Missouri § 360.118 - Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.
Full text of Missouri Revised Statutes of Missouri § 360.118 — Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement., with citation guidance and answers to common questions.
§ 360.118. Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.
1. The authority may invest any funds held pursuant to powers granted under sections 360.111 to 360.118, which are not required for immediate disbursement, in any investment approved by the authority; provided, however, that each school district shall receive the earnings, or a credit for such earnings, for any such amounts invested which are attributable to the district.
2. Nothing in sections 360.106 and 360.111 to 360.118 shall be construed to apply to obligations issued to finance new lease purchase agreements.
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(L. 1995 S.B. 301 § 360.111 subsec. 11 & § 1)
Effective 6-27-95
---- end of effective 27 Jun 1995 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 360.118
What does Revised Statutes of Missouri § 360.118 cover?
Section 360.118 ("Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.") 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 § 360.118?
A common citation format is "Revised Statutes of Missouri § 360.118" (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 § 360.118 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.