Title VII CITIES, TOWNS AND VILLAGES Chapter 94 • Effective - 28 Aug 2001 94.575. Definitions. — The following words, as used in sections 94.575 to 94.577, shall mean: (1) 'Capital asset' or 'fixed asset', assets of a long-term character that are intended to continue to be held or used, including but not limited to land, buildings, machinery, furniture, and other equipment, including computer hardware and software; (2) 'Capital improvements', any capital or fixed asset having an estimated economic useful life of at least two years. -------- (L. 2001 S.B. 352)
Missouri Legal Code