Missouri § 92.915 - Accounts, how kept — expenditures, priority of.

§ 92.915. Accounts, how kept — expenditures, priority of.

1.  The land reutilization authority shall set up accounts on its books relating to the operation, management, or other expense of each individual parcel of real estate.

2.  When any parcel of real estate is sold or otherwise disposed of by the land reutilization authority, the proceeds therefrom shall be applied and distributed in the following order, except as provided for in section 92.900:

(1)  To the payment of the expenses of sale, the costs of the care, improvement, operation, acquisition, demolition, management, and administration of such parcels of real estate as determined by the land reutilization commissioners and apportioned to such parcel;

(2)  The balance to be paid to the respective taxing authorities and tax bill owners, if any, in the proportion that the principal amounts of the tax bills of each such party bears to the total principal amount of all the tax bills included in the original judgment relating to such parcel of real estate and in the order of their respective priorities.  

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(L. 1971 H.B. 472 § 42, A.L. 1984 H.B. 1500)

---- end of effective  28 Aug 1984 ----

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