Revisor Home

Title XVI CONSERVATION, RESOURCES AND DEVELOPMENT

Chapter 260

previous next Effective - 30 Apr 1982, see footnotebottom

  260.115.  Loans for energy resource development, requirements — fee charged, when — deposit in and use of energy resources insured loan fund. — 1.  All loans authorized under section 260.035 for the development of energy resources shall be made only upon determination by the authority that loans are not otherwise available, either wholly or in part, from private lenders upon reasonably equivalent terms and conditions.  No commitment for a loan shall be made unless all plans for development have been completed and submitted to and found to be satisfactory by the authority.

  2.  The authority shall charge a reasonable fee on all loans not federally insured to insure such loans.  The proceeds of such fees shall be deposited in a separate fund to be known as the "Energy Resources Insured Loan Fund".  The provisions of section 33.080 to the contrary notwithstanding, money in this fund shall not be transferred and placed to the credit of general revenue.  This fund shall be deposited when received in a bank approved for deposit of state funds.  No moneys shall be withdrawn from the fund unless it is to be used for the purchase of loan insurance or to pay for any losses on such loans.

­­--------

(L. 1982 S.B. 506)

Effective 4-30-82


---- end of effective   30 Apr 1982 ----

use this link to bookmark section  260.115


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@01:14:26.6 19