Missouri Laws 108.500 – Definitions
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As used in sections 108.500 to 108.532, the following terms mean:
(1) “Code”, the Internal Revenue Code of 1986;
Terms Used In Missouri Laws 108.500
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
(2) “Director”, director of the department of economic development or his designee;
(3) “Issuers”, state agencies, cities, counties and other entities having authority to issue private activity bonds;
(4) “Private activity bonds”, private activity bonds within the meaning of Sections 141, 146(g) and 146(i) of the Code;
(5) “State ceiling”, the aggregate amount of private activity bonds, the interest on which is excludable from federal gross income pursuant to Section 103(a) of the Code, which may be issued within the state of Missouri during any calendar year commencing after 1987 in accordance with Section 146 of the Code.