Section 215.070

Title XII PUBLIC HEALTH AND WELFARE

Chapter 215

Effective - 28 Aug 1985   

  215.070.  Debt service reserve fund — deposits to — investment of. — The commission may establish a special fund to be known as the "Debt Service Reserve Fund", and shall pay into such debt service reserve fund:

  (1)  Any moneys appropriated and made available by the state for the purposes of such fund;

  (2)  Any proceeds from the sale of bonds by the commission, to the extent provided in the resolution of the commission authorizing the issuance thereof; and

  (3)  Any other moneys which may be made available to the commission for the purpose of such fund from any other source or sources.  

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All moneys held in the debt service reserve fund shall be invested in accordance with subdivision (9) of section 215.030 and as the commission may by resolution determine.

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(L. 1969 H.B. 130 § 12, A.L. 1972 H.B. 1259, A.L. 1974 H.B. 1190, A.L. 1975 H.B. 949, A.L. 1985 H.B. 484)