Missouri Revised Statutes













Chapter 360

Missouri Health and Educational Facilities Act

←360.050

Section 360.055.1

360.060→

August 28, 2015

Acquisition of property authorized--participating health or educational institution, power to borrow funds from authority.

360.055. 1. The authority is authorized and empowered directly, or by or

through a participating health institution or participating educational

institution, as the case may be, acting as an agent of the authority, to

acquire by purchase, lease, gift, devise, or otherwise such lands,

structures, real or personal property, rights-of-way, franchises, easements,

and other interests in lands, including lands lying under water and riparian

rights which are located within or without the state, as the authority may

deem necessary or convenient for the construction or acquisition or operation

of any facility or facilities, but only upon such terms as may be considered

by the authority to be reasonable, and to take title thereto in the name of

the authority or in the name of the participating health institution or the

participating educational institution, as the case may be, as the agent of

the authority.



2. Notwithstanding any other provisions of law to the contrary, all

partnerships, limited partnerships, joint ventures or other entities or any

public association, corporation or institution which is, or is owned or

operated by, any political subdivision of the state of Missouri, which

constitutes a participating educational institution or a participating health

institution pursuant to section 360.015 shall have the power to borrow funds

from the authority or otherwise finance through the authority pursuant to

sections 360.010 to 360.140, to furnish a security interest in any of their

revenues or properties to secure the borrowings, to issue notes or other

evidence of indebtedness to evidence thereof upon such terms as such

borrowing entity shall determine and to enter into leases, contracts, loan

agreements and other instruments with the authority in connection therewith.



(L. 1975 H.B. 70 § 9, A.L. 1988 H.B. 1456)







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.