Missouri Laws 253.250 – Revenue bonds not obligations of state
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Terms Used In Missouri Laws 253.250
- Department: the department of natural resources. See Missouri Laws 253.010
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
Bonds issued pursuant to sections 253.210 to 253.280 are not an indebtedness of the state of Missouri, or of the department of natural resources or of the individual members of the department of natural resources and are not an indebtedness within the meaning of any constitutional or statutory limitation on the incurring of indebtedness. Such bonds shall bear on the face thereof the following: “This is a revenue bond and not a general obligation bond.”