The board of public buildings shall have the power to issue notes with a maturity of not more than one year from the date of issue for the purpose of preserving any expenditure of moneys from the state general revenue fund for reimbursement from the proceeds of any bonds issued pursuant to sections 8.500 to 8.565. The state may transfer to the board of public buildings funds designated in the state's budget for such expenditure for the purpose of securing such notes. The purpose for the issuance of such notes and the transfer of such moneys shall be to maximize the utilization of tax-exempt bonds by the tobacco settlement financing authority.
Mo. Rev. Stat. § 8.592
Issuance of notes, maturity dates — transfer of funds to secure notes
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.