Missouri § 162.1061 - Transfer corporations (metropolitan schools), computation of state aid.
Full text of Missouri Revised Statutes of Missouri § 162.1061 — Transfer corporations (metropolitan schools), computation of state aid., with citation guidance and answers to common questions.
§ 162.1061. Transfer corporations (metropolitan schools), computation of state aid.
Other provisions of law to the contrary notwithstanding, a transfer corporation formed pursuant to section 162.1060 shall receive state aid as calculated in this section:
(1) For purposes of determining weighted average daily attendance pursuant to section 163.011 and for the purposes of determining state aid pursuant to sections 163.031, 163.043, and 163.087 and any other source of state aid distributed on a per-pupil basis, students attending a district other than their district of residence pursuant to a court-approved transfer program shall be credited to, and all related per-pupil aid shall be paid to, the transfer corporation instead of to any other district. The weighted average daily attendance and state aid calculation for the transfer corporation shall be treated on the same basis as the calculation for a separate school district; and
(2) For the eighth year of operation and thereafter, the transfer corporation shall receive transportation state aid for each student that participates in the transfer program in the amount of one hundred fifty-five percent of the statewide average per-pupil cost for transportation for the second preceding school year provided that such aid shall not exceed seventy-five percent of necessary transportation costs.
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(L. 2005 S.B. 287 § 3)
Effective 7-01-06
---- end of effective 01 Jul 2006 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 162.1061
What does Revised Statutes of Missouri § 162.1061 cover?
Section 162.1061 ("Transfer corporations (metropolitan schools), computation of state aid.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 162.1061?
A common citation format is "Revised Statutes of Missouri § 162.1061" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 162.1061 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.