23 chapters · 1,808 sections in this title.
§ 99.924 RSMo Board of commissioners to govern authority, exceptions — appointment of
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99.924. Board of commissioners to govern authority, exceptions — appointment of commissioners, terms, vacancies. — Each authority created pursuant to section 99.921, except a countywide downtown economic stimulus authority created pursuant to subdivision (3) of section 99.921, sh…
§ 99.927 RSMo Powers of authority exercised by board — quorum requirements, meetings,
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99.927. Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal. — 1. The powers of the authority created pursuant to section 99.921 shall be exercised by its board of commissioners. A majority of the commissioners shall constitute a qu…
§ 99.930 RSMo Contracts, authority may transact business, when — validity of authority
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99.930. Contracts, authority may transact business, when — validity of authority not to be challenged, when. — 1. In any suit, action, or proceeding involving the validity or enforcement of or relating to any contract of an authority entered into pursuant to sections 99.915 to 99…
§ 99.933 RSMo Authority to be public body corporate and politic, powers — disclosure of
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99.933. Authority to be public body corporate and politic, powers — disclosure of conflicts of interest — disadvantaged business enterprise to be approved (Kansas City, St. Louis City, St. Louis County). — 1. The authority created pursuant to section 99.921 shall constitute a pub…
§ 99.936 RSMo Disposal of real property
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99.936. Disposal of real property. — Real property which is acquired by a municipality or authority in a development project area may be disposed of as follows: (1) Within a development project area, the authority may sell, lease, exchange, or otherwise transfer real property, in…
§ 99.939 RSMo Fund established for community development corporations (Kansas City, St.
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99.939. Fund established for community development corporations (Kansas City, St. Louis County, St. Louis City, Boone County) — fund administration — diversion of certain sales tax revenues to general revenue fund — grants and loans awarded. — 1. Any home rule city with more than…
§ 99.942 RSMo Development plan, contents — goal for certain projects (Kansas City, St.
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99.942. Development plan, contents — goal for certain projects (Kansas City, St. Louis City, St. Louis County, Boone County) — adoption of development plan, procedure. — 1. A development plan shall set forth in writing a general description of the program to be undertaken to acco…
§ 99.945 RSMo Permission needed for designation of development area outside boundaries of
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99.945. Permission needed for designation of development area outside boundaries of municipality. — In the event a municipality desires to designate a development area located in whole or in part outside the incorporated boundaries of the municipality and within the boundaries of…
§ 99.948 RSMo Powers of municipality creating authority — powers authorized to authority
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99.948. Powers of municipality creating authority — powers authorized to authority — public hearings held, when. — 1. A municipality which has created an authority pursuant to section 99.921 may: (1) Approve by ordinance the exercise by the authority of the powers, functions, and…
§ 99.951 RSMo Adoption of authorizing ordinance, public hearings to be held — notice for
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99.951. Adoption of authorizing ordinance, public hearings to be held — notice for hearing, contents. — 1. Prior to the adoption of the ordinance designating a development area, adopting a development plan, or approving a development project, the municipality or authority shall f…
§ 99.954 RSMo Financing project costs, issuance of obligations permitted, procedure —
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99.954. Financing project costs, issuance of obligations permitted, procedure — immunity from liability for obligations — retiring or refinancing debt, restrictions. — 1. For the purpose of financing development project costs, obligations may be issued by the municipality, or, at…
§ 99.957 RSMo Adoption of development financing by ordinance — county assessor to
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99.957. Adoption of development financing by ordinance — county assessor to determine total equalized assessed value — calculation of ad valorem taxes — allocation of economic activity taxes. — 1. A municipality, after designating a development area, adopting a development plan, …
§ 99.958 RSMo Endowment, Carnegie Research I University, private funds needed for
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99.958. Endowment, Carnegie Research I University, private funds needed for one-half of endowment. — If a development plan includes an endowment of positions at an institution of higher education which has a designation as a Carnegie Research I University, including any campus of…
§ 99.960 RSMo Disbursement of project costs, approval of department required —
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99.960. Disbursement of project costs, approval of department required — application, contents — finance board to make determination — cap on disbursements — time limitations on disbursements — development costs defined — projects ineligible for TIFs, when — rulemaking authority.…
§ 99.963 RSMo State supplemental downtown development fund established, moneys in fund,
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99.963. State supplemental downtown development fund established, moneys in fund, use of moneys, disbursements — rulemaking authority. — 1. There is hereby established within the state treasury a special fund to be known as the "State Supplemental Downtown Development Fund", to b…
§ 99.965 RSMo Termination of development financing, when, procedure — dissolution of
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99.965. Termination of development financing, when, procedure — dissolution of special fund and termination of designated area. — 1. When all development project costs and all obligations issued to finance development project costs have been paid in full, the municipality shall a…
§ 99.968 RSMo Debt service levies, computation of
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99.968. Debt service levies, computation of. — In each of the twenty-five calendar years following the adoption of an ordinance adopting development financing for a development project area, unless and until development financing for such development project area is terminated by…
§ 99.975 RSMo Application approvals, limitations
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99.975. Application approvals, limitations. — 1. No new applications made pursuant to sections 99.915 to 99.980 shall be approved after January 1, 2013. 2. No applications made pursuant to sections 99.915 to 99.980 shall be approved prior to August 28, 2003, except for applicatio…
§ 99.980 RSMo Businesses relocating in development area, authority to report to
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99.980. Businesses relocating in development area, authority to report to department, when — status of development plan, report to be submitted, contents — access to project sites — annual financial statements required. — 1. By the last day of February each year, the municipality…
§ 100.010 RSMo Definitions
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100.010. Definitions. — As used in sections 100.010 to 100.200, unless the context clearly indicates otherwise, the following words and terms have the following meanings: (1) "Division", an appropriate division of the department of economic development of the state of Missouri, o…
§ 100.020 RSMo Municipality may carry out industrial development projects
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100.020. Municipality may carry out industrial development projects. — The municipality may carry out projects for industrial development under the terms of sections 100.010 to 100.200. -------- (L. 1961 p. 189 § 4)
§ 100.030 RSMo Acceptance of federal grants or gifts
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100.030. Acceptance of federal grants or gifts. — The municipality may accept grants from the federal and state governments for industrial development purposes, and may enter into such agreements as are not contrary to the laws of this state and which may be required as a conditi…
§ 100.040 RSMo Plans for industrial development to be made
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100.040. Plans for industrial development to be made. — Any municipality desiring to avail itself of the provisions of sections 100.010 to 100.200 shall prepare plans for the industrial development of such municipality. In preparing the plans, the municipality shall cooperate wit…
§ 100.050 RSMo Approval of plan by governing body of municipality — information required —
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[Repealed or reserved.]
§ 100.059 RSMo Notice of proposed project for industrial development, when, contents —
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100.059. Notice of proposed project for industrial development, when, contents — limitation on indebtedness, inclusions — applicability, limitation. — 1. The governing body of any municipality proposing a project for industrial development which involves issuance of revenue bonds…
§ 100.090 RSMo General obligation bonds authorized
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100.090. General obligation bonds authorized. — Any municipality may issue its general obligation bonds in an amount not in excess of ten percent of the assessed valuation of the taxable tangible property in the municipality to provide funds for the carrying out of a project unde…
§ 100.100 RSMo Revenue bonds authorized, how paid
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100.100. Revenue bonds authorized, how paid. — Any municipality may issue revenue bonds to provide funds for the carrying out of a project under sections 100.010 to 100.200. The revenue bonds shall be paid solely from revenue received from the project, and shall not be a general …
§ 100.105 RSMo Municipality to file annual report on bond issuances with department, content
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100.105. Municipality to file annual report on bond issuances with department, content. — No later than January thirty-first of each year, the municipality shall file a report with the department of economic development on the previous year's revenue bond issuances and general ob…
§ 100.120 RSMo Time for election — subsequent elections
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100.120. Time for election — subsequent elections. — The question of issuing general obligation bonds under a plan to finance a project which has been approved by the governing body of the municipality shall be submitted within one year from the date of approval by the governing …
§ 100.130 RSMo Municipality to fix terms and form of revenue bonds
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100.130. Municipality to fix terms and form of revenue bonds. — The municipality shall, by ordinance, provide the form of the revenue bonds to be issued hereunder and shall set out the terms under which such bonds shall be issued, including the rate of interest which they shall b…
§ 100.140 RSMo Sinking fund for revenue bonds
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100.140. Sinking fund for revenue bonds. — At or before the issuance of the revenue bonds the governing body shall, by ordinance, create a sinking fund for the payment of the bonds and the interest thereon, and shall set aside and pledge a sufficient amount of the revenues of the…
§ 100.150 RSMo Revenue bonds payable from revenues only — statement on bond
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100.150. Revenue bonds payable from revenues only — statement on bond. — Revenue bonds issued under sections 100.010 to 100.200 shall not be payable from or charged upon any funds, other than the revenue pledged to the payment thereof, nor shall the municipality issuing the bonds…
§ 100.155 RSMo Revenue bonds, municipalities, refunding issue authorized — form and terms
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100.155. Revenue bonds, municipalities, refunding issue authorized — form and terms. — 1. Any municipality which has revenue bonds issued pursuant to the provisions of sections 100.010 to 100.200 may issue refunding revenue bonds to provide funds to refund any or all of such reve…
§ 100.160 RSMo Municipality to carry out plan on receipt of funds
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100.160. Municipality to carry out plan on receipt of funds. — When funds have been received by the municipality for the carrying out of the project, the municipality shall purchase, construct, extend or improve the facilities as provided by the plan. -------- (L. 1961 p. 189 §…
§ 100.170 RSMo Construction to be under contract — how let, notice
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100.170. Construction to be under contract — how let, notice. — Whenever the approved plan for the project calls for the construction, improvement or extension of facilities, the municipality shall enter into a contract for the purpose. All contracts shall be let on competitive b…
§ 100.180 RSMo Municipality's power to enter into loans, sales, leases or mortgages —
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100.180. Municipality's power to enter into loans, sales, leases or mortgages — terms — requirements. — The municipality shall have the authority to enter into loan agreements, sell, lease, or mortgage to private persons, partnerships or corporations the facilities purchased, con…
§ 100.190 RSMo Property acquired may be sold
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100.190. Property acquired may be sold. — Any municipality may sell or otherwise dispose of the property, or buildings or plants acquired with the proceeds from the sale of general obligation bonds issued under sections 100.010 to 100.200, to private persons or corporations for w…
§ 100.200 RSMo Sales of industrial development property acquired with revenue bonds
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100.200. Sales of industrial development property acquired with revenue bonds. — Any municipality may sell or otherwise dispose of the property or buildings or plants, acquired with the proceeds from the sale of revenue bonds issued under sections 100.100 to 100.190, to private p…
§ 100.240 RSMo Citation of law — athletic and entertainment facility project, funding of —
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100.240. Citation of law — athletic and entertainment facility project, funding of — definitions — application procedure — limit on annual expenditure — tax credit, amount — bonds, issuance of — legal fees. — 1. This section shall be known and may be cited as the "Show-Me Sports …
§ 100.250 RSMo Title of act
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100.250. Title of act. — Sections 100.250 to 100.297 shall be known and may be cited as the "Missouri Development Finance Board Act". -------- (L. 1982 S.B. 681, A.L. 1985 H.B. 416, A.L. 1989 H.B. 378, A.L. 1994 H.B. 1248 & 1048)
§ 100.255 RSMo Definitions
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100.255. Definitions. — As used in sections 100.250 to 100.297, the following terms mean: (1) "Board", the Missouri development finance board created by section 100.265; (2) "Borrower", any person, partnership, public or private corporation, association, development agency or any…
§ 100.260 RSMo Funds established — administration, investment — no transfer to general
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100.260. Funds established — administration, investment — no transfer to general revenue, when — increase of certain revenue calculated and allocated to Jobs Now fund. — 1. There are hereby created four special funds, to be known as the "Industrial Development and Reserve Fund", …
§ 100.263 RSMo Infrastructure development fund, created, purpose — lapse into general
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100.263. Infrastructure development fund, created, purpose — lapse into general revenue, prohibited. — An "Infrastructure Development Fund" shall be established from which moneys shall be used to make low-interest or interest-free loans, loan guarantees, or grants to local politi…
§ 100.265 RSMo Missouri development finance board created — members, qualifications,
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100.265. Missouri development finance board created — members, qualifications, appointment, terms — meetings — quorum — expenses. — 1. There is hereby created within the department of economic development the "Missouri Development Finance Board", which shall constitute a body cor…
§ 100.270 RSMo Board's powers and duties — rules, authority to promulgate
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100.270. Board's powers and duties — rules, authority to promulgate. — The board shall have the power to: (1) Sue and be sued in its official name; (2) Adopt and use an official seal; (3) Confer with agencies of the state and development agencies, and with representatives of busi…
§ 100.273 RSMo Development finance board employees are state employees eligible for state
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100.273. Development 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. — 1. Any person employed by the Missouri development finance boa…
§ 100.275 RSMo Bonds and notes issued — approved as investment, who may invest — tax
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100.275. Bonds and notes issued — approved as investment, who may invest — tax exemptions, exceptions — power to contract with development agency. — 1. The board may at any time issue revenue bonds for the purpose of paying any part of the cost of any project or projects, or part…
§ 100.277 RSMo Employment and business opportunities required to be provided, to whom
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100.277. Employment and business opportunities required to be provided, to whom. — Funds expended for projects authorized in sections 100.255 to 100.293 shall provide appropriate employment and business opportunities for participation by minority, women, and disadvantaged busines…
§ 100.281 RSMo Project plan, approval procedure — board to review and grant loan, when —
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100.281. Project plan, approval procedure — board to review and grant loan, when — borrowing power — sale of bonds. — 1. A request for a loan from the development and reserve fund, the infrastructure development fund, the export finance fund, or the jobs now fund to fund export t…
§ 100.282 RSMo Limitations on approval of loans
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100.282. Limitations on approval of loans. — The Missouri development finance board, the Missouri health and educational* facilities authority, the Missouri higher education loan authority, the Missouri housing development commission, and the environmental improvement and energy …