Public-domain · open source
OpenJurist

Mo. Rev. Stat. § 360.090

Authority to be self-supporting, exception

Known as the Missouri Health and Educational Facilities Authority Act

The act spans §§ 360–360 (40 sections).

Effective: 28 Aug 1975; (L. 1975 H.B. 70 § 16)

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 to which moneys shall have been provided under sections 360.010 to 360.140, except that, for the purpose of meeting the necessary expenses of initial organization and operation until such date as the authority derives moneys from funds provided hereunder. The authority shall be empowered to borrow such moneys as may be required for the necessary expenses of initial organization and operation. The borrowed moneys shall be repaid within a reasonable time after the authority receives funds as provided in sections 360.010 to 360.140 and shall be repaid solely from such funds.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.