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2012 Missouri Revised Statutes
TITLE VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 108 Bond Issues, Miscellaneous Provisions
Section 108.010 County may become indebted, when--limitation.
Universal Citation:
MO Rev Stat § 108.010 (2012)
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County may become indebted, when--limitation.
108.010. Any county in this state, by vote of the constitutionally required percentage of the voters voting thereon, may become indebted in an amount exceeding in any year the income and revenue provided for such year plus any unencumbered balances from previous years. Such indebtedness shall not exceed five percent of the value of taxable tangible property therein as shown by the last completed assessment for state and county purposes.
(L. 1945 p. 597 3292, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)
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