reglab/housing_qa huggingface dataset:
MO Rev Stat § 620.1053 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1053 - Deposit of funds, interest — control of account — use of funds.

Effective - 28 Aug 1994   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 location in Missouri where the institution operates. The money deposited in this account shall bear interest at a rate at least equal to the institution's rate on the lower of passbook savings accounts, NOW accounts or interest-bearing checking accounts. The program loss reserve account for any financial institution shall be maintained by such institution but shall be the property of and under the control of the department of economic development of the state of Missouri. The program loss reserve account shall be dedicated and may only be used to cover losses on loans made pursuant to sections 620.1045 to 620.1063. All earnings, whether interest or other earnings, on any program loss reserve account shall be credited to the program loss account. At the end of each quarter, any accumulated interest on any program loss account shall be sent to the department for deposit in the Missouri capital access program fund which is created in section 620.1055. ­­-------- (L. 1994 H.B. 1248 & 1048 § 4)
MO Rev Stat § 620.1055 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1055 - Capital access program fund created.

Effective - 28 Aug 1994   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. Notwithstanding the provisions of section 33.080 to the contrary, money in this fund shall not be transferred and placed to the credit of general revenue. ­­-------- (L. 1994 H.B. 1248 & 1048 § 5)
MO Rev Stat § 620.1058 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1058 - Use of loans — amount — limitation.

Effective - 28 Aug 1994   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 institution to the same borrower shall exceed five hundred thousand dollars. No program loan shall be used to refinance prior nonprogram debt nor shall any program loan be made for passive real estate purposes. ­­-------- (L. 1994 H.B. 1248 & 1048 § 6)
MO Rev Stat § 620.1060 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1060 - Prohibited loans — definitions.

Effective - 28 Aug 1994   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 of an executive officer, director or principal shareholder of the institution, or a related interest of such executive officer, director or principal shareholder or member of the immediate family.  2. For purposes of this section, the following terms mean:  (1) "Immediate family", the spouse of the individual, the individual's minor children and any of the individual's children, including adults, residing in the individual's home;  (2) "Related interest of the person":  (a) A company that is controlled by the person; or  (b) A political or campaign committee that is controlled by such person or the funds or services of which will benefit such person. ­­-------- (L. 1994 H.B. 1248 & 1048 § 7)
MO Rev Stat § 620.1063 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1063 - Withdrawal from program, effect — withdrawal of funds — examination of accounts authorized.

Effective - 28 Aug 2008   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 program loan loss reserve account continuously exceeds the outstanding balance of the institution's enrolled loans for twenty-four consecutive months, the department may withdraw such excess to reduce the program loss reserve account to an amount equal to one hundred percent of such outstanding balance. Any funds withdrawn pursuant to this subsection shall be placed in the Missouri capital access program fund.  2. The division of finance of the department of commerce and insurance is authorized to examine all program loss reserve accounts maintained by financial institutions. No financial institution may participate in the program unless such financial institution agrees to allow the division of finance to conduct such examinations. ­­-------- (L. 1994 H.B. 1248 & 1048 § 8, A.L. 2008 S.B. 788)
MO Rev Stat § 620.1066 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1066 - Rulemaking procedure.

Effective - 28 Aug 1995   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)
MO Rev Stat § 620.1069 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1069 - Microenterprise loan program — definitions, purpose — oversight committee, duties.

Effective - 23 Dec 1997   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 small business, with no more than ten employees, in which the owner, or members of the owner's immediate family, provide the majority of management and a significant amount of labor required to operate the business. For purposes of sections 620.1069 to 620.1081, the term "immediate family" means the spouse of an owner, the owner's children, including the owner's adult children, who reside in the owner's home. The loan program shall be designed to provide financing for the expansion, modernization or improvement of existing microenterprises or for the commencement of new microenterprises.  2. The director of the department of economic development shall appoint an oversight committee of nine members which may include, but is not limited to, representatives of state government, banks, business assistance providers, entrepreneurs, or not-for-profit organizations, to assist in administering the provisions of sections 620.1069 to 620.1081. The director of the department of economic development, or the director's designee, shall serve as chairman of the oversight committee. The committee shall be appointed to serve at the pleasure of the director and shall receive no compensation, but shall be reimbursed for expenses incurred in the performance of any duties required as members of the oversight committee. The committee, after review of applications, shall designate microenterprise loan programs in the state and the geographical boundaries in which each will operate. ­­-------- (L. 1994 H.B. 1248 & 1048 § 10, A.L. 1997 2d Ex. Sess. S.B. 1)  Effective 12-23-97
MO Rev Stat § 620.1072 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1072 - Microenterprise loan fund created — purpose — lapse into general revenue prohibited — percentage to be reserved for female-owned microenterprises.

Effective - 23 Dec 1997   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 moneys appropriated to it by the general assembly, all gifts, grants and bequests from federal, private or any other source, and all repayment of moneys from eligible lenders, for the purpose of assisting new or expanding microenterprises. Notwithstanding the provisions of section 33.080, no portion of the fund shall be transferred to the general revenue fund at the end of any biennium.  2. Diligent efforts to assure that at least thirty percent of the moneys in the fund shall be available to, and reserved for, female-owned microenterprises. ­­-------- (L. 1994 H.B. 1248 & 1048 § 11, A.L. 1997 2d Ex. Sess. S.B. 1)  Effective 12-23-97
MO Rev Stat § 620.1075 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1075 - Standards for eligibility of lenders and borrowers — rules promulgation procedure — rules invalid, when.

Effective - 23 Dec 1997   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 regulations for determining eligible lenders and eligible borrowers pursuant to sections 620.1069 to 620.1081. No rule or portion of a rule promulgated under the authority of sections 620.1069 to 620.1081 shall become effective unless it has been promulgated pursuant to the provisions of chapter 536. All rulemaking authority delegated prior to June 27, 1997, is of no force and effect and repealed; however, nothing in this section shall be interpreted to repeal or affect the validity of any rule filed or adopted prior to June 27, 1997, if such rule complied with the provisions of chapter 536. The provisions of this section and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536, including the ability to review, to delay the effective date, or to disapprove and annul a rule or portion of a rule, are subsequently held unconstitutional, then the purported grant of rulemaking authority and any rule so proposed and contained in the order of rulemaking shall be invalid and void. The standards shall include, but are not limited to, the following:  (1) All eligible lenders shall be approved by the oversight committee, and each eligible lender shall maintain all records of all loans made pursuant to sections 620.1069 to 620.1081. Eligible lenders shall be community development corporations, community colleges or other community-based organizations which have experience in the area of business assistance;  (2) The total amount of any loan made to any one eligible borrower shall not exceed fifteen thousand dollars;  (3) Prior to receiving either an institution-based loan or a group-based loan from an eligible lender, each eligible borrower must confer with a qualified business assistance provider for advice on management techniques and other professional advice which the department of economic development may require to help ensure the likelihood of success for the microenterprise. A qualified business assistance provider may include the department of economic development, a small business assistance center, or any other similar organization approved by the department. ­­-------- (L. 1994 H.B. 1248 & 1048 § 12, A.L. 1997 2d Ex. Sess. S.B. 1)  Effective 12-23-97
MO Rev Stat § 620.1078 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1078 - Distribution of moneys — interest — categories of permissible loans.

Effective - 23 Dec 1997   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 made by the general assembly. The eligible lenders shall charge the market rate of interest for loans made pursuant to sections 620.1069 to 620.1081. No loan shall be made pursuant to sections 620.1069 to 620.1081 for the refinancing of existing debt. Loans may only be made by eligible lenders in any of the following categories:  (1) Group-based loans shall be available to microenterprises in need of loans between five hundred dollars and seven thousand five hundred dollars. A group-based loan program shall be approved by the eligible lending institution. A group shall consist of between five and seven eligible members who shall meet to make credit decisions, help one another in the solution of business problems, and receive loan repayments. The initial loan made by the group to the first eligible borrower shall not exceed two thousand five hundred dollars. All such loans shall be subject to examination by the state auditor;  (2) Institution-based loans shall be available to microenterprises directly from eligible lenders in amounts of between seven thousand five hundred dollars and fifteen thousand dollars. Such loans shall be made by eligible lenders who possess significant experience in providing business assistance. Repayment of such loans shall be placed in a revolving loan fund established by the eligible lender as provided in subdivision (1) of this section for group-based loans. Institution-based loan applications shall be reviewed by a credit committee which shall judge the merits of the proposed loan according to the local economy, the borrower's character, and the credit risk of the proposed loan. Institution-based loans shall be subject to examination by the state auditor the same as group-based loans;  (3) Challenge loans and grants shall be made available to eligible lenders. Such loans and grants shall be made to groups which demonstrate new or innovative approaches to microenterprise development, as determined by the oversight committee established pursuant to section 620.1069. All such loans and grants shall satisfy the requirements of section 620.1075. Loans shall be made available from a group to microenterprises in amounts of between five hundred dollars and seven thousand five hundred dollars. Repayment of such loans shall be placed in a revolving fund established by the lender similar to that as provided for in subdivision (1) of this section. ­­-------- (L. 1994 H.B. 1248 & 1048 § 13, A.L. 1997 2d Ex. Sess. S.B. 1)  Effective 12-23-97
MO Rev Stat § 620.1081 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1081 - Determination of basic policy, rules.

Effective - 28 Aug 1994   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 sections 620.1069 to 620.1081. Such rules and regulations shall be drafted so as to encourage maximum involvement and participation by eligible lenders in the microenterprise loan program. ­­-------- (L. 1994 H.B. 1248 & 1048 § 14)
MO Rev Stat § 620.1103 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1103 - Department may assign moneys, limitations — agreement, audit authorized — repayment of funds.

Effective - 28 Aug 1995   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 entity designated by the department, for programs designated in section 135.460, section 620.1100 and this section, including, but not limited to, schools, state agencies, political subdivisions and agencies thereof, not-for-profit corporations or not-for-profit organizations, the Missouri youth conservation corps, community action agencies, caring community programs, or any other entity or program such as any early childhood program, including, but not limited to, the parents as teachers program or similar programs; provided that, such assignment of funds does not exceed fifteen percent of the total value of the fund, and provided further that no more than ten percent of such funds assigned shall be used for administrative purposes.  2. Any entity receiving funds pursuant to the youth opportunities and violence prevention act shall sign an agreement to utilize such funds for the programs designated in section 135.460, section 620.1100 and this section. The state auditor may conduct an audit to monitor the utilization of funds assigned by the department. If an entity uses funds for purposes other than for the programs designated in section 135.460, section 620.1100 and this section, the department shall require the entity to repay such funds to the department. ­­-------- (L. 1995 H.B. 174, et al. § 14)  CROSS REFERENCE:  Tax credit for programs within youth opportunity program, 135.460
MO Rev Stat § 620.1200 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1200 - Missouri film commission established — members — terms — compensation, reimbursement — duties — recommendations submitted, when.

Effective - 28 Aug 2018, 2 histories   620.1200. Missouri film commission established — members — terms — compensation, reimbursement — duties — recommendations submitted, when. — 1. There is hereby established the "Missouri Film Commission" to advise the director of the department of economic development on the promotion of the development of film production and facilities in Missouri.  2. The commission shall be composed of five members, who have knowledge and experience with the motion picture industry, who shall be appointed by the director of the department of economic development.  3. The members of the commission appointed by the director shall be appointed to serve terms of three years; except that, of the members first appointed, two shall be appointed for a term of three years, two shall be appointed for a term of two years and one shall be appointed for a one-year term.  4. The members of the commission shall receive no compensation for serving on the commission but shall be reimbursed for their actual and necessary expenses incurred in the performance of their official duties.  5. The commission shall provide oversight and guidance to the director of the department of economic development in administering the office of the Missouri film commission, established in section 620.1210. The commission shall make recommendations to the governor and the general assembly on:  (1) The removal of barriers so that film production in Missouri may be more easily promoted; and  (2) The development of state incentives to attract private investment in film production in the state.  6. The commission shall submit its recommendations by January first of each year, beginning January 1, 1998. ­­-------- (L. 1996 H.B. 1237 § 2, A.L. 2018 S.B. 843)
MO Rev Stat § 620.1210 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1210 - Commission duties and objectives — coordination with local film offices.

Effective - 28 Aug 1996   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 advantages of producing motion pictures in Missouri, and describe the services and assistance available from the state and local governments for the producers of motion pictures;  (2) Scout potential film locations for national and international film prospects, and prepare and distribute promotional, informational and advertising material, which describe and promote locations within the state for the production of motion pictures;  (3) Encourage cooperation between local, state and federal government agencies in the location and production of motion pictures in the state;  (4) Serve as a liaison between film makers, community leaders and federal, state and local authorities;  (5) Assist motion picture companies in securing permits to film at specific locations within the state, and assist such companies in obtaining other needed services related to the production of motion pictures;  (6) Escort film production prospects on scouting trips;  (7) Prepare a directory of the persons, firms and governmental agencies available to assist in the production of motion pictures;  (8) Sponsor workshops on topics relating to filmmaking, including screen writing, film financing and the preparation of communities to attract and assist motion picture productions;  (9) Represent the state at film industry trade shows and film festivals;  (10) Produce and maintain a video library which depicts the variety and extent of the locations within Missouri, including rural locations, available for the production of motion pictures.  2. The office of the film commission, shall closely coordinate its efforts with any local film office. A "local film office" shall include any film office, tourism bureau or other economic development agency that seeks to promote film production funded principally by local governments in Missouri. ­­-------- (L. 1996 H.B. 1237 § 3)
MO Rev Stat § 620.1220 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1220 - Location of commission, promotion of film by other state agencies, transfers of staff by other agencies.

Effective - 28 Aug 1996   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, sections 620.1200 to 620.1240, provides services to the film industry or is organized to promote film production in Missouri. The department of economic development may transfer staff from any agency replaced by the office of the Missouri film commission to this office. ­­-------- (L. 1996 H.B. 1237 § 4)
MO Rev Stat § 620.1230 (2021)
2021 Missouri Revised Statutes|Title XL - Additional Executive Departments|Chapter 620 - Department of Economic Development|Section 620.1230 - Personnel provided by department of economic development.

Effective - 28 Aug 1996   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. ­­-------- (L. 1996 H.B. 1237 § 5)