Moneys of the authority, except as otherwise provided in sections 8.500 to 8.565 or specified in a trust indenture or resolution pursuant to which the bonds are issued, shall be paid to the authority and shall be deposited in such manner as shall be determined by the authority. The moneys shall be withdrawn on the order of the authority or its designee. All moneys of the authority or moneys held by the authority shall be invested and held in the name of the authority, whether they are held for the benefit, security, or future payment to holders of bonds or to the state.
Mo. Rev. Stat. § 8.552
Authority to determine deposit and withdrawal of moneys
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.