Missouri Revised Statutes
Mo. Rev. Stat. § 108.010 (2026)
County may become indebted, when
✓ laws through the 2026 session (checked Sept. 2026)
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108.010. County may become indebted, when — limitation. — 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.
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(L. 1945 p. 597 § 3292, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)
Notes of Decisions
Cited in 3
cases, 1968–1992 · leading case: State v. Knapp, 843 S.W.2d 345 (Mo. 1992).
State v. Knapp, 843 S.W.2d 345 (Mo. 1992). “024, does have a legislatively enacted title, which states: “An act to repeal sections 108.010 ... and 565.024 ... relating to unborn children and abortion, and to enact in lieu thereof twenty new sections relating to the same subject.”
Edwards v. St. Louis Cnty., 429 S.W.2d 718 (Mo. 1968). “597, RSMo 1949, § 108.010, § 108.080) the legislature re-enacted these sections, with no specific limitation on the purposes for which the bonds might be issued, but it thereby limited the interest rate to ‘‘not exceeding four per cent.”
Fulton Nat'l Bank v. Callaway Mem'l Hosp., 465 S.W.2d 549 (Mo. 1971). “no county may “lend its credit” to any private individual, or become indebted except as already indicated in § 108.010 (Article VI, Section 26(a)). *552 Section 432.”
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