Missouri § 198.310 - Indebtedness for nursing home — election — ballot — limits — tax to pay.
Full text of Missouri Revised Statutes of Missouri § 198.310 — Indebtedness for nursing home — election — ballot — limits — tax to pay., with citation guidance and answers to common questions.
§ 198.310. Indebtedness for nursing home — election — ballot — limits — tax to pay.
1. For the purpose of purchasing nursing home district sites, erecting nursing homes and related facilities and furnishing the same, building additions to and repairing old buildings, the board of directors may borrow money and issue bonds for the payment thereof in the manner provided herein. The question of the loan shall be submitted by an order of the board of directors of the district. Notice of the submission of the question, the amount and the purpose of the loan shall be given as provided in section 198.250.
2. The question shall be submitted in substantially the following form:
Shall the ______ Nursing Home District borrow money in the amount of ______ dollars for the purpose of ______ and issue bonds in payment thereof?
3. If the constitutionally required percentage of the votes cast are for the loan, the board shall, subject to the restrictions of subsection 4, be vested with the power to borrow money in the name of the district, to the amount and for the purposes specified on the ballot, and issue the bonds of the district for the payment thereof.
4. The loans authorized by this section shall not be contracted for a period longer than twenty years, and the entire amount of the loan shall at no time exceed, including the existing indebtedness of the district, in the aggregate, ten percent of the value of taxable tangible property therein, as shown by the last completed assessment for state and county purposes, the rate of interest to be agreed upon by the parties, but in no case to exceed the highest legal rate allowed by contract; when effected, it shall be the duty of the directors to provide for the collection of an annual tax sufficient to pay the interest on the indebtedness as it falls due, and also to constitute a sinking fund for the payment of the principal thereof within the time the principal becomes due.
--------
(L. 1963 p. 368 § 13, A.L. 1978 H.B. 971, A.L. 2013 S.B. 89)
---- end of effective 28 Aug 2013 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 198.310
What does Revised Statutes of Missouri § 198.310 cover?
Section 198.310 ("Indebtedness for nursing home — election — ballot — limits — tax to pay.") 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 § 198.310?
A common citation format is "Revised Statutes of Missouri § 198.310" (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 § 198.310 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.