ST. LOUIS BOARD OF EDUCATION POLICY

CONSTRUCTION

FINANCING

Short Term Borrowing

The Board of Education may borrow money through the issuance of negotiable notes, payable out of the revenues derived from school taxes or other school revenues. The issuance and payment of the notes shall be in accordance with Missouri state statutes.

References

Legal: Sections 165.131, 108.170 RSMo.

Policy adopted: July 24, 2001