Missouri § 49.545 - Application of proceeds of bonds.
Full text of Missouri Revised Statutes of Missouri § 49.545 — Application of proceeds of bonds., with citation guidance and answers to common questions.
§ 49.545. Application of proceeds of bonds.
All moneys derived from any bonds issued pursuant to the provisions of sections 49.520 to 49.580 shall be applied solely to the purchase or erection of the land, buildings and necessary appurtenances thereto, provided that the moneys may be used to advance the payment of the interest on bonds during the first three years following date of issuance of the bonds.
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(L. 1961 p. 278 § 6)
---- end of effective 28 Aug 1961 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 49.545
What does Revised Statutes of Missouri § 49.545 cover?
Section 49.545 ("Application of proceeds of bonds.") 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 § 49.545?
A common citation format is "Revised Statutes of Missouri § 49.545" (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 § 49.545 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.