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Mo. Rev. Stat. § 67.981

Notes authorized — sales — interest rate — to mature when

Known as the State-Local Technical Services Act

The act spans §§ 67–67 (560 sections).

Effective: 28 Aug 1983; (L. 1983 H.B. 788 § 6)

Pending the issuance of bonds, the commission may issue notes payable from the proceeds of such bonds or from such other sources as the commission may specify as in the case of bonds. Such notes shall mature in not more than five years and shall be sold at public or private sale as the commission may specify at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations. The other details with respect to such notes shall be determined by the commission as in the case of bonds.

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