Missouri § 260.120 - Interest rate on loans.

Full text of Missouri Revised Statutes of Missouri § 260.120 — Interest rate on loans., with citation guidance and answers to common questions.

§ 260.120. Interest rate on loans.

1.  The authority may set, from time to time, the interest rates at which it shall make loans, keeping its interest rates at the lowest level consistent with its cost of operation and its responsibilities to the holders of its bonds, bond anticipation notes, and other responsibilities.

2.  The ratio of loan to project cost and the amortization period of loans made by the authority shall be determined in accordance with regulations promulgated by the authority.

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(L. 1982 S.B. 506)

Effective 4-30-82

---- end of effective  30 Apr 1982 ----

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Frequently Asked Questions About Missouri § 260.120

What does Revised Statutes of Missouri § 260.120 cover?

Section 260.120 ("Interest rate on loans.") 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 § 260.120?

A common citation format is "Revised Statutes of Missouri § 260.120" (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 § 260.120 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.