108.908. Third state building bond interest and sinking fund created, how used.
Third state building bond interest and sinking fund created, how used.
108.908. There is hereby created in and for the statetreasury of the state of Missouri a fund to be known anddesignated as "The Third State Building Bond Interest andSinking Fund". Upon the issuance of the bonds or any portionthereof, the state board of fund commissioners shall notify thecommissioner of administration of the amount of money required,in the remaining portion of the fiscal year during which thebonds are issued, for the payment of interest on the bonds, andof the amount of money required for the payment of interest onthe bonds in the next succeeding fiscal year, and to pay thebonds as they mature. Thereafter, within thirty days after thebeginning of each fiscal year, the state board of fundcommissioners shall notify the commissioner of administration ofthe amount of money required for the payment of interest on thebonds in the next succeeding fiscal year, and to pay the bondsas they mature. Thereafter, within thirty days after thebeginning of each fiscal year, the state board of fundcommissioners shall notify the commissioner of administration ofthe amount of money required for the payment of interest on thebonds in the next succeeding fiscal year and to pay the bondsmaturing in such next succeeding fiscal year. The commissionerof administration shall transfer, at least monthly, from thestate revenue fund, after deducting therefrom the proportionatepart thereof appropriated for the support of the free publicschools, and to the credit of the third state building bondinterest and sinking fund such sum as may be necessary from timeto time until there is transferred to the fund the amount socertified to him by the state board of fund commissioners, ashereinabove provided.
(L. 1982 2nd Ex. Sess. S.B. 1 § 9)Effective 12-20-82