Mo. Rev. Stat. ch. 100 – Industrial Development | Midpage

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Revised Statutes of Missouri

Chapter 100

Mo. Rev. Stat. ch. 100

Industrial Development

100.010Definitions 100.020Municipality may carry out industrial development projects 100.030Acceptance of federal grants or gifts 100.040Plans for industrial development to be made 100.050Approval of plan by governing body of municipality — information required — additional information required, when — payments in lieu of taxes, applied how — reimbursement, when 100.059Notice of proposed project for industrial development, when, contents — limitation on indebtedness, inclusions — applicability, limitation 100.090General obligation bonds authorized 100.100Revenue bonds authorized, how paid 100.105Municipality to file annual report on bond issuances with department, content 100.120Time for election — subsequent elections 100.130Municipality to fix terms and form of revenue bonds 100.140Sinking fund for revenue bonds 100.150Revenue bonds payable from revenues only — statement on bond 100.155Revenue bonds, municipalities, refunding issue authorized — form and terms 100.160Municipality to carry out plan on receipt of funds 100.170Construction to be under contract — how let, notice 100.180Municipality's power to enter into loans, sales, leases or mortgages — terms — requirements 100.190Property acquired may be sold 100.200Sales of industrial development property acquired with revenue bonds 100.240Citation of law — athletic and entertainment facility project, funding of — definitions — application procedure — limit on annual expenditure — tax credit, amount — bonds, issuance of — legal fees 100.250Title of act 100.255Definitions 100.260Funds established — administration, investment — no transfer to general revenue, when — increase of certain revenue calculated and allocated to Jobs Now fund 100.263Infrastructure development fund, created, purpose — lapse into general revenue, prohibited 100.265Missouri development finance board created — members, qualifications, appointment, terms — meetings — quorum — expenses 100.270Board's powers and duties — rules, authority to promulgate 100.273Development finance board employees are state employees eligible for state retirement — not eligible for state health insurance plan unless requested by board — no purchase of creditable service, exception 100.275Bonds and notes issued — approved as investment, who may invest — tax exemptions, exceptions — power to contract with development agency 100.277Employment and business opportunities required to be provided, to whom 100.281Project plan, approval procedure — board to review and grant loan, when — borrowing power — sale of bonds 100.282Limitations on approval of loans 100.286Loans secured by certain funds — standards — information required — review and certification by participating lender — board approval — fee, tax credit, limitation 100.287Default procedure — subrogation to rights of lender upon payment from fund, amount 100.291Guarantees issued by board, when — application, fee — information required 100.292Guarantee agreement provisions 100.293Citation — jobs now recommendation committee created, membership, duties — applications — preference given to certain projects — requests granted, determinations required 100.296Application of provisions of other sections — state and local records laws — meetings of governmental bodies — conflict of interest or lobbying — prohibited loans — notifications of certain campaign contributions 100.297Tax credit for owner of revenue bonds or notes, purpose, when, amount, limitation 100.300Short title 100.310Definitions 100.320Planned industrial expansion authority created, powers exercised, when 100.330Commissioners, number reduced, appointment, term, vacancies 100.331Commissioners, number reduced, appointment, terms, qualifications, vacancies — consolidation plan authorized (St. Louis City)100.340Commission, quorum, officers, legal services, how obtained 100.350Commissioner, expenses — certificate of appointment 100.360Commissioner, removal for cause, hearing 100.370Commissioners or employees of authority, voluntary interest in project prohibited — disclosure of involuntary interest required and participation in action of authority forbidden — violation is misconduct, office forfeited 100.380Adoption of resolution or ordinance, effect of — certified copy admissible as evidence 100.390Authority to be a body corporate and politic, powers and duties of authority 100.400Preparation and approval of plans, regulations governing 100.410Property in a project, how disposed of 100.420Authority may exercise power of eminent domain 100.430Bonds, issuance by authority 100.440Bonds, how issued, authorized and sold 100.445Allowable rates of interest 100.450Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax 100.460Signatures on bonds, validity of — bonds negotiable — conclusive presumption that bond was issued for stated purpose 100.470Payment of bonds secured, how 100.480Powers of obligee granted by authority 100.490Obligee, rights of, exception 100.500Bonds or other obligations legal investments for enumerated purposes, when 100.510Contracts with federal government, provisions for conveyance of project and land to federal government — authorized, reconveyance when 100.520Execution or judicial process, property and funds of authority exempt from, exceptions 100.530Public bodies may assist a project, how 100.540Sales by public body to authority, how made 100.550Cities may levy taxes or sell bonds to finance grants to an authority 100.560Two or more authorities may cooperate in a project 100.570Ad valorem tax benefits available, when 100.580Annual report of authority, contents — satisfactory progress of projects, procedure to determine 100.590Authority may assume projects of constitutional charter cities, when 100.600Any municipality authorized to prepare a master plan for physical development of community 100.610Law to be liberally construed 100.620Powers conferred in this law to be supplemental to existing powers 100.700Title 100.710Definitions 100.720Additional powers of Missouri development finance board — certificates, state credit for 100.730Establishment of procedures to determine eligible industries — authority to request information 100.740Financing agreement, authority to enter into 100.750Financing agreement, contents 100.760Credit agreement, conditions 100.770Factors considered in awarding credit 100.780Board authority to determine projects, assessments, credits and refunds, credit and assessment time limit 100.790Agreement contents 100.800Noncompliance by eligible industry, determination, penalty 100.810Evaluation of program 100.820Program costs, how paid, assessments 100.830Special fund, purposes — certification by employer 100.840Board, powers to borrow money — issue and sell certificates — sale or exchange of refunding certificates — certificates not indebtedness of state 100.850Assessments remittal, job development assessment fee — company records available to board, when — when remitted assessment ceases — tax credit amount, cap, claiming credit — refunds