Missouri Laws 360.115 – Proceeds of bond sales and fees collected are not revenue of the state
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Terms Used In Missouri Laws 360.115
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- 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
The proceeds of all bonds issued by the authority and of all fees permitted to be charged by the authority under sections 360.010 to 360.140 shall not be considered to be part of the revenue of the state within the meaning of Article III, Section 36, of the Constitution of Missouri, shall not be required to be deposited into the state treasury, and shall not be subject to appropriation by the general assembly. The proceeds and fees shall remain under the exclusive control and management of the authority to be used as required pursuant to sections 360.010 to 360.140.