PURPOSE: This rule facilitates the issuance of tax credits pursuant to section 135.400, RSMo.

1. (1) The commissioner, pursuant to the provisions of section 409.402(c), RSMo of the Missouri Uniform Securities Act (the Act), exempts from the requirements of sections 409.301 and 409.303 of the Act any offer or sale of securities by an issuer for which the following filing is made with the commissioner:

   1. (A) Any offering document, sales or promotional material to be used in connection with the offer or sale of the securities;
   2. (B) A document indicating that eighty percent (80%) of the net proceeds from the offering will be used in connection with the operations of the issuer in the state, and that an investment in the offering will be a qualified investment as defined in section 135.400, RSMo;
   3. (C) A document indicating the provision for registration or exemption under the Act upon which the issuer is relying for the sale of securities; and
   4. (D) The following information must be filed with the commissioner for the first two 15 CSR 30-54

2. (2) years after the offering document is declared effective under this rule:

   1. 1. The annual financial statements of the

issuer;

1. 2. All communications provided to

investors by or on behalf of the issuer; and

1. 3. An annual list of the names, address-

es and the amounts of investment of all Missouri investors.

1. (2) An offering becomes exempt under this rule when the commissioner so orders.

AUTHORITY: section 409.413(a), RSMo 1986.* Emergency rule filed Dec. 21, 1992, effective Dec. 31, 1992, expired April 29, 1993. Emergency rule filed April 14, 1993, effective April 30, 1993, expired Aug. 27, 1993. Original rule filed Feb. 5, 1993, effective July 8, 1993. *Original authority: 409.413, RSMo 1967.