Missouri § 360.050 - Authority must act as lessor only — term of lease — rentals, how set.
Full text of Missouri Revised Statutes of Missouri § 360.050 — Authority must act as lessor only — term of lease — rentals, how set., with citation guidance and answers to common questions.
§ 360.050. Authority must act as lessor only — term of lease — rentals, how set.
The authority shall not have the power to operate any facility or facilities as a business other than as a lessor. Any lease of any facility or facilities entered into pursuant to the provisions of sections 360.010 to 360.140 shall be for a term not shorter than the longest maturity of any bonds issued to finance the facility or facilities or a portion thereof and shall provide for rentals adequate to pay the principal of and interest on the bonds as the same fall due and to create and maintain such reserves and accounts for depreciation as the authority shall determine to be necessary.
--------
(L. 1975 H.B. 70 § 8)
---- end of effective 28 Aug 1975 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 360.050
What does Revised Statutes of Missouri § 360.050 cover?
Section 360.050 ("Authority must act as lessor only — term of lease — rentals, how set.") 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 § 360.050?
A common citation format is "Revised Statutes of Missouri § 360.050" (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 § 360.050 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.