Missouri Revised Statutes













Chapter 50

County Finances, Budget and Retirement Systems

←50.090

Section 50.095.1

50.100→

August 28, 2015

Notes not to issue until revenue estimate made--limitation on amount issued--form of note (first class counties).

50.095. In counties of the first class authorized to borrow in

anticipation of revenue pursuant to section 50.065, the notes authorized

pursuant to section 50.070 shall not be issued until after the anticipated

revenue for the year has been estimated, as herein provided in section

50.110. The total principal amount of such notes issued shall not exceed

ninety-five percent of the total anticipated revenue in any such county in any

one year but in no event shall said notes be issued if there be on hand

general revenues sufficient to pay the general operating expenses of the

county. Tax anticipation notes issued by counties of the first class

pursuant to sections 50.065 and 50.080 shall be entitled "(Name of county)

County Tax Anticipation Note" and shall not be further identified as to a

particular county fund or purpose.



(L. 1977 S.B. 314, A.L. 1986 H.B. 1554 Revision)







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