Missouri § 50.065 - Borrowing by first class counties authorized, limitations on — tax anticipation warrants, procedure for issue and redemption.
Full text of Missouri Revised Statutes of Missouri § 50.065 — Borrowing by first class counties authorized, limitations on — tax anticipation warrants, procedure for issue and redemption., with citation guidance and answers to common questions.
§ 50.065. Borrowing by first class counties authorized, limitations on — tax anticipation warrants, procedure for issue and redemption.
The county commission or other governing body of counties of the first class may borrow money in anticipation of the collection of taxes and revenues for the current fiscal year. The amount of such loans shall at no time exceed ninety-five percent of the estimated collectible taxes and revenues for the year yet uncollected. The county commission or other governing body of the county shall determine the amount and terms of such loans, and shall execute and issue warrants of the county for all money so borrowed to the lenders thereof as evidence of such loans and of the terms of the county's obligation to repay the same; and immediately before their delivery to such lenders such warrants shall be registered in the office of the clerk of the county commission or of any other governing body of the county, and upon delivery shall also be registered in the office of the county treasurer by entry upon the books provided pursuant to section 50.220, correctly stating the date, amount, serial number, in whose favor drawn, by whom presented and the date presented to the treasurer for registration, and such warrants so issued and registered in connection with such loans shall have preference and priority in payment, from the date of their registration by the treasurer, over all warrants subsequently issued, and over all prior issued and then unregistered warrants.
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(L. 1965 p. 154 § 1, A.L. 1977 S.B. 314)
---- end of effective 28 Aug 1977 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 50.065
What does Revised Statutes of Missouri § 50.065 cover?
Section 50.065 ("Borrowing by first class counties authorized, limitations on — tax anticipation warrants, procedure for issue and redemption.") 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 § 50.065?
A common citation format is "Revised Statutes of Missouri § 50.065" (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 § 50.065 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.