The board of fund commissioners shall determine whether any governmental entity has sufficient fund balances to redeem leasehold revenue bonds obligated under a federal desegregation action. If the board of fund commissioners determines that any governmental entity has sufficient fund balances to redeem or otherwise pay off such leasehold revenue bonds, the state board of education shall certify, under subdivision (5) of subsection 2 of section 160.415, that no amount is needed by such governmental entity to repay such bonds.
Mo. Rev. Stat. § 33.315
Leasehold revenue bonds, federal desegregation, board of fund commissioners..
Known as the Federal Mandate Auditor Act
The act spans §§ 33–33 (76 sections).
Applied in 1 court decision — leading case Jenkins v. Kansas City Missouri School District (2008)
Most recently applied in Jenkins v. Kansas City Missouri School District (February 2008)
Effective: 28 Aug 2004; (L. 2004 H.B. 795, et al. § 2)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.