Missouri § 260.115 - Loans for energy resource development, requirements — fee charged, when — deposit in and use of energy resources insured loan fund.
Full text of Missouri Revised Statutes of Missouri § 260.115 — Loans for energy resource development, requirements — fee charged, when — deposit in and use of energy resources insured loan fund., with citation guidance and answers to common questions.
§ 260.115. Loans for energy resource development, requirements — fee charged, when — deposit in and use of energy resources insured loan fund.
1. All loans authorized under section 260.035 for the development of energy resources shall be made only upon determination by the authority that loans are not otherwise available, either wholly or in part, from private lenders upon reasonably equivalent terms and conditions. No commitment for a loan shall be made unless all plans for development have been completed and submitted to and found to be satisfactory by the authority.
2. The authority shall charge a reasonable fee on all loans not federally insured to insure such loans. The proceeds of such fees shall be deposited in a separate fund to be known as the "Energy Resources Insured Loan Fund". The provisions of section 33.080 to the contrary notwithstanding, money in this fund shall not be transferred and placed to the credit of general revenue. This fund shall be deposited when received in a bank approved for deposit of state funds. No moneys shall be withdrawn from the fund unless it is to be used for the purchase of loan insurance or to pay for any losses on such loans.
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(L. 1982 S.B. 506)
Effective 4-30-82
---- end of effective 30 Apr 1982 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 260.115
What does Revised Statutes of Missouri § 260.115 cover?
Section 260.115 ("Loans for energy resource development, requirements — fee charged, when — deposit in and use of energy resources insured loan fund.") 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 § 260.115?
A common citation format is "Revised Statutes of Missouri § 260.115" (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 § 260.115 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.