funds, moneys […]
Section 173.440 – Tax exemptions, bonds — exception.
Effective – 28 Aug 1994 173.440. Tax exemptions, bonds — exception. — The bonds and other forms of indebtedness issued under the provisions of this act, the interest thereon, the proceeds received by a holder from the sale thereof to the extent of the holder’s cost of acquisition, or proceeds received upon redemption prior to […]
Section 173.445 – Authority assigned to department of higher education — reports required.
Effective – 28 Aug 1994 173.445. Authority assigned to department of higher education — reports required. — The higher education loan authority is assigned to the department of higher education and workforce development. The authority shall annually file with the director of said department a report of its previous year’s income, expenditures and bonds or […]
Section 173.387 – Authority may be originator of guaranteed student loan, conditions.
Effective – 02 May 2008 173.387. Authority may be originator of guaranteed student loan, conditions. — The authority is hereby authorized to be the originator of any federally guaranteed student loan. Provided, however, with respect to borrowers attending higher education institutions in the state of Missouri, the authority’s origination of Stafford loans under the Federal […]
Section 173.390 – Bond issues — types authorized — rates — option to call for redemption before maturity, requirements — sale — price — cost.
Effective – 28 Aug 2003 173.390. Bond issues — types authorized — rates — option to call for redemption before maturity, requirements — sale — price — cost. — Bonds of the authority may be issued as serial bonds, as term bonds, or as a combination of both types. All such bonds issued by the […]
Section 173.392 – Lewis and Clark discovery fund created, use of moneys — annual appropriations, purposes.
Effective – 28 Aug 2007 173.392. Lewis and Clark discovery fund created, use of moneys — annual appropriations, purposes. — 1. There is hereby created in the state treasury a fund to be known as the “Lewis and Clark Discovery Fund”. The state treasurer shall deposit to the credit of the fund all moneys which […]
Section 173.393 – Misuse of moneys by recipient becomes liability, repayment of moneys.
Effective – 28 Aug 2007 173.393. Misuse of moneys by recipient becomes liability, repayment of moneys. — Any money appropriated by the general assembly from the Lewis and Clark discovery fund and used by the recipient in violation of section 173.386 or section 173.392 shall thereby be a liability of the recipient to the credit […]
Section 173.395 – Issuance of more than one series of bonds, requirements — refunding authorized.
Effective – 28 Aug 1994 173.395. Issuance of more than one series of bonds, requirements — refunding authorized. — Issuance by the authority of one or more series of bonds or other forms of indebtedness shall not preclude it from issuing other bonds or other forms of indebtedness in connection with the same purpose or […]
Section 173.400 – Bonds construed to be negotiable instruments.
Effective – 28 Aug 1994 173.400. Bonds construed to be negotiable instruments. — All bonds or other forms of indebtedness of the authority and the interest coupons applicable thereto are hereby made and shall be construed to be negotiable instruments. ——– (L. 1981 H.B. 326, A.L. 1994 S.B. 583)