Title XL — ADDITIONAL EXECUTIVE DEPARTMENTS

620.010. Department of economic development created — divisions — agencies — boards and commissions — personnel — powers and duties — rules, procedure. — 1. There is hereby created a "Department of Economic Development" to be headed by a director appointed by the governor, by and…

620.014. Records on financial investments, sales or business plans to be deemed closed records, when. — Records and documents submitted to the department of economic development, to the Missouri economic development, export and infrastructure board, or to a regional planning comm…

620.015. Administrative fund, uses, administration of. — The director of the department of economic development shall administer a revolving "Department of Economic Development Administrative Fund", which is hereby established, and shall be funded annually by appropriations. Such…

620.016. Job training or development contracts or reimbursement for services, department to reimburse contractors. — When the department of economic development contracts or reimburses entities for services related in any way to job training and development programs directly prov…

620.017. Grants, loans or other financial assistance or services programs, funds to be used solely for required purpose, certain information required — failure to comply, funds must be repaid to department, contract law governs — annual report required, elements. — 1. The departm…

620.020. Business relocating outside state to be furnished information and alternatives on request. — Upon the request of the president or chief executive officer of a Missouri based business, the department of economic development shall, to the maximum extent practicable, gather…

620.030. Department's authority to contract with certain entities and organizations for technology and technology development services. — The department of economic development shall have the authority to contract directly with the Missouri technology corporation, as established …

620.035. Duties as to energy activities — department may enter into contracts and agreements, when. — 1. The department of economic development shall be vested with the powers and duties prescribed by law and shall have the power to carry out the following activities: (1) Assessi…

620.1000. Definitions. — As used in sections 620.1000 to 620.1007, the following terms mean: (1) "Department", the Missouri department of economic development; (2) "Director", the director of the Missouri small business development centers program that is an employee of the host …

620.1001. Small business development fund created — distribution — lapse into general revenue prohibited, exception — interest and income to be credited to fund. — 1. There is hereby established in the state treasury a special trust fund to be known as the "Missouri Small Busines…

620.1003. Centers, duties and powers. — The Missouri small business development centers in cooperation with appropriate department programs shall provide managerial and technical assistance to the small businesses. The centers shall also: (1) Furnish one-to-one business counselin…

620.1005. Governmental agencies to supply reports, statistical data and other materials — publication of data by director, costs. — 1. In order to ensure that all programs and activities related to the purposes of sections 620.1000 to 620.1007 are carried out in a coordinated man…

620.1007. Annual report to whom. — The director shall annually prepare and submit to the department, the governor and to the general assembly a report on the activities and financial expenditures of the Missouri small business development centers program for the year. ­­-------- …

620.1020. Business extension service team program created, purpose, duties — expenses. — There is hereby created within the department of economic development a "Business Extension Service Team" program. The purpose of the teams shall be to provide technical and management assist…

620.1023. Business extension service team fund created — qualified community development projects — department's authority to contract directly, purpose — lapse into general revenue prohibited. — 1. There is hereby created in the state treasury a revolving fund to be administered…

620.1025. Director, duties. — The director of the department of economic development shall: (1) Review requests for assistance submitted by Missouri companies, including those in financial difficulty and in danger of closing; (2) Determine which companies that submit requests cou…

620.1027. Teams, duties. — A business extension service team shall: (1) Develop a plan for a successful applicant to help the company to become more competitive. The plan may include, but is not limited to, recommendations for changes in: (a) Management strategies; (b) Modernizat…

620.1028. Selection of team members — factors, provision of productivity assessment. — 1. The department of economic development may directly contract with regional, not-for-profit organizations to work with regional offices of the department and with businesses located within re…

620.1029. Rulemaking, procedure — information relating to request for assistance from business extension service team to be confidential. — 1. The director of the department of economic development may promulgate rules and regulations for the operation of the business extension s…

620.1030. New jobs fund created — sources, uses, conditions — conditional effective date. — 1. There is hereby created in the state treasury a revolving fund to be known as the "New Jobs Fund" to be administered by the department of economic development. 2. The general assembly m…

620.1037. Twenty-first century communities demonstration project established — purpose — rulemaking, procedure. — There is hereby established within the department of social services a pilot project to be known as the "Twenty-first Century Communities Demonstration Project". Subj…

620.1039. Qualified research expenses —definitions — tax credit, exception — certification by director of economic development — transfer of credits, application, restrictions and procedure — rules — limitations on credit — sunset provision. — 1. As used in this section, the foll…

620.1045. Citation of law. — Sections 620.1045 to 620.1063 shall be known and may be cited as the "Missouri Capital Access Program Act". ­­-------- (L. 1994 H.B. 1248 & 1048 § 1)

620.1048. Definitions. — As used in sections 620.1045 to 620.1063, the following terms mean: (1) "Borrower", any small business that receives a loan with respect to which an amount is added to a program loss reserve account as provided in sections 620.1045 to 620.1063; (2) "Depar…

620.1051. Program loss reserve account set aside, amount — certification, transfer of amount — recovery of losses. — 1. When a financial institution originates a loan pursuant to sections 620.1045 to 620.1063 to a borrower, such financial institution shall set aside an amount int…

620.1053. Deposit of funds, interest — control of account — use of funds. — All amounts set aside by the financial institution, collected from the borrower and contributed by the department shall be deposited by the institution into a program loss reserve account established at a…

620.1055. Capital access program fund created. — The state treasurer shall credit any moneys received from the department pursuant to sections 620.1045 to 620.1063 to the credit of the "Missouri Capital Access Program Fund", which is hereby created in the state treasury. Notwiths…

620.1058. Use of loans — amount — limitation. — Any loan made pursuant to the Missouri capital access program shall be used predominantly for business activities within the state of Missouri. No program loan when aggregated with other program loans by the same financial instituti…

620.1060. Prohibited loans — definitions. — 1. No financial institution shall make a loan pursuant to sections 620.1045 to 620.1063 to a borrower if the borrower is an executive officer, director or principal shareholder of the institution or is a member of the immediate family o…

620.1063. Withdrawal from program, effect — withdrawal of funds — examination of accounts authorized. — 1. A participating financial institution which withdraws from the program may not recover any set-aside contributions which have been made to a loss reserve account. If a progr…

620.1066. Rulemaking procedure. — The department of economic development is authorized to adopt, promulgate, amend or repeal any rules or regulations necessary to carry out the provisions of sections 620.1045 to 620.1081. ­­-------- (L. 1994 H.B. 1248 & 1048 § 9, A.L. 1995 S.B. 3…

620.1069. Microenterprise loan program — definitions, purpose — oversight committee, duties. — 1. The department of economic development is authorized to administer a microenterprise loan program. For purposes of sections 620.1069 to 620.1081, the term "microenterprise" means a s…

620.1072. Microenterprise loan fund created — purpose — lapse into general revenue prohibited — percentage to be reserved for female-owned microenterprises. — 1. The "Microenterprise Revolving Loan Fund" is hereby created in the state treasury. The fund shall consist of all money…

620.1075. Standards for eligibility of lenders and borrowers — rules promulgation procedure — rules invalid, when. — The department of economic development, with the advice of the oversight committee established pursuant to section 620.1069, may adopt and promulgate rules and reg…

620.1078. Distribution of moneys — interest — categories of permissible loans. — The department of economic development shall distribute moneys, in the form of loans or grants to eligible lenders from the microenterprise revolving loan fund within the limits of appropriations mad…

620.1081. Determination of basic policy, rules. — The department of economic development shall determine the basic policies for the microenterprise loan program and shall promulgate rules and regulations, if necessary, to establish the loan program and implement the provisions of…

620.1100. Youth opportunities and violence prevention program established, purpose — advisory committee defined, members, appointment — fund, establishment, administration — program criteria, evaluation — database, development, operation. — 1. The "Youth Opportunities and Violenc…

620.1103. Department may assign moneys, limitations — agreement, audit authorized — repayment of funds. — 1. Notwithstanding any provision of law to the contrary, the department may in its discretion assign moneys from the youth opportunities and violence prevention fund to any e…

[Repealed or reserved.]

620.1210. Commission duties and objectives — coordination with local film offices. — 1. There is hereby established within the department of economic development the "Office of the Missouri Film Commission". The objectives of this office shall be to: (1) Explain the benefits and …

620.1220. Location of commission, promotion of film by other state agencies, transfers of staff by other agencies. — The office of the Missouri film commission shall be located in Jefferson City and shall replace any state agency, division or staff which, on August 28, 1996, sect…

620.1230. Personnel provided by department of economic development. — The department of economic development shall provide the necessary personnel, within appropriations available therefor, to staff the office of the film commission, which shall be located in Jefferson City. ­­--…

620.1240. Administration by director, rulemaking authority. — The director of the department of economic development shall administer sections 620.1210 to 620.1240. The director may issue such orders and promulgate such administrative rules that, in the opinion of the director, a…

620.1300. Cost benefit analysis on certain programs, selection of analyzing firm, distribution of analysis — subjects analyzed. — A cost benefit analysis shall be prepared to evaluate the effectiveness of all tax credit programs, as defined by section 135.800, and all programs op…

620.1350. Investment funds service corporation may make annual election to compute income derived within state — procedure. — 1. The words used in this section and sections 620.1355 and 620.1360 shall, unless the context otherwise requires, have the meaning provided in subdivisio…

620.1355. Director to certify corporations — factors to be considered — certificate issued when — failure to qualify, applicant's right of appeal — nonresident corporations, director may issue opinion, when. — The director shall certify an investment funds service corporation or …

620.1360. Application for certificate, director to develop — rules promulgation procedure — rules invalid, when. — The director shall prescribe the method for making application for certification, and may issue such rules and regulations as are necessary to administer this sectio…

620.1500. Governor's advisory council on agriculture science and technology created, members, duties, expenses. — 1. There is hereby created within the department of economic development the "Governor's Advisory Council on Agriculture Science and Technology". The council shall co…

620.1580. Advisory committee for electronic commerce established, members, terms, meetings. — 1. There is hereby established within the department of economic development the "Advisory Committee for Electronic Commerce". The purpose of the committee shall be to advise the various…

620.1620. Major conventions — definitions — fund created — issuance of grants, procedure — report — refunds — sunset provision. — 1. This section shall be known and may be cited as the "Meet in Missouri Act". 2. As used in this section, the following terms shall mean: (1) "Direct…