A home equity program may be terminated only by approval of the local governing bodies of the municipality or county. In terminating the program, the governing commission shall refund the remaining balance of the guarantee fund, if any, after all potential liabilities have been satisfied, to the then current property taxpayers of all real property within the area of the commission in an equitable manner proportionate to the manner in which the guarantee fund was raised.
Mo. Rev. Stat. § 67.1642
Termination of existing program, how
Known as the State-Local Technical Services Act
The act spans §§ 67–67 (560 sections).
Effective: 28 Aug 1999; (L. 1999 S.B. 20)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.