Section 178.635

Title XI EDUCATION AND LIBRARIES

Chapter 178

Effective - 28 Aug 1995, 2 histories, see footnote   (history) 

  *178.635.  Board organization, powers and duties — limitations — bonded indebtedness deemed to be debt of board — bonds retired through tuition revenue. — 1. The board of regents of Linn State Technical College shall organize in the manner provided by law for the board of curators of the University of Missouri. The powers, duties, authority, responsibilities, privileges, immunities, liabilities and compensation of the board of Linn State Technical College in regard to Linn State Technical College shall be the same as those prescribed by statute for the board of curators of the University of Missouri in regard to the University of Missouri, except that Linn State Technical College shall be operated only as a state technical college. Nothing in this section shall be construed to authorize Linn State Technical College to become a community college or a university offering four-year or graduate degrees.

  2. All lawful bonded indebtedness incurred by the issuance of revenue bonds, as defined in section 176.010, by Linn Technical College, shall be deemed to be an indebtedness of the board of regents of Linn State Technical College after the date upon which the conditions of section 178.631 are met. Such indebtedness shall be retired through tuition revenues.

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(L. 1995 S.B. 101 § 5)

*This section was amended by H.B. 673, 2013.  Due to a delayed effective date, both verisons of this section are printed here.