reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1048 - Definitions.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 1994
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)
"Department"
, the Missouri department of economic development;
(3)
"Financial institution"
or
"institution"
, any bank, trust company, savings bank, credit union or savings and loan association with an office in Missouri which participates in the program;
(4)
"Loan"
, a loan, sale and lease back, financial lease, conditional sale or any other extension of credit;
(5)
"Program"
, the Missouri capital access program established in sections 620.1045 to 620.1063;
(6)
"Small business"
, an independently owned and operated business as defined in 15 U.S.C. 632(a) and as described by 13 CFR 121, which is headquartered in and which employs at least eighty percent of its employees in Missouri, except that no such business shall have more than one hundred employees nor shall such business's annual revenues have
*
exceeded five million dollars in its most recently completed fiscal year. Such business must be involved in manufacturing, processing or assembling products, conducting research and development or providing services, but shall not include retail, real estate, insurance or professional services.
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(L. 1994 H.B. 1248 & 1048 § 2)
*Word "have" does not appear in original rolls.
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1051 - Program loss reserve account set aside, amount — certification, transfer of amount — recovery of losses.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 1994
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 into a program loss reserve account. Such amount shall be agreed upon by it and the borrower, and shall not be less than one and one-half percent or more than three and one-half percent of the principal of the loan. The borrower shall deposit into the program loss reserve account an amount equal to the amount set aside by the financial institution. The financial institution may loan the borrower the amount deposited on behalf of the borrower and such amount may be added to the principal of the loan.
2. The financial institution shall certify to the department, on forms prescribed by the department and accompanied by any documentation required by the department, that such financial institution has made a loan pursuant to sections 620.1045 to 620.1063 and has set aside a contribution and has collected from the borrower and deposited on behalf of the borrower an equal amount into the program loss reserve account. Upon receipt of such certification, the department shall verify that such certification complies with the provisions of sections 620.1045 to 620.1063. The department shall then transfer to the financial institution from the Missouri capital access program an amount equal to the combined amounts of the institution and the borrower which have been deposited in the program loss reserve account, except that for the first two million dollars in loans made by the financial institution pursuant to the provisions of sections 620.1045 to 620.1063, the department shall transfer to the institution an amount equal to one hundred fifty percent of the combined total amount deposited by the institution and the borrower in the program loss reserve account.
3. A financial institution which suffers a loss on any loan made pursuant to sections 620.1045 to 620.1063 may, upon application and providing proof satisfactory to the department, recover from the program loss reserve account its losses, which may include principal, up to six months accrued interest and any collection expenses. If the department approves the financial institution's application for recovery provided for by this subsection, the institution, at the request of the department, shall be required to assign to the department all rights and interests in such loan for which a recovery was approved. The department shall then have legal standing to pursue the collection of such loan.
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(L. 1994 H.B. 1248 & 1048 § 3)
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1994 H.B. 1248 & 1048 § 4)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1055 - Capital access program fund created.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1994 H.B. 1248 & 1048 § 5)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1058 - Use of loans — amount — limitation.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1994 H.B. 1248 & 1048 § 6)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1060 - Prohibited loans — definitions.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1994 H.B. 1248 & 1048 § 7)
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1994 H.B. 1248 & 1048 § 8, A.L. 2008 S.B. 788)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1066 - Rulemaking procedure.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1994 H.B. 1248 & 1048 § 9, A.L. 1995 S.B. 3)
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 23 Dec 1997, see footnote
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.
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(L. 1994 H.B. 1248 & 1048 § 10, A.L. 1997 2d Ex. Sess. S.B. 1)
Effective 12-23-97
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 23 Dec 1997, see footnote
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.
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(L. 1994 H.B. 1248 & 1048 § 11, A.L. 1997 2d Ex. Sess. S.B. 1)
Effective 12-23-97
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 23 Dec 1997, see footnote
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.
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(L. 1994 H.B. 1248 & 1048 § 12, A.L. 1997 2d Ex. Sess. S.B. 1)
Effective 12-23-97
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 23 Dec 1997, see footnote
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.
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(L. 1994 H.B. 1248 & 1048 § 13, A.L. 1997 2d Ex. Sess. S.B. 1)
Effective 12-23-97
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1081 - Determination of basic policy, rules.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1994 H.B. 1248 & 1048 § 14)
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1995 H.B. 174, et al. § 14)
CROSS REFERENCE:
Tax credit for programs within youth opportunity program, 135.460
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1996 H.B. 1237 § 2, A.L. 2018 S.B. 843)
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1996 H.B. 1237 § 3)
2023 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.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1996 H.B. 1237 § 4)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1230 - Personnel provided by department of economic development.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• 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.
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(L. 1996 H.B. 1237 § 5)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1240 - Administration by director, rulemaking authority.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 1996
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, are necessary to execute and enforce the purposes of sections 620.1210 to 620.1240. No rule or portion of a rule promulgated pursuant to the authority of sections 620.1210 to 620.1240 shall become effective unless it has been promulgated pursuant to the provisions of chapter 536.
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(L. 1996 H.B. 1237 § 6)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1300 - Cost benefit analysis on certain programs, selection of analyzing firm, distribution of analysis — subjects analyzed.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2004
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 operated by the department of economic development for which the department approves tax credits, loans, loan guarantees, or grants. Each analysis shall be conducted by the state auditor, and shall include, but not be limited to, the costs for each program, the direct state and indirect state benefits and the direct local and indirect local benefits associated with each program, the safeguards to protect noneconomic influences in the award of programs administered by the department, and the likelihood of the economic activity taking place without the program. The result of each analysis shall be published and distributed, by January 1, 2001, and at least every four years thereafter, to the governor, the speaker of the house of representatives, the president pro tem of the senate, the chairman of the house budget committee, the chairman of the senate appropriations committee, the joint committee on tax policy, and the joint committee on economic development policy and planning.
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(L. 1996 H.B. 1237 § 27, A.L. 1999 H.B. 701, A.L. 2004 S.B. 1099)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1350 - Investment funds service corporation may make annual election to compute income derived within state — procedure.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2018, 2 histories
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 subdivision (4) of subsection 2 of section 143.451, and in addition, the following words shall have the following meanings:
(1)
"Department"
, the department of economic development;
(2)
"Director"
, the director of the department of economic development.
2. An investment funds service corporation or S corporation, certified pursuant to this section and sections 620.1355 and 620.1360, may make an annual election to compute the portion of income derived from sources within this state either pursuant to section 143.451 or pursuant to section 32.200 relating to the multistate tax compact. The annual election shall be made by the filing of a corporate income tax return reflecting the use of such election and by filing a copy of the certificate issued by the director pursuant to the provisions of this section and sections 620.1355 and 620.1360. The annual election may be made regardless of whether the corporation filed its income tax return on a single entity basis or was included in a consolidated income tax return in any year.
3. Notwithstanding the provisions of subsection 2 of this section to the contrary, for all tax years beginning on or after January 1, 2020, an investment funds service corporation or S corporation, certified pursuant to this section and sections 620.1355 and 620.1360, shall compute the portion of income derived from sources within this state pursuant to section 143.455.
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(L. 1997 2d Ex. Sess. S.B. 1 § 620.1350 subsecs 1, 2, A.L. 2018 S.B. 884)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1360 - Application for certificate, director to develop — rules promulgation procedure — rules invalid, when.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 01 Jan 1998, see footnote
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 section and sections 620.1350 and 620.1355. No rule or portion of a rule promulgated under the authority of this section and sections 620.1350 and 620.1355 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 and sections 620.1350 and 620.1355 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 sections 620.1350 and 620.1355 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.
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(L. 1997 2d Ex. Sess. S.B. 1 § 620.1350 subsec. 3)
Effective 1-01-98
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1500 - Governor's advisory council on agriculture science and technology created, members, duties, expenses.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
Effective - 28 Aug 2006
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 consist of seven members. Two members shall be Missouri farmers, of which one member shall be a Missouri grain producer and one member shall be a Missouri livestock producer. The members of the council shall be appointed by and serve at the pleasure of the governor. The governor shall appoint one of the members as chairperson. At the council's discretion, it may call upon experts for advice and consultation on the issues in question.
2. The council's duties shall include but not be limited to the following, as they relate to agricultural science and technology:
(1) Apprising the governor of new developments in the scientific and technological communities;
(2) Providing scientific inquiry into regulatory matters, upon the governor's request;
(3) Identifying strengths, weaknesses, and long-term needs of the state regarding science and technology;
(4) Predicting potential economic opportunities for the state in the plant biotechnology industry; and
(5) Apprising the governor of new developments in forestry technologies.
3. The members of the council shall serve without compensation except that the members shall be reimbursed for reasonable travel and meeting expenses related to the functions of the council.
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(L. 2006 S.B. 1008)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1580 - Advisory committee for electronic commerce established, members, terms, meetings.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
Effective - 28 Aug 2014, 2 histories
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 agencies of the state of Missouri on issues related to electronic commerce.
2. The committee shall be composed of thirteen members, who shall be appointed by the director of the department of economic development, as follows:
(1) One member shall be the director of the department of economic development;
(2) One member shall be an employee of the department of revenue;
(3) One member shall be an employee of the department of labor and industrial relations;
(4) One member shall be the secretary of state;
(5) One member shall be the chief information officer for the information technology services division;
(6) Seven members shall be from the business community, with at least one such member being from an organization representative of industry, and with at least one such member being from an organization representative of independent businesses, and with at least one such member being from an organization representative of retail business, and with at least one such member being from an organization representative of local or regional commerce; and
(7) One member shall be from the public at large.
3. The members of the committee shall serve for terms of two years duration, and may be reappointed at the discretion of the director of the department of economic development. Members of the committee shall not be compensated for their services, but shall be reimbursed for actual and necessary expenses incurred in the performance of their service on the committee.
4. The director of the department of economic development shall serve as chair of the committee and shall designate an employee or employees of the department of economic development to staff the committee, or to chair the committee in the director's absence.
5. The committee shall meet at such places and times as are designated by the director of the department of economic development, but shall not meet less than twice per calendar year.
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(L. 2001 H.B. 453, A.L. 2014 H.B. 1299 Revision)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1875 - Title of law.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2005
620.1875. Title of law. —
Sections 620.1875 to 620.1890 shall be known and may be cited as the "Missouri Quality Jobs Act".
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(L. 2005 S.B. 343)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1884 - Rulemaking authority.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2005
620.1884. Rulemaking authority. —
The department may adopt such rules, statements of policy, procedures, forms, and guidelines as may be necessary to carry out the provisions of sections 620.1875 to 620.1890. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2005, shall be invalid and void.
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(L. 2005 S.B. 343)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1887 - Quality jobs advisory task force created, members.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2005
620.1887. Quality jobs advisory task force created, members. —
There is hereby created a volunteer task force, to be known as the "Quality Jobs Advisory Task Force", which shall consist of the chairperson of the economic development committee of the Missouri senate or his or her designee, a member of the economic development committee of the Missouri senate appointed by the minority leader of the Missouri senate, the chairperson of the economic development committee of the Missouri house of representatives or his or her designee, a member of the economic development committee of the Missouri house of representatives appointed by the minority leader of the Missouri house of representatives, the director of the department of economic development or his or her designee, and two members to be appointed by the governor with the advice and consent of the senate.
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(L. 2005 S.B. 343)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.1890 - Report to the general assembly, contents.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2005
620.1890. Report to the general assembly, contents. —
Prior to March first each year, the department will provide a report on the program to the general assembly including the names of participating companies, location of such companies, the annual amount of benefits provided, the estimated net state fiscal impact (direct and indirect new state taxes derived from the project), the number of new jobs created or jobs retained, the average wages of each project, and the types of qualified companies using the program.
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(L. 2005 S.B. 343)
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.2000 - Citation of law.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2013
620.2000. Citation of law. —
Sections 620.2000 to 620.2020 shall be known and may be cited as the "Missouri Works Program".
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(L. 2013 H.B. 184)
Sunset date 8-28-30, see § 620.2020
Termination date 9-01-31, see § 620.2020
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.2100 - Commission established, members — fund established — duties of commission — expiration date.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
Effective - 28 Aug 2017
620.2100. Commission established, members — fund established — duties of commission — expiration date. —
1. There is hereby established the "Ozark Exploration Bicentennial Commission".
2. The commission shall consist of the following members:
(1) Two representatives appointed by the speaker of the house of representatives;
(2) Two senators appointed by the president pro tempore of the senate;
(3) One faculty member of Missouri State University appointed by university leadership;
(4) The director of the division of tourism or his or her designee;
(5) Two members representing historical societies within the area of exploration, one appointed by the speaker of the house of representatives and one appointed by the president pro tempore of the senate;
(6) Two members of the public appointed by the speaker of the house of representatives; and
(7) Two members of the public appointed by the president pro tempore of the senate.
3. Members of the commission shall be appointed by October 1, 2017.
4. Members of the commission shall serve without compensation. The division of tourism shall provide administrative support for the commission.
5. There is hereby established in the state treasury the "Ozark Exploration Bicentennial Fund" to be held separate and apart from all other public moneys and funds of the state. The fund may accept state and federal appropriations, grants, bequests, gifts, fees, and awards to be held for use by the Ozark exploration bicentennial commission. Notwithstanding the provisions of section 33.080 to the contrary, moneys remaining in the fund at the end of any biennium shall not revert to general revenue. The state treasurer shall be custodian of the fund. In accordance with sections 30.170 and 30.180, the state treasurer may approve disbursements. The state treasurer shall invest moneys in the fund in the same manner as other funds are invested. Any interest and moneys earned on such investments shall be credited to the fund.
6. The duties of the commission shall include, but not be limited to:
(1) Organizing and coordinating efforts relating to the bicentennial celebration of the exploration of the Ozarks in 1819; and
(2) Promoting public awareness of the importance and cultural significance of the exploration to Missouri history.
7. The commission shall be dissolved and the provisions of this section shall expire on June 30, 2019.
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(L. 2017 S.B. 161)
Expires 6-30-19
2023 Missouri Revised Statutes › Title XL - Additional Executive Departments › Chapter 620 - Department of Economic Development › Section 620.2450 - Program established, expanded access to broadband internet service — definitions.

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620
• Effective - 28 Aug 2022, 2 histories
620.2450. Program established, expanded access to broadband internet service — definitions. —
1. A grant program is hereby established under sections 620.2450 to 620.2458 to award grants to applicants who seek to expand access to and improve the reliability of broadband internet service in unserved and underserved areas of the state. The department of economic development shall administer and act as the fiscal agent for the grant program and shall be responsible for receiving and reviewing grant applications and awarding grants under sections 620.2450 to 620.2458. Funding for the grant program established under this section shall be subject to appropriation by the general assembly.
2. As used in sections 620.2450 to 620.2458, the following terms shall mean:
(1)
"Project"
, the acquisition and installation of retail broadband internet service in unserved and underserved areas of the state;
(2)
"Underserved area"
, a project area without access to wireline or fixed wireless broadband internet service of speeds of at least one hundred megabits per-second download and twenty megabits per-second upload;
(3)
"Unserved area"
, a project area without access to wireline or fixed wireless broadband internet service of speeds of at least twenty-five megabits per-second download and three megabits per-second upload.
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(L. 2018 H.B. 1456 merged with H.B. 1872, A.L. 2022 S.B. 820)
Sunset date 6-30-27
Termination date 9-01-28