Missouri Laws 257.340 – Use of money received as aid from public agency
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1. The board of trustees, in accepting financial aid from the United States government, the state, any public corporation or any person for the purposes of the district, shall place the funds in the aid fund, to be expended only for the specific purposes for which they were given. If any surplus remains after the accomplishment of such specific purpose, the balance may be transferred to the general fund.
2. Any public corporation may aid a district whenever its appropriating body duly makes appropriations therefor.
Terms Used In Missouri Laws 257.340
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: person, firm, copartnership, association or corporation. See Missouri Laws 257.020
- Public corporation: counties, townships, cities, towns, villages, all special districts, and all other governmental agencies. See Missouri Laws 257.020
- 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
- United States: includes such district and territories. See Missouri Laws 1.020