Missouri § 243.561 - County commission to appropriate money to pay principal and interest on bonds — money collected to be deposited in separate fund, purpose.
Full text of Missouri Revised Statutes of Missouri § 243.561 — County commission to appropriate money to pay principal and interest on bonds — money collected to be deposited in separate fund, purpose., with citation guidance and answers to common questions.
§ 243.561. County commission to appropriate money to pay principal and interest on bonds — money collected to be deposited in separate fund, purpose.
A sufficient amount of the assessment levied under the provisions of sections 243.550 to 243.553 shall be appropriated by the county commissioners for the purpose of paying the principal and interest of the bonds and the same shall, when collected, be preserved in a separate fund for that purpose and no other. All bonds and coupons not paid at maturity shall bear interest at the rate of six percent per annum from maturity until paid, or until sufficient funds have been deposited at the place of payment, and the interest shall be appropriated by the county commission out of the penalties and interest collected on delinquent assessment or any other available funds of the district. Any expense incurred in paying the bonds and interest thereon, and a reasonable compensation to the bank or trust company for paying same, shall be paid out of other funds of the district collected for the purpose of meeting the expenses of administration.
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(L. 1993 S.B. 56 § 243.560 subsec. 3)
---- end of effective 28 Aug 1993 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 243.561
What does Revised Statutes of Missouri § 243.561 cover?
Section 243.561 ("County commission to appropriate money to pay principal and interest on bonds — money collected to be deposited in separate fund, purpose.") 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 § 243.561?
A common citation format is "Revised Statutes of Missouri § 243.561" (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 § 243.561 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.