SB 839 -- USE OF SCHOOL FUNDS FOR PURCHASE OF LEASE-PURCHASE
PROPERTIES

Currently, when a school district buys a building that was
constructed under a lease-purchase agreement, it must use moneys
from its capital projects fund or undergo a reduction in its
state aid payment.  This bill exempts the Kingston K-14 School
District from the aid reduction for buying its currently leased
modular buildings with moneys from its incidental fund.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm