Missouri Revised Statutes













Chapter 100

Industrial Development

←100.281

Section 100.282.1

100.286→

August 28, 2015

Limitations on approval of loans.

100.282. The Missouri development finance board, the Missouri health and

educational* facilities authority, the Missouri higher education loan

authority, the Missouri housing development commission, and the environmental

improvement and energy resources authority shall only approve loan requests

from the state, any agency or department of the state, or any state

educational institution if the borrower's means of repayment is readily

ascertainable and reliable. With the exception of annual appropriation debt

for state-owned property, the entities listed in this section shall not

approve such requests if the means of repayment is contingent upon state

funding that has not been granted, unless the project has been approved by

concurrent resolution of the general assembly, or similar legislative

directive or approval.



(L. 2006 S.B. 718)



*Word "education" appears in original rolls.







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