The authority is hereby declared to be performing a public function and to be a separate public instrumentality of the state. Accordingly, the income of the authority and all properties at any time owned by the authority shall be exempt from all taxation in the state of Missouri. For the purposes of section 409.402, all bonds or other forms of indebtedness issued by the authority shall be deemed to be securities issued by a separate public instrumentality of the state of Missouri.
Mo. Rev. Stat. § 173.415
Tax exemptions, income and property of authority — bonds exempt from..
Known as the Higher Education Student Funding Act
The act spans §§ 173–173 (149 sections).
Effective: 28 Aug 1994; (L. 1981 H.B. 326, A.L. 1994 S.B. 583)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.