8.552. Authority to determine deposit and withdrawal of moneys. - Missouri Statutes

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Statutes > Missouri > T02 > C008 > 8_552

Authority to determine deposit and withdrawal of moneys.

8.552. Moneys of the authority, except as otherwise provided insections 8.500 to 8.565 or specified in a trust indenture or resolutionpursuant to which the bonds are issued, shall be paid to the authority andshall be deposited in such manner as shall be determined by the authority.The moneys shall be withdrawn on the order of the authority or itsdesignee. All moneys of the authority or moneys held by the authorityshall be invested and held in the name of the authority, whether they areheld for the benefit, security, or future payment to holders of bonds or tothe state.

(L. 2002 S.B. 1191)
Effective 6-07-02
*Section terminates upon satisfaction of all outstanding notes and obligations issued pursuant to sections 8.500 to 8.590. See section 8.589.

State Codes and Statutes

Statutes > Missouri > T02 > C008 > 8_552

Authority to determine deposit and withdrawal of moneys.

8.552. Moneys of the authority, except as otherwise provided insections 8.500 to 8.565 or specified in a trust indenture or resolutionpursuant to which the bonds are issued, shall be paid to the authority andshall be deposited in such manner as shall be determined by the authority.The moneys shall be withdrawn on the order of the authority or itsdesignee. All moneys of the authority or moneys held by the authorityshall be invested and held in the name of the authority, whether they areheld for the benefit, security, or future payment to holders of bonds or tothe state.

(L. 2002 S.B. 1191)
Effective 6-07-02
*Section terminates upon satisfaction of all outstanding notes and obligations issued pursuant to sections 8.500 to 8.590. See section 8.589.

State Codes and Statutes

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State Codes and Statutes

Statutes > Missouri > T02 > C008 > 8_552

Authority to determine deposit and withdrawal of moneys.

8.552. Moneys of the authority, except as otherwise provided insections 8.500 to 8.565 or specified in a trust indenture or resolutionpursuant to which the bonds are issued, shall be paid to the authority andshall be deposited in such manner as shall be determined by the authority.The moneys shall be withdrawn on the order of the authority or itsdesignee. All moneys of the authority or moneys held by the authorityshall be invested and held in the name of the authority, whether they areheld for the benefit, security, or future payment to holders of bonds or tothe state.

(L. 2002 S.B. 1191)
Effective 6-07-02
*Section terminates upon satisfaction of all outstanding notes and obligations issued pursuant to sections 8.500 to 8.590. See section 8.589.