reglab/housing_qa huggingface dataset:
MO Rev Stat § 215.080 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.080 - Commission to set interest rate.

Effective - 28 Aug 1969   215.080. Commission to set interest rate. — The commission may set from time to time the interest rates at which it shall make loans, keeping its interest rates at the lowest level consistent with the commission's cost of operation and its responsibilities to the holders of its bonds, bond anticipation notes and other responsibilities. ­­-------- (L. 1969 H.B. 130 § 13)
MO Rev Stat § 215.090 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.090 - Limited dividend approved — mortgagor's earnings limited — net earnings, how computed.

Effective - 28 Aug 1989   215.090. Limited dividend approved — mortgagor's earnings limited — net earnings, how computed. — With respect to an approved mortgagor which is a limited dividend corporation, the net earnings of such approved mortgagor shall be limited to an amount not to exceed a percentage per annum established by the commission of such approved mortgagor's equity in a development. The equity in a development shall consist of the difference between the amount of the mortgage loaned and the project cost or the difference between the mortgage as reduced by payment to principal and the project cost. The commission shall at the time of establishing such percentage consider such factors as financial risk, location of the development, proposed use of the residential facilities and management cost. The equity in any development may be increased by the actual cost of capital improvements approved by the commission and by reduction of the mortgage in payment to principal. Any acceleration of payment to principal shall be subject to prior approval of the commission. With respect to every development the commission shall, pursuant to rules and regulations adopted by it, establish such approved mortgagor's initial equity at the time of making the final mortgage advance. Such net earnings shall be computed after deducting from gross earnings the following:  (1) All costs and expenses of maintenance and operation;  (2) Amounts paid for taxes, assessments, insurance premiums and other similar charges;  (3) Amounts paid annually by the approved mortgagor to principal and interest on the mortgage note or notes then outstanding. ­­The development plan may contain provisions, satisfactory to the commission that any surplus earnings in excess of the rate of net earnings provided in sections 215.010 to 215.250 may be held by the corporation as a reserve for maintenance of such rate of return in the future and may be used by the corporation to offset any deficiency in such rate of return which may have occurred in prior years; or may be used to accelerate the amortization payments; or for the enlargement of the project; or for reduction in rentals therein; provided, that any excess of such surplus earnings remaining at the termination of the loan shall be turned over by the corporation to the commission. ­­-------- (L. 1969 H.B. 130 § 14, A.L. 1974 H.B. 1190, A.L. 1985 H.B. 484, A.L. 1989 S.B. 167)
MO Rev Stat § 215.100 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.100 - Commission to regulate amortization period.

Effective - 28 Aug 1969   215.100. Commission to regulate amortization period. — The ratio of loan to project cost and the amortization period of loans made by the commission shall be determined in accordance with regulations formulated and published by the commission. ­­-------- (L. 1969 H.B. 130 § 15)
MO Rev Stat § 215.110 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.110 - Discrimination prohibited.

Effective - 28 Aug 1969   215.110. Discrimination prohibited. — The commission shall require that occupancy of all housing financed or otherwise assisted under sections 215.010 to 215.250 be open to all persons regardless of race, national origin, religion, or creed, and that contractors and subcontractors engaged in the construction or rehabilitation of such housing shall provide equal opportunity for employment, without discrimination as to race, national origin, religion or creed. ­­-------- (L. 1969 H.B. 130 § 16)
MO Rev Stat § 215.120 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.120 - Issuance of bonds or notes authorized.

Effective - 28 Aug 1969   215.120. Issuance of bonds or notes authorized. — 1. The commission may from time to time issue its negotiable revenue bonds or notes in such principal amount, as, in the opinion of the commission, shall be necessary to provide sufficient funds for achieving its corporate purposes, including the making of mortgage loans for residential housing to be occupied by low and moderate income persons; for the rehabilitation of existing structures so occupied; for the construction of residential housing and appurtenant community facilities as provided in sections 215.010 to 215.250; for establishment of reserves to secure such bonds and notes; and all other expenditures of the commission incident to and necessary to carry out its corporate purposes and powers.  2. The commission may from time to time issue renewal notes, issue bonds to pay such notes, and whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund bonds then outstanding and partly for any other purpose. The refunding bonds shall be sold and the proceeds applied to the purchase, redemption or payment of the bonds to be refunded.  3. The notes and bonds issued under sections 215.010 to 215.250 shall be authorized by resolution of the members of the commission, shall bear such date or dates, and shall mature at such time or times, in the case of any note, or any renewal thereof, not exceeding twenty years, from the date of issue of such original note, and in the case of any bond not exceeding fifty years from the date of issue, as the resolution may provide. The notes and bonds shall bear interest at such rate, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places and be subject to such terms of redemption as such resolution or resolutions may provide. The notes and bonds of the commission may be sold by the commission, at public or private sale, at such price or prices as the commission shall determine.  4. The state shall not be liable on notes or bonds of the commission and such notes and bonds shall not be a debt of the state, and such notes and bonds shall contain on the face thereof a statement to such effect. ­­-------- (L. 1969 H.B. 130 §§ 17 to 20)
MO Rev Stat § 215.130 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.130 - Resolution authorizing issue of bonds or notes may provide what.

Effective - 28 Aug 1969   215.130. Resolution authorizing issue of bonds or notes may provide what. — A resolution of the commission authorizing the issuance of any notes or bonds or any issue thereof under sections 215.010 to 215.250 may provide for:  (1) Pledging all or any part of the fees and charges made or received by the commission and all or any part of the moneys received in payment of mortgage loans and interest thereon and other moneys received or to be received, to secure the payment of the notes or bonds or of any issue thereof, and subject to such agreements with bondholders or noteholders as may then exist;  (2) Pledging all or any part of the revenue of the commission, including payments or income from mortgages or obligations owned or held by the commission, to secure the payment of notes or bonds issued under sections 215.010 to 215.250 or of any issue of such notes or bonds, subject to such agreements with noteholders or bondholders as may then exist;  (3) Pledging of any loan, grant, or contribution from the federal, state, or local government, if authorized by the terms of such loan, grant or contribution;  (4) The use and disposition of the gross income from mortgages owned by the commission and payment of principal of mortgages owned by the commission;  (5) The setting aside of reserves or sinking funds and the regulation and disposition thereof;  (6) Limitations on the purpose to which the proceeds of sale of notes or bonds may be applied and pledging such proceeds to secure the payment of the notes or bonds or of any issue thereof;  (7) Limitations on the issuance of additional notes or bonds; the terms upon which additional notes or bonds may be issued and secured and the refunding of outstanding or other notes or bonds;  (8) The procedure, if any, by which the terms of any contract with noteholders or bondholders may be amended or abrogated, the amount of notes or bonds the holders of which must consent thereto and the manner in which such consent may be given;  (9) Vesting in a trustee or trustees such property, rights, powers and duties in trust as the commission may determine, which may include any or all of the rights, powers and duties of the trustee appointed by the bondholders pursuant to sections 215.010 to 215.250 and limiting or abrogating the right of the bondholders to appoint a trustee or limiting the rights, powers and duties of such trustee;  (10) Any other matters of like or different character, which in any way affect the security or protection of the notes or bonds issued by the commission. ­­-------- (L. 1969 H.B. 130 § 21)
MO Rev Stat § 215.140 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.140 - Commission members not personally liable on notes or bonds.

Effective - 28 Aug 1969   215.140. Commission members not personally liable on notes or bonds. — No member of the commission or any authorized person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof. ­­-------- (L. 1969 H.B. 130 § 22)
MO Rev Stat § 215.150 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.150 - Redemption of notes and bonds.

Effective - 28 Aug 1969   215.150. Redemption of notes and bonds. — The commission, subject to the terms of any agreements with noteholders or bondholders as may then exist, shall have power out of any funds available therefor and not otherwise committed, to purchase notes or bonds of the commission which shall thereupon be cancelled at a price not exceeding: (a) if the notes or bonds are redeemable, the redemption price then applicable plus accrued interest to the next interest payment date thereon, or (b) if the notes or bonds are not then redeemable, the redemption price applicable on the first date after such purchase upon which the notes or bonds become subject to redemption plus accrued interest to such date. ­­-------- (L. 1969 H.B. 130 § 23)
MO Rev Stat § 215.160 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.160 - Indebtedness limited, exception.

Effective - 28 Aug 1985   215.160. Indebtedness limited, exception. — The commission shall not have outstanding at any one time bonds and notes for any of its purposes in an aggregate principal amount exceeding two hundred million dollars, excluding bonds and notes issued to refund outstanding bonds and notes; provided, however, that the limitation contained in this section shall not apply to any bonds or notes of the commission which are secured, directly or indirectly, by first mortgage loans which have been insured or guaranteed by an agency or instrumentality of the United States, or any bonds or notes of the commission which at the time of issuance are rated not lower than "Aa" by Moody's Investors Service, Inc., in the case of long-term obligations or rated Moody's "Investment Grade I" by Moody's Investors Service, Inc., in the case of short-term obligations; or rated not lower than "AA" by Standard & Poor's Corporation in the case of long-term obligations or rated "SP-1+" by Standard & Poor's Corporation in the case of short-term obligations, or the equivalent ratings by Moody's Investors Service, Inc., or Standard & Poor's Corporation in the event the ratings described in this section are changed. ­­-------- (L. 1969 H.B. 130 § 24, A.L. 1974 H.B. 1190, A.L. 1985 H.B. 484)
MO Rev Stat § 215.170 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.170 - Default, trustee appointed when, powers of trustee.

Effective - 28 Aug 1969   215.170. Default, trustee appointed when, powers of trustee. — 1. If the commission defaults in the payment of principal or interest on any issue of notes or bonds after the same shall become due, whether at maturity or upon call for redemption, and such default continues for a period of thirty days or if the commission fails or refuses to comply with the provisions of sections 215.010 to 215.250, or defaults in any agreement made with the holders of any issue of notes or bonds, the holders of twenty-five percent in aggregate principal amount of the notes or bonds of such issue then outstanding may appoint a trustee to represent the holders of such notes or bonds for the purposes set forth in this section and sections 215.180 and 215.190.  2. The trustee appointed pursuant to subsection 1 may, and upon written request of the holders of twenty-five percent in principal amount of such notes or bonds then outstanding shall, in his own name:  (1) Enforce all rights of the noteholders or bondholders including the right to require the commission to collect fees and charges and interest and amortization payments on mortgage loans made by it adequate to carry out any agreement as to, or pledge of, such fees and charges and interest and amortization payments of such mortgages and other properties, and to require the commission to carry out any other agreements with the holders of such notes or bonds and to perform its duties under sections 215.010 to 215.250;  (2) Bring suit upon such notes or bonds;  (3) Require the commission to account as if it were the trustee of an express trust for the holders of such notes or bonds;  (4) Enjoin any acts or things which may be unlawful or in violation of the rights of the holders of such notes or bonds; or  (5) Declare all such notes or bonds due and payable; and if all defaults shall be made good, then, with the consent of the holders of twenty-five percent of the principal amount of such notes or bonds then outstanding, to annul such declaration and its consequences.  3. In addition to the powers granted in subsections 1 and 2 the trustee shall have and possess all of the powers necessary or appropriate for the exercise of any functions specifically set forth herein or incident to the general representation of bondholders and noteholders in the enforcement and protection of their rights. ­­-------- (L. 1969 H.B. 130 §§ 25, 26, 27)
MO Rev Stat § 215.180 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.180 - Venue of action, notice, how given.

Effective - 28 Aug 1969   215.180. Venue of action, notice, how given. — The venue of any action or proceeding brought by the trustee under section 215.170 shall be in Cole County. Before declaring the principal of notes or bonds due and payable, the trustee shall first give thirty days' notice in writing to the governor, to the commission and to the attorney general of the state of Missouri. ­­-------- (L. 1969 H.B. 130 § 28)
MO Rev Stat § 215.190 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.190 - Notes and bonds, approved securities.

Effective - 28 Aug 1969   215.190. Notes and bonds, approved securities. — The notes and bonds of the commission are securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carrying on an insurance business, all banks, trust companies, savings associations, savings and loan associations, investment companies, all administrators, guardians, executors, trustees, and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them. ­­-------- (L. 1969 H.B. 130 § 29)
MO Rev Stat § 215.200 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.200 - Property and obligations of commission tax exempt.

Effective - 28 Aug 1969   215.200. Property and obligations of commission tax exempt. — The commission shall not be required to pay any taxes and assessments to the state of Missouri, or any county, municipality or other governmental subdivision of the state of Missouri, upon any of its property or upon its obligations or other evidences of indebtedness pursuant to the provisions of sections 215.010 to 215.250, or upon any moneys, funds, revenues or other income held or received by the commission, and the notes and bonds of the commission and the income therefrom shall at all times be exempt from taxation, as aforesaid, except for death and gift taxes, taxes on transfers, sales taxes, real property taxes and business and occupation taxes. ­­-------- (L. 1969 H.B. 130 § 30)
MO Rev Stat § 215.210 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.210 - Services commission may provide for nonprofit corporations.

Effective - 28 Aug 1969   215.210. Services commission may provide for nonprofit corporations. — The commission is authorized to provide to nonprofit corporations such advisory, consultative, training and education services as will assist them to become owners of housing constructed or rehabilitated under sections 215.010 to 215.250. Advisory and education services may include, but are not necessarily limited to, technical and professional planning assistance, the preparation and promulgation of organizational planning and development outlines and guides, consultation services, training courses, seminars and lectures, the preparation and dissemination of newsletters and other printed materials and the services of field representatives. The commission is also authorized to provide nonprofit corporations with advisory, consultative, technical, training and educational services in the management of residential housing, including but not limited to home management and training and advisory services for the residents so as to promote efficient and harmonious management thereof. ­­-------- (L. 1969 H.B. 130 § 31)
MO Rev Stat § 215.220 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.220 - Commission funds not to inure to private persons, exceptions.

Effective - 28 Aug 1969   215.220. Commission funds not to inure to private persons, exceptions. — No part of the funds of the commission shall inure to the benefit of or be distributable to its members or officers or other private persons except that the commission shall be authorized and empowered to pay reasonable compensation, other than to the members of the commission, for services rendered and to make loans as previously specified in furtherance of its purpose, provided that no such loans shall be made to any member of the commission. ­­-------- (L. 1969 H.B. 130 § 32)
MO Rev Stat § 215.230 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.230 - Termination or dissolution of commission, effect of.

Effective - 28 Aug 1969   215.230. Termination or dissolution of commission, effect of. — Upon termination or dissolution, all rights and properties of the commission, including the housing development fund, shall pass to and be vested in the state of Missouri, subject to the rights of lienholders and other creditors. ­­-------- (L. 1969 H.B. 130 § 33)
MO Rev Stat § 215.240 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.240 - Audit, copies, who shall receive.

Effective - 28 Aug 1969   215.240. Audit, copies, who shall receive. — The commission shall cause an annual audit to be made by an independent certified public accountant of its books, accounts, and records, with respect to its receipts, disbursements, contracts, mortgages, leases, assignments, loans and all other matters relating to its financial operations, including those of the housing development fund. The person performing such audit shall furnish copies of the audit report to the state auditor, where they shall be placed on file and made available for inspection by the general public. The person performing such audit shall also furnish copies of the audit report to the governor, the speaker of the house of representatives, the president of the senate and the majority and minority leaders of both houses. ­­-------- (L. 1969 H.B. 130 § 34)
MO Rev Stat § 215.246 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.246 - Grants or loans not awarded without implementation of certain oversight procedures (Kansas City).

Effective - 28 Aug 2005   215.246. Grants or loans not awarded without implementation of certain oversight procedures (Kansas City). — Beginning July 1, 2006, the commission shall not award grants or loans to any home rule city with more than four hundred thousand inhabitants and located in more than one county unless the governing body of such city has implemented oversight procedures to review expenditures and development plans for all housing contracts in excess of one hundred thousand dollars. ­­-------- (L. 2005 H.B. 58 merged with S.B. 210)
MO Rev Stat § 215.250 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.250 - Repayment of general revenue funds.

Effective - 28 Aug 1969   215.250. Repayment of general revenue funds. — Any funds appropriated from general revenue for the administrative cost of operating the state housing development commission shall be reimbursed by the commission to general revenue as funds become available to the commission. ­­-------- (L. 1969 H.B. 130 § 35)
MO Rev Stat § 215.263 (2021)
2021 Missouri Revised Statutes|Title XII - Public Health and Welfare|Chapter 215 - State Housing|Section 215.263 - Affordable housing defined, staff to be provided by department of economic development.

Effective - 01 Apr 2011, 2 histories   215.263. Affordable housing defined, staff to be provided by department of economic development. — 1. For purposes of sections 215.261* to 215.263, the term "affordable housing" means all residential structures newly constructed or rehabilitated, which a person earning one hundred fifteen percent or less of the median income for the person's county, as determined by the United States Census Bureau's American Community Survey, based on the most recent of five-year period estimate data in which the final year of the estimate ends in either zero or five, could afford if spending twenty-nine percent of that person's gross income annually on such housing.  2. Clerical, research and general administrative support staff for the commission shall be provided by the Missouri department of economic development. ­­-------- (L. 1994 H.B. 1745 § 1 subsecs. 3, 4, A.L. 2010 H.B. 1965)  Effective 4-01-11, see § 135.204  *Section 215.261 was repealed by S.B. 58, 2015.