Mo. Rev. Stat. § 100.830
This is the official text of Mo. Rev. Stat. § 100.830, part of Missouri’s Rev. Stat — part of the compiled statutory law of Missouri, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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100.830 Special fund, purposes — certification by employer.
Official statutory text
100.830. Special fund, purposes — certification by employer. — 1. The board shall establish a special fund for and in the name of each project. All received by the board in respect of the project and required by the agreement to be used to pay program costs for the project shall be deposited in the special fund. Amounts held in the special fund may be used and disbursed by the board only to pay program costs for the project.
2. Any disbursement in respect of a project pursuant to the provisions of sections 100.700 to 100.850 , and the special fund into which it is paid, may be irrevocably pledged by the board for the payment of the principal of, premium, if any, and interest on the certificate issued by the board to finance or refinance, in whole or in part, the project.
3. The employer shall certify to the department of revenue that the assessment is in accordance with an agreement and shall provide other information the department may require.
4. If an agreement provides that all or part of program costs are to be met by receipt of assessments, the provisions of this section shall also apply to any successor to the original employer until such time as the principal and interest on the certificates have been paid.
(L. 1996 H.B. 1237 § 20)
2. Any disbursement in respect of a project pursuant to the provisions of sections 100.700 to 100.850 , and the special fund into which it is paid, may be irrevocably pledged by the board for the payment of the principal of, premium, if any, and interest on the certificate issued by the board to finance or refinance, in whole or in part, the project.
3. The employer shall certify to the department of revenue that the assessment is in accordance with an agreement and shall provide other information the department may require.
4. If an agreement provides that all or part of program costs are to be met by receipt of assessments, the provisions of this section shall also apply to any successor to the original employer until such time as the principal and interest on the certificates have been paid.
(L. 1996 H.B. 1237 § 20)
Status: in_force · Read it on the official government site
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