GroundRules
← Search the law
Missouri · Through 2026 legislative session (floor)

Mo. Rev. Stat. § 360.090: Authority to be self-supporting, exception.

Read at publisher ↗
Where this section sits in the code
  1. Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
  2. Chapter 360 - Missouri Health and Educational Facilities Act

All expenses of the authority incurred in carrying out the provisions of sections 360.010 to 360.140 shall be payable solely from funds provided under the provisions of sections 360.010 to 360.140, and no liability shall be incurred by the authority beyond the extent to which moneys shall have been provided under sections 360.010 to 360.140, except that, for the purpose of meeting the necessary expenses of initial organization and operation until such date as the authority derives moneys from funds provided hereunder. The authority shall be empowered to borrow such moneys as may be required for the necessary expenses of initial organization and operation. The borrowed moneys shall be repaid within a reasonable time after the authority receives funds as provided in sections 360.010 to 360.140 and shall be repaid solely from such funds.

Collected 2026-09-03T22:23:27Z. Source file · JSON

Browse this collection