Subject to the receipt of written approval of the board of public buildings, the authority may issue taxable bonds or tax-exempt bonds to provide for the implementation of sections 8.500 to 8.565 and may proceed with a securitization to maximize the transference of benefits and risks associated with the master settlement agreement.
Mo. Rev. Stat. § 8.540
Issuance of bonds authorized, when
Known as the Tobacco Settlement Financing Authority Act
The act spans §§ 8–8 (158 sections).
Effective: 07 Jun 2002, see footnote; (L. 2002 S.B. 1191)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.