Section 360.010 – Short title.
Effective – 28 Aug 1975 360.010. Short title. — Sections 360.010 to 360.140 may be referred to and cited as the “Missouri Health and Educational Facilities Authority Act”. ——– (L. 1975 H.B. 70 § 27)
Section 360.015 – Definitions.
Effective – 28 Aug 1999 360.015. Definitions. — As used in sections 360.010 to 360.140, unless the context clearly requires otherwise, the following terms mean: (1) “Authority”, the health and educational facilities authority of the state of Missouri created by sections 360.010 to 360.140; (2) “Costs”, as applied to health or educational facilities financed in […]
Section 360.020 – Authority established — membership, terms — vacancy, how filled — removal of member, when.
Effective – 28 Aug 1975 360.020. Authority established — membership, terms — vacancy, how filled — removal of member, when. — There is hereby created a body politic and corporate to be known as the “Health and Educational Facilities Authority of the State of Missouri”. The authority is hereby constituted a public instrumentality and body […]
Section 360.025 – Meetings to be open — quorum — notice — expenses of members.
Effective – 28 Aug 1988 360.025. Meetings to be open — quorum — notice — expenses of members. — Four members of the authority shall constitute a quorum for the purpose of conducting business. The exercise of the powers of the authority and action may be taken by the authority upon the affirmative vote of […]
Section 360.030 – Officers of authority, how selected — powers and duties, how fixed.
Effective – 28 Aug 1975 360.030. Officers of authority, how selected — powers and duties, how fixed. — The member of the authority designated by the governor for the purpose shall call and convene the initial organizational meeting of the authority and shall serve as its chairman pro tem. At the initial meeting and annually […]
Section 360.035 – Bond required, amount of.
Effective – 28 Aug 1975 360.035. Bond required, amount of. — Each member of the authority shall execute a surety bond in the penal sum of fifty thousand dollars or, in lieu thereof, the chairman of the authority shall execute a blanket bond covering each member and the employees or other officers of the authority, […]
Section 360.040 – Conflict of interest not applicable, when.
Effective – 28 Aug 1988 360.040. Conflict of interest not applicable, when. — Any other provision of the law to the contrary notwithstanding, it shall not be or constitute a conflict of interest for a trustee, director, officer, employee, owner or partner of any health institution, educational institution, financial institution, investment banking firm, brokerage firm, […]
Section 360.045 – Powers of authority — transfer of moneys to rebuild damaged infrastructure fund.
Effective – 05 Jul 2013 *360.045. Powers of authority — transfer of moneys to rebuild damaged infrastructure fund. — 1. The authority shall have the following powers together with all powers incidental thereto or necessary for the performance thereof: (1) To have perpetual succession as a body politic and corporate; (2) To adopt bylaws for […]
Section 360.046 – Missouri college savings bonds, purpose, guidelines established by authority.
Effective – 28 Aug 1988 360.046. Missouri college savings bonds, purpose, guidelines established by authority. — 1. Other provisions of law to the contrary notwithstanding, whenever the authority issues its bonds, notes or other evidences of indebtedness pursuant to sections 360.010 to 360.140, the authority may designate all or a portion of such bonds, notes […]
Section 360.047 – Power of authority in issuance of bonds, notes or indebtedness — authority to conduct public hearings, when.
Effective – 28 Aug 1999 360.047. Power of authority in issuance of bonds, notes or indebtedness — authority to conduct public hearings, when. — 1. The authority shall have the power to assist, coordinate and participate with governmental authorities and issuers of states other than the state of Missouri (out-of-state issuers) in connection with issuance […]
Section 360.050 – Authority must act as lessor only — term of lease — rentals, how set.
Effective – 28 Aug 1975 360.050. Authority must act as lessor only — term of lease — rentals, how set. — The authority shall not have the power to operate any facility or facilities as a business other than as a lessor. Any lease of any facility or facilities entered into pursuant to the provisions […]
Section 360.055 – Acquisition of property authorized — participating health or educational institution, power to borrow funds from authority.
Effective – 28 Aug 1988 360.055. Acquisition of property authorized — participating health or educational institution, power to borrow funds from authority. — 1. The authority is authorized and empowered directly, or by or through a participating health institution or participating educational institution, as the case may be, acting as an agent of the authority, […]
Section 360.060 – Bonds, form of, terms — how sold.
Effective – 28 Aug 1999 360.060. Bonds, form of, terms — how sold. — Bonds of the authority may be issued as serial bonds, as term bonds, or as a combination of both types. All bonds issued by the authority shall be payable solely out of the revenues and receipts derived from the leasing or […]
Section 360.065 – Subsequent or additional issues of bonds, when — refunding bonds, when.
Effective – 28 Aug 1988 360.065. Subsequent or additional issues of bonds, when — refunding bonds, when. — Issuance by the authority of one or more series of bonds for one or more than one purpose shall not preclude it from issuing other bonds in connection with the same facility or facilities, any other facility […]
Section 360.070 – Bonds and interest coupons declared negotiable instruments.
Effective – 28 Aug 1975 360.070. Bonds and interest coupons declared negotiable instruments. — All bonds of the authority and the interest coupons applicable thereto are hereby made and shall be construed to be negotiable instruments. ——– (L. 1975 H.B. 70 § 12)
Section 360.075 – Bonds, how secured.
Effective – 28 Aug 1975 360.075. Bonds, how secured. — 1. The principal of and interest on any bonds issued by the authority shall be secured by a pledge of the revenues, rentals, and receipts out of which the same shall be made payable and may be secured by a trust indenture or mortgage or […]
Section 360.080 – Bonds not an obligation of the state.
Effective – 28 Aug 1975 360.080. Bonds not an obligation of the state. — Bonds issued under the provisions of sections 360.010 to 360.140 shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof or a pledge of the full faith and credit of the state […]
Section 360.085 – Income of authority tax exempt — bonds deemed to be securities issued by public instrumentality.
Effective – 28 Aug 1975 360.085. Income of authority tax exempt — bonds deemed to be securities issued by public instrumentality. — 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 income of the authority and all […]
Section 360.090 – Authority to be self-supporting, exception.
Effective – 28 Aug 1975 360.090. Authority to be self-supporting, exception. — All expenses of the authority incurred in carrying out the provisions of sections 360.010 to 360.140 shall be payable solely from funds provided under the provisions of sections 360.010 to 360.140, and no liability shall be incurred by the authority beyond the extent […]
Section 360.095 – Initial planning service fee, amount of, how determined — proration of fee, when.
Effective – 28 Aug 1975 360.095. Initial planning service fee, amount of, how determined — proration of fee, when. — 1. When an application is made to the authority by any health institution or educational institution for financial assistance, the application shall be accompanied by an “initial planning service fee” in an amount determined by […]