Missouri § 8.316 - Division to promulgate method to calculate replacement cost of buildings owned by public institutions of higher education.
Full text of Missouri Revised Statutes of Missouri § 8.316 — Division to promulgate method to calculate replacement cost of buildings owned by public institutions of higher education., with citation guidance and answers to common questions.
§ 8.316. Division to promulgate method to calculate replacement cost of buildings owned by public institutions of higher education.
The division of facilities management, design and construction shall promulgate a method to accurately calculate the replacement cost of all buildings owned by public institutions of higher education. The method shall be developed in cooperation with such institutions and shall include the necessary components and factors to accurately calculate a replacement cost. The division shall utilize a procedure to allow differences to be resolved and may include an alternative calculation where the original cost plus an inflation factor is utilized to determine a replacement cost value.
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(L. 1995 H.B. 622, A.L. 2014 H.B. 1299 Revision)
---- end of effective 28 Aug 2014 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 8.316
What does Revised Statutes of Missouri § 8.316 cover?
Section 8.316 ("Division to promulgate method to calculate replacement cost of buildings owned by public institutions of higher education.") 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 § 8.316?
A common citation format is "Revised Statutes of Missouri § 8.316" (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 § 8.316 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.