Missouri § 50.040 - County commission may invest school funds, when and how.
Full text of Missouri Revised Statutes of Missouri § 50.040 — County commission may invest school funds, when and how., with citation guidance and answers to common questions.
§ 50.040. County commission may invest school funds, when and how.
Whenever there are outstanding any legal county revenue warrants of any county bearing six percent interest which will be redeemed by the taxes of the current year, and there are school moneys in the hands of the county treasurer belonging to the various districts which will not be required for the support of the public schools before the date when such revenue warrants will be paid, the county commissions are authorized to direct the county treasurer to invest such surplus school moneys in the revenue warrants, and hold them for the use and benefit of the school districts until the money for the redemption of such warrants is received into the county revenue fund, when such moneys shall be applied to their payment.
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(RSMo 1939 § 10430)
Prior revisions: 1929 § 9313; 1919 § 11224; 1909 § 10858
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 50.040
What does Revised Statutes of Missouri § 50.040 cover?
Section 50.040 ("County commission may invest school funds, when and how.") 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 § 50.040?
A common citation format is "Revised Statutes of Missouri § 50.040" (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 § 50.040 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.