23 chapters · 1,808 sections in this title.
§ 100.410 RSMo Property in a project, how disposed of
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100.410. Property in a project, how disposed of. — Property in a project may be disposed of as follows: (1) An authority may sell, lease, exchange or otherwise transfer real property, including land and improvements as provided for in the project, or any interest therein in a pro…
§ 100.420 RSMo Authority may exercise power of eminent domain
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100.420. Authority may exercise power of eminent domain. — 1. An authority whose board members are appointed by one or more elected officials shall have the right to acquire by the exercise of the power of eminent domain any real property which it may deem necessary for a project…
§ 100.430 RSMo Bonds, issuance by authority
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100.430. Bonds, issuance by authority. — 1. An authority shall have power to issue bonds from time to time in its discretion for any of its corporate purposes including the payment of principal and interest upon any advances for surveys and plans for projects. 2. An authority sha…
§ 100.440 RSMo Bonds, how issued, authorized and sold
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100.440. Bonds, how issued, authorized and sold. — 1. Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, be payable upon demand or mature at such time or times, bear interest at such rate or rates…
§ 100.445 RSMo Allowable rates of interest
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100.445. Allowable rates of interest. — If the interest rates allowed under the provisions of this act* are greater than the interest rates allowed under the provisions of senate bill no. 554** of the second regular session of the eightieth general assembly, then the interest rat…
§ 100.450 RSMo Bonds, no personal liability on, not a debt of issuing subdivision or state
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100.450. Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax. — 1. Neither the commissioners of any authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance th…
§ 100.460 RSMo Signatures on bonds, validity of — bonds negotiable — conclusive
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100.460. Signatures on bonds, validity of — bonds negotiable — conclusive presumption that bond was issued for stated purpose. — 1. In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners o…
§ 100.470 RSMo Payment of bonds secured, how
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100.470. Payment of bonds secured, how. — In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of such bonds or obligations, an authority, in addition to its other powers, shall have power: (1) To pledge all or a…
§ 100.480 RSMo Powers of obligee granted by authority
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100.480. Powers of obligee granted by authority. — Any authority shall have power by its resolution, trust indenture, mortgage, lease or other contract to confer upon an obligee holding or representing a specified amount in bonds, the right, in addition to all rights that may oth…
§ 100.490 RSMo Obligee, rights of, exception
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100.490. Obligee, rights of, exception. — An obligee of an authority shall have the right in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee: (1) By mandamus suit, action or proceeding at …
§ 100.500 RSMo Bonds or other obligations legal investments for enumerated purposes, when
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100.500. Bonds or other obligations legal investments for enumerated purposes, when. — All public officers, municipal corporations, political subdivisions and public bodies, all banks, trust companies, bankers, savings banks and institutions, building and loan associations, savin…
§ 100.510 RSMo Contracts with federal government, provisions for conveyance of project and
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100.510. Contracts with federal government, provisions for conveyance of project and land to federal government — authorized, reconveyance when. — In any contract for financial assistance with the federal government the authority may obligate itself, which obligation shall be spe…
§ 100.520 RSMo Execution or judicial process, property and funds of authority exempt from,
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[Repealed or reserved.]
§ 100.530 RSMo Public bodies may assist a project, how
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100.530. Public bodies may assist a project, how. — For the purpose of aiding and cooperating in the planning, undertaking or carrying out of a project located within the area in which it is authorized to act, any public body may, upon such terms, with reasonable consideration, a…
§ 100.540 RSMo Sales by public body to authority, how made
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100.540. Sales by public body to authority, how made. — Any sale, conveyance, lease or agreement provided for in section 100.530 may be made by a public body without appraisal, public notice, advertisement or public bidding. -------- (L. 1967 p. 172 § 25)
§ 100.550 RSMo Cities may levy taxes or sell bonds to finance grants to an authority
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100.550. Cities may levy taxes or sell bonds to finance grants to an authority. — Any city located in whole or in part within the area of operation of an authority may grant funds to an authority for the purpose of aiding such authority in carrying out any of its powers and funct…
§ 100.560 RSMo Two or more authorities may cooperate in a project
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100.560. Two or more authorities may cooperate in a project. — 1. Any two or more authorities may join or cooperate with one another in the exercise of any or all of the powers conferred hereby for the purpose of planning, undertaking or financing a project or projects located wi…
§ 100.570 RSMo Ad valorem tax benefits available, when
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100.570. Ad valorem tax benefits available, when. — The ad valorem tax exemption benefits contained in chapter* 353, RSMo 1959, of "The Urban Redevelopment Corporation Law" and more specifically in sections 353.110 and 353.150(4), shall not be available to any urban redevelopment…
§ 100.580 RSMo Annual report of authority, contents — satisfactory progress of projects,
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100.580. Annual report of authority, contents — satisfactory progress of projects, procedure to determine. — 1. At least once a year, an authority shall file with the clerk a report of its activities for the preceding year, and shall make recommendations with reference to such ad…
§ 100.590 RSMo Authority may assume projects of constitutional charter cities, when
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100.590. Authority may assume projects of constitutional charter cities, when. — Any authority empowered to undertake and carry out projects in a constitutional charter city under this law is hereby authorized to and may, upon such terms and conditions as it may determine not inc…
§ 100.600 RSMo Any municipality authorized to prepare a master plan for physical
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100.600. Any municipality authorized to prepare a master plan for physical development of community. — The governing body of any municipality, which is not otherwise authorized to establish a planning agency with power to prepare a master plan for the physical development of the …
§ 100.610 RSMo Law to be liberally construed
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100.610. Law to be liberally construed. — This law shall be construed liberally to effectuate the purposes hereof. Insofar as the provisions of this law are inconsistent with the provisions of any other law, the provisions of this law shall be controlling. -------- (L. 1967 p. …
§ 100.620 RSMo Powers conferred in this law to be supplemental to existing powers
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100.620. Powers conferred in this law to be supplemental to existing powers. — The powers conferred by this law shall be in addition and supplemental to the powers conferred by any other law. -------- (L. 1967 p. 172 § 33)
§ 100.700 RSMo Title
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100.700. Title. — Sections 100.700 to 100.850 shall be known as the "Missouri Business Use Incentives for Large-Scale Development Act". -------- (L. 1996 H.B. 1237 § 7)
§ 100.710 RSMo Definitions
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100.710. Definitions. — As used in sections 100.700 to 100.850, the following terms mean: (1) "Assessment", an amount of up to five percent of the gross wages paid in one year by an eligible industry to all eligible employees in new jobs, or up to ten percent if the economic deve…
§ 100.720 RSMo Additional powers of Missouri development finance board — certificates,
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100.720. Additional powers of Missouri development finance board — certificates, state credit for. — 1. The Missouri development finance board shall have, in addition to the powers provided to it in sections 100.250 to 100.297, and with the approval of the department, all the pow…
§ 100.730 RSMo Establishment of procedures to determine eligible industries — authority to
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100.730. Establishment of procedures to determine eligible industries — authority to request information. — 1. The department, in conjunction with the board, shall establish the procedures and standards for the determination and approval of eligible industries and their economic …
§ 100.740 RSMo Financing agreement, authority to enter into
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100.740. Financing agreement, authority to enter into. — The board may enter into, with the approval of the department and in consultation with the office of administration, with any eligible industry, a financing agreement with respect to its economic development project. Subjec…
§ 100.750 RSMo Financing agreement, contents
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100.750. Financing agreement, contents. — The financing agreement shall provide in substance that: (1) It may be assigned by the eligible industry only upon the prior written consent of the board following the adoption of a resolution by the board to such effect; and (2) Upon def…
§ 100.760 RSMo Credit agreement, conditions
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100.760. Credit agreement, conditions. — After receipt of an application, the board may, with the approval of the department, enter into an agreement with an eligible industry for a credit pursuant to sections 100.700 to 100.850 if the board determines that all of the following c…
§ 100.770 RSMo Factors considered in awarding credit
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100.770. Factors considered in awarding credit. — In determining the credit that should be awarded, the board shall take into consideration the following factors: (1) The economy of the county where the projected investment is to occur; (2) The potential impact on the economy of …
§ 100.780 RSMo Board authority to determine projects, assessments, credits and refunds,
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100.780. Board authority to determine projects, assessments, credits and refunds, credit and assessment time limit. — The board shall determine the amount and duration of a project and its associated assessments, credits and refunds. The credit amount may not exceed the estimated…
§ 100.790 RSMo Agreement contents
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100.790. Agreement contents. — An agreement between the board and an eligible industry shall include all of the following: (1) A detailed description of the project that is the subject of the agreement; (2) A specific method for determining the number of new employees employed du…
§ 100.800 RSMo Noncompliance by eligible industry, determination, penalty
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100.800. Noncompliance by eligible industry, determination, penalty. — If the board determines that an eligible industry, which has received a credit pursuant to sections 100.700 to 100.850, is not complying with the requirements of the credit agreement or all of the provisions o…
§ 100.810 RSMo Evaluation of program
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100.810. Evaluation of program. — On an annual basis, the director shall provide for an evaluation of the program. The evaluation shall include an assessment of the effectiveness of the program in creating new jobs in Missouri and of the revenue impact of the program. The directo…
§ 100.820 RSMo Program costs, how paid, assessments
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100.820. Program costs, how paid, assessments. — An agreement between the board and an eligible industry shall provide that all or part of program costs are to be met by receipt of assessments. Assessments shall be based upon wages paid to eligible employees. If business or emplo…
§ 100.830 RSMo Special fund, purposes — certification by employer
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100.830. Special fund, purposes — certification by employer. — 1. The board shall establish a special fund for and in the name of each project. All received by the board in respect of the project and required by the agreement to be used to pay program costs for the project shall …
§ 100.840 RSMo Board, powers to borrow money — issue and sell certificates — sale or
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100.840. Board, powers to borrow money — issue and sell certificates — sale or exchange of refunding certificates — certificates not indebtedness of state. — 1. To provide funds for the present payment of the costs of economic development projects, the board may borrow money and …
§ 100.850 RSMo Assessments remittal, job development assessment fee — company records
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100.850. Assessments remittal, job development assessment fee — company records available to board, when — when remitted assessment ceases — tax credit amount, cap, claiming credit — refunds. — 1. The approved company shall remit to the board a job development assessment fee, not…