Notwithstanding any other provision of law, the authority shall not have the power or authority to cause any asset of the authority to be used for the payment of debt incurred by the state, and the authority shall not have the power or authority to distribute any asset of the authority to any fund of the state of Missouri for the purpose of payment of debt incurred by the state.
Mo. Rev. Stat. § 173.386
Assets may not be used for payment of debt
Known as the Higher Education Student Funding Act
The act spans §§ 173–173 (149 sections).
Effective: 28 Aug 2007; (L. 2007 S.B. 389)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.