Missouri § 173.120 - State guaranty student loan fund established — purpose — no transfers from fund, exception — appropriations not to lapse.
Full text of Missouri Revised Statutes of Missouri § 173.120 — State guaranty student loan fund established — purpose — no transfers from fund, exception — appropriations not to lapse., with citation guidance and answers to common questions.
§ 173.120. State guaranty student loan fund established — purpose — no transfers from fund, exception — appropriations not to lapse.
1. The "State Guaranty Student Loan Fund" is established and shall consist of money appropriated to it by the general assembly, charges, gifts, grants and bequests from federal, private or other sources made for the purpose of assisting students in financing their education. Notwithstanding the provisions of section 33.080, no portion of the fund shall be transferred to the general revenue fund, except that in appropriations made for the fiscal year beginning July 1, 1982, the general assembly shall transfer six hundred thousand dollars from the fund to the general revenue fund, and any appropriation made to the fund shall not lapse, but the board shall hold the fund in the same manner as the curators of the University of Missouri and the other state educational institutions are directed to hold funds not subject to lapse or transfer.
2. All moneys recovered by the department for payments made on previously defaulted guaranteed loans shall be paid promptly into the state treasury and credited to the fund.
3. The fund shall be administered by the department.
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(L. 1967 1st Ex. Sess. p. 894 § 4, A.L. 1978 H.B. 891, A.L. 1982 S.B. 831)
Effective 4-30-82
---- end of effective 30 Apr 1982 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 173.120
What does Revised Statutes of Missouri § 173.120 cover?
Section 173.120 ("State guaranty student loan fund established — purpose — no transfers from fund, exception — appropriations not to lapse.") 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 § 173.120?
A common citation format is "Revised Statutes of Missouri § 173.120" (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 § 173.120 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.