Section 360.120 – Approved investments.
Effective – 28 Aug 1988 360.120. Approved investments. — 1. The authority may invest any of its funds in: (1) Bonds, notes, certificates of indebtedness, treasury bills, or other securities constituting direct obligations of, or obligations the principal of and interest on which are fully guaranteed by, the United States, including evidences of a direct […]
Section 360.125 – Bonds issued by authority, fiduciaries may invest in.
Effective – 28 Aug 1975 360.125. Bonds issued by authority, fiduciaries may invest in. — All banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, insurance companies and associations, and all executors, administrators, guardians, trustees, and other fiduciaries legally may invest any sinking funds, moneys or […]
Section 360.130 – Facilities not public buildings.
Effective – 28 Aug 1975 360.130. Facilities not public buildings. — Facilities shall not be considered to be public buildings, structures, grounds, works, or improvements and shall not be subject to any requirements relating to public buildings, structures, grounds, works, or improvements imposed by the laws of this state or any other similar requirements which […]
Section 360.135 – Authority to be tax exempt — proceeds of bonds tax exempt, exception.
Effective – 28 Aug 1975 360.135. Authority to be tax exempt — proceeds of bonds tax exempt, exception. — The authority is hereby declared to be performing a public function in behalf of the state and to be a public instrumentality of the state. Accordingly, the authority shall not be required to pay any taxes […]
Section 360.140 – Authority assigned to the office of administration — report to director required.
Effective – 28 Aug 1986 360.140. Authority assigned to the office of administration — report to director required. — The health and educational facilities authority is assigned to the office of administration. The authority shall annually, on or before February first of each year, file with the office of administration a report of its previous […]
Section 360.114 – Authority to determine grant amount, actual cost of issuance, when — transfers to be at no cost to school district.
Effective – 27 Jun 1995 360.114. Authority to determine grant amount, actual cost of issuance, when — transfers to be at no cost to school district. — 1. On or before July 1, 1997, and every two years thereafter, the authority shall determine the weighted average, actual cost of issuance percentage for issuances under section […]
Section 360.115 – Proceeds of bond sales and fees collected are not revenue of the state.
Effective – 28 Aug 1975 360.115. Proceeds of bond sales and fees collected are not revenue of the state. — The proceeds of all bonds issued by the authority and of all fees permitted to be charged by the authority under sections 360.010 to 360.140 shall not be considered to be part of the revenue […]
Section 360.116 – Payment of grants, procedure — refunding or refinancing existing bonds, net present value savings amount.
Effective – 27 Jun 1995 360.116. Payment of grants, procedure — refunding or refinancing existing bonds, net present value savings amount. — 1. Payment of grants under sections 360.111 to 360.118 shall be made from funds appropriated for such purpose under section 164.303. Payment shall be authorized by the commissioner of education upon receipt of […]
Section 360.117 – Funding for grants less than amount of grants distributable, first priority construction or renovation projects.
Effective – 27 Jun 1995 360.117. Funding for grants less than amount of grants distributable, first priority construction or renovation projects. — If the amount of funding available for grants under sections 360.111 to 360.118 is less than the total amount of grants distributable under sections 360.111 to 360.118 for qualifying issues, first priority for […]
Section 360.118 – Authority’s power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.
Effective – 27 Jun 1995 360.118. Authority’s power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement. — 1. The authority may invest any funds held pursuant to powers granted under sections 360.111 to 360.118, which are not required for immediate disbursement, in any investment […]