Missouri Laws 67.1882 – Contracting, borrowing and agreement authority of the district
Current as of: 2023 | Check for updates
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1. A district may contract and incur obligations appropriate to accomplish its purposes.
2. A district may enter into any lease or lease-purchase agreement for or with respect to any real or personal property necessary or convenient for its purposes.
Terms Used In Missouri Laws 67.1882
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
3. A district may borrow money for its purposes at such rates of interest as the district may determine.
4. A district may enter into labor agreements, establish all bid conditions, decide all contract awards, pay all contractors and generally supervise the operation of the district.