Mo. Rev. Stat. » Chapter 33
Missouri Revised Statutes

Mo. Rev. Stat. § 33.315 (2026)

Leasehold revenue bonds, federal desegregation, board of fund commissioners to determine whether redemption is financially feasible

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  33.315.  Leasehold revenue bonds, federal desegregation, board of fund commissioners to determine whether redemption is financially feasible. — The board of fund commissioners shall determine whether any governmental entity has sufficient fund balances to redeem leasehold revenue bonds obligated under a federal desegregation action.  If the board of fund commissioners determines that any governmental entity has sufficient fund balances to redeem or otherwise pay off such leasehold revenue bonds, the state board of education shall certify, under subdivision (5) of subsection 2 of section 160.415, that no amount is needed by such governmental entity to repay such bonds.

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(L. 2004 H.B. 795, et al. § 2)

Notes of Decisions
Cited in 2 cases, 2008–2012 · leading case: Sch. Dist. of Kansas City v. Missouri Bd. of Fund Commissioners, 384 S.W.3d 238 (Mo. Ct. App. 2012).
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Sch. Dist. of Kansas City v. Missouri Bd. of Fund Commissioners, 384 S.W.3d 238 (Mo. Ct. App. 2012). · cites it 74× “” The State’s Actions after the School District Attained Unitary Status In April 2004, the Missouri Legislature enacted section 33.315 10 which provides: The board of fund commissioners shall determine whether any governmental entity has sufficient fund balances to redeem…”
Jenkins v. Kansas City Missouri Sch. Dist., 516 F.3d 1074 (8th Cir. 2008). “Mo.Rev.Stat. § 33.315. Pursuant to the statute, the BFC met in April 2005 to determine whether the KCMSD had sufficient funds to redeem the leasehold revenue bonds.”
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