215.070. Debt service reserve fund — deposits to — investment of.
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/mo/chapter-215/215-070A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
215.070. Debt service reserve fund — deposits to — investment of. — The commission may establish a special fund to be known as the "Debt Service Reserve Fund", and shall pay into such debt service reserve fund:
(1)Any moneys appropriated and made available by the state for the purposes of such fund;
(2)Any proceeds from the sale of bonds by the commission, to the extent provided in the resolution of the commission authorizing the issuance thereof; and
(3)Any other moneys which may be made available to the commission for the purpose of such fund from any other source or sources.
All moneys held in the debt service reserve fund shall be invested in accordance with subdivision
(9)of section 215.030 and as the commission may by resolution determine.
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(L. 1969 H.B. 130 § 12, A.L. 1972 H.B. 1259, A.L. 1974 H.B. 1190, A.L. 1975 H.B. 949, A.L. 1985 H.B. 484)