Missouri § 360.118 Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.

Missouri Statutes

§ 360.118 — Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.

Missouri § 360.118

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 360Missouri Health and Educational Facilities Act

This text of Missouri § 360.118 (Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 360.118 (2026).

Text

1.The authority may invest any funds held pursuant to powers granted under sections 360.111 to 360.118 , which are not required for immediate disbursement, in any investment approved by the authority; provided, however, that each school district shall receive the earnings, or a credit for such earnings, for any such amounts invested which are attributable to the district.

2.Nothing in sections 360.106 and 360.111 to 360.118 shall be construed to apply to obligations issued to finance new lease purchase agreements.

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1. The authority may invest any funds held pursuant to powers granted under sections 360.111 to 360.118 , which are not required for immediate disbursement, in any investment approved by the authority; provided, however, that each school district shall receive the earnings, or a credit for such earnings, for any such amounts invested which are attributable to the district.

2. Nothing in sections 360.106 and 360.111 to 360.118 shall be construed to apply to obligations issued to finance new lease purchase agreements.