reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.510 - Contracts with federal government, provisions for conveyance of project and land to federal government — authorized, reconveyance when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.510. Contracts with federal government, provisions for conveyance of project and land to federal government — authorized, reconveyance when. —
In any contract for financial assistance with the federal government the authority may obligate itself, which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding any other laws, to convey to the federal government possession of or title to the project and land therein to which such contract relates which is owned by the authority, upon the occurrence of a substantial default, as defined in such contract, with respect to the covenants or conditions to which the authority is subject; such contract may further provide that in case of such conveyance, the federal government may complete, operate, manage, lease, convey or otherwise deal with the project in accordance with the terms of such contract; provided, that the contract requires that, as soon as practicable after the federal government is satisfied that all defaults with respect to the project have been cured and that the project will thereafter be operated in accordance with the terms of the contract, the federal government shall reconvey to the authority the project as then constituted.
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(L. 1967 p. 172 § 22)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.520 - Execution or judicial process, property and funds of authority exempt from, exceptions.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.520. Execution or judicial process, property and funds of authority exempt from, exceptions. —
All property including funds of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against an authority be a charge or lien upon its property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to foreclose or otherwise enforce any mortgage of an authority or the right of obligees to pursue any remedies for the enforcement of any pledge or lien given by the authority on its rents, fees, grants or revenues.
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(L. 1967 p. 172 § 23)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.530 - Public bodies may assist a project, how.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.530. Public bodies may assist a project, how. —
For the purpose of aiding and cooperating in the planning, undertaking or carrying out of a project located within the area in which it is authorized to act, any public body may, upon such terms, with reasonable consideration, as it may determine:
(1) Dedicate, sell, convey or lease any of its interest in any property, or grant easements, licenses or any other rights or privileges therein to an authority;
(2) Cause parks, playgrounds, recreational, community, educational, water, sewer or drainage facilities, or any other works which it is otherwise empowered to undertake, to be furnished in compliance with a plan;
(3) Furnish, dedicate, close, vacate, pave, install, grade, regrade, plan or replan streets, roads, sidewalks, ways or other places, which it is otherwise empowered to undertake;
(4) Plan or replan, zone or rezone any part of the public body or make exceptions from building regulations and ordinances if such functions are of the character which the public body is otherwise empowered to perform;
(5) Cause administrative and other services to be furnished to the authority of the character which the public body is otherwise empowered to undertake or furnish for the same or other purposes;
(6) Incur the entire expense of any public improvements made by such public body in exercising the powers granted in this section;
(7) Do any and all things necessary or convenient to aid and cooperate in the planning or carrying out of a plan;
(8) Lend, grant or contribute funds to an authority;
(9) Employ any funds belonging to or within the control of such public body, including funds derived from the sale or furnishing of property, service, or facilities to an authority, in the purchase of the bonds or other obligations of an authority and, as the holder of such bonds or other obligations, exercise the rights connected therewith; and
(10) Enter into agreements, which may extend over any period, notwithstanding any provision or rule of law to the contrary, with an authority respecting action to be taken by such public body pursuant to any of the powers granted by this law. If at any time title to, or possession of, any project is held by any public body or governmental agency, other than the authority, authorized by law to engage in the undertaking, carrying out or administration of projects, including any agency or instrumentality of the United States of America, the provisions of such agreements shall inure to the benefit of and
*
may be enforced by such public body or governmental agency.
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(L. 1967 p. 172 § 24)
*Word "any" appears in original rolls.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.540 - Sales by public body to authority, how made.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.540. Sales by public body to authority, how made. —
Any sale, conveyance, lease or agreement provided for in section 100.530 may be made by a public body without appraisal, public notice, advertisement or public bidding.
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(L. 1967 p. 172 § 25)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.550 - Cities may levy taxes or sell bonds to finance grants to an authority.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.550. Cities may levy taxes or sell bonds to finance grants to an authority. —
Any city located in whole or in part within the area of operation of an authority may grant funds to an authority for the purpose of aiding such authority in carrying out any of its powers and functions under this law. To obtain funds for this purpose the community may levy taxes or may issue and sell its bonds. Any bonds to be issued by the city pursuant to the provisions of this section shall be issued in the manner and within the limitations, except as herein otherwise provided, prescribed by the laws of this state for the issuance and authorization of such bonds for public purposes generally.
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(L. 1967 p. 172 § 26)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.560 - Two or more authorities may cooperate in a project.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.560. Two or more authorities may cooperate in a project. —
1. Any two or more authorities may join or cooperate with one another in the exercise of any or all of the powers conferred hereby for the purpose of planning, undertaking or financing a project or projects located within the area or areas of operation of any one or more of said authorities.
2. When a project or projects are planned, undertaken or financed on a regional or unified metropolitan basis, the terms
"governing body"
and
"community"
as used in this law shall mean the governing bodies of the appropriate communities and the appropriate communities cooperating in the planning, undertaking or financing of such project or projects.
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(L. 1967 p. 172 § 27)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.570 - Ad valorem tax benefits available, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.570. Ad valorem tax benefits available, when. —
The ad valorem tax exemption benefits contained in chapter
*
353, RSMo 1959, of "The Urban Redevelopment Corporation Law" and more specifically in sections 353.110 and 353.150(4), shall not be available to any urban redevelopment corporation on lands and improvements situated within a project area under this law, unless the governing body by a three-fourths vote of such body approves the ad valorem tax exemption benefits.
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(L. 1967 p. 172 § 28)
*Word "section" appears in original rolls.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.580 - Annual report of authority, contents — satisfactory progress of projects, procedure to determine.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1982
100.580. Annual report of authority, contents — satisfactory progress of projects, procedure to determine. —
1. At least once a year, an authority shall file with the clerk a report of its activities for the preceding year, and shall make recommendations with reference to such additional legislation or other action as it deems necessary in order to carry out the purposes of this law.
2. Within sixty days after August 13, 1982, and every five years thereafter, the governing body shall hold a public hearing regarding those industrial development projects under the jurisdiction of the authority. The purpose of the hearing shall be to determine if the authority is making satisfactory progress under the proposed time schedule contained within the approved plans for completion of such projects. Notice of such public hearing shall be given in a newspaper of general circulation in the area served by the authority once each week for four weeks immediately prior to the hearing.
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(L. 1967 p. 172 § 29, A.L. 1982 H.B. 1411 & 1587)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.590 - Authority may assume projects of constitutional charter cities, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.590. Authority may assume projects of constitutional charter cities, when. —
Any authority empowered to undertake and carry out projects in a constitutional charter city under this law is hereby authorized to and may, upon such terms and conditions as it may determine not inconsistent with this law, and with the consent of the governing body of such constitutional charter city, contract to and take over, assume, continue and carry out all undertakings, obligations, rights, powers, plans and activities, not inconsistent with this law, of such constitutional charter city relating to planned or existing projects for industrial development.
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(L. 1967 p. 172 § 30)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.600 - Any municipality authorized to prepare a master plan for physical development of community.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.600. Any municipality authorized to prepare a master plan for physical development of community. —
The governing body of any municipality, which is not otherwise authorized to establish a planning agency with power to prepare a master plan for the physical development of the community, is hereby authorized and empowered to prepare such a master plan for the purposes of initiating and carrying out a project under this law.
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(L. 1967 p. 172 § 31)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.610 - Law to be liberally construed.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.610. Law to be liberally construed. —
This law shall be construed liberally to effectuate the purposes hereof. Insofar as the provisions of this law are inconsistent with the provisions of any other law, the provisions of this law shall be controlling.
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(L. 1967 p. 172 § 32)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.620 - Powers conferred in this law to be supplemental to existing powers.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1967
100.620. Powers conferred in this law to be supplemental to existing powers. —
The powers conferred by this law shall be in addition and supplemental to the powers conferred by any other law.
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(L. 1967 p. 172 § 33)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.700 - Title.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.700. Title. —
Sections 100.700 to 100.850 shall be known as the "Missouri Business Use Incentives for Large-Scale Development Act".
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(L. 1996 H.B. 1237 § 7)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.720 - Additional powers of Missouri development finance board — certificates, state credit for.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.720. Additional powers of Missouri development finance board — certificates, state credit for. —
1. The Missouri development finance board shall have, in addition to the powers provided to it in sections 100.250 to 100.297, and with the approval of the department, all the powers necessary to carry out and effectuate the purposes and provisions of sections 100.700 to 100.850, including, but not limited to, the power to:
(1) Provide and finance economic development projects, pursuant to the provisions of sections 100.700 to 100.850, and cooperate with eligible industries in order to promote, foster and support economic development within the state;
(2) Conduct hearings and inquiries, in the manner and by the methods as it deems desirable, for the purpose of gathering information with respect to eligible industries and economic development projects, and for the purpose of making any determinations necessary or desirable in the furtherance of sections 100.700 to 100.850; and
(3) Negotiate the terms of, including the amount of project costs, and enter into financing agreements with eligible industries, and in connection therewith to acquire, convey, sell, mortgage, finance or otherwise dispose of any property, real or personal, loan bond proceeds, and permit the use of assessments, in connection with an economic development project, and to pay, or cause to be paid, in accordance with the provisions of a financing agreement, the program costs of an economic development project from any funds available therefor.
2. Certificates issued by the board pursuant to the provisions of sections 100.700 to 100.850 shall not constitute an indebtedness or liability of the state of Missouri within the meaning of any state constitutional provision or statutory limitation, shall not constitute a pledge of the faith and credit of the state of Missouri, shall not be guaranteed by the credit of the state, and unless approved by a concurrent resolution of the general assembly, no certificate in default shall be paid by the state of Missouri.
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(L. 1996 H.B. 1237 § 9)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.730 - Establishment of procedures to determine eligible industries — authority to request information.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.730. Establishment of procedures to determine eligible industries — authority to request information. —
1. The department, in conjunction with the board, shall establish the procedures and standards for the determination and approval of eligible industries and their economic development projects by the promulgation of rules or regulations in accordance with sections 100.700 to 100.850, chapter 536, and section 620.1066. These rules or regulations shall mandate the evaluation of the credit worthiness of eligible industries, the number of new jobs to be provided by an economic development project to residents of the state, and the likelihood of the economic success of the economic development project. No economic development project which will result in the replacement of facilities existing in the state shall be approved by the board.
2. With respect to each eligible industry making an application to the board for incentives, and with respect to the economic development project described in the application, the board shall request relevant information, documentation and other materials and make inquiries of the applicant as necessary or appropriate. After a diligent review of relevant materials and completion of its inquiries, the board may by resolution designate an economic development project.
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(L. 1996 H.B. 1237 § 10)
CROSS REFERENCE:
Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.740 - Financing agreement, authority to enter into.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.740. Financing agreement, authority to enter into. —
The board may enter into, with the approval of the department and in consultation with the office of administration, with any eligible industry, a financing agreement with respect to its economic development project. Subject to the inclusion of the mandatory provisions set forth in sections 100.700 to 100.850, the terms and provisions of each financing agreement shall be determined by negotiations between the board and the eligible industry.
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(L. 1996 H.B. 1237 § 11)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.750 - Financing agreement, contents.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.750. Financing agreement, contents. —
The financing agreement shall provide in substance that:
(1) It may be assigned by the eligible industry only upon the prior written consent of the board following the adoption of a resolution by the board to such effect; and
(2) Upon default by the eligible industry in any obligations under the financing agreement or other documents evidencing, securing or related to the eligible industry's obligations, the board shall have the right, at its option, to:
(a) Declare the financing agreement or other such documents in default;
(b) Accelerate and declare the total of all such payments due by the eligible industry and sell the economic development project at public, private, or judicial sale;
(c) Pursue any remedy provided under the financing agreement or other such documents;
(d) Be entitled to the appointment of a receiver by the circuit court wherein any part of the economic development project is located; and
(e) Pursue any other applicable legal remedy.
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(L. 1996 H.B. 1237 § 12)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.760 - Credit agreement, conditions.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 04 Jun 2009, see footnote
100.760. Credit agreement, conditions. —
After receipt of an application, the board may, with the approval of the department, enter into an agreement with an eligible industry for a credit pursuant to sections 100.700 to 100.850 if the board determines that all of the following conditions exist:
(1) The applicant's project will create new jobs that were not jobs previously performed by employees of the applicant in Missouri;
(2) The applicant's project is economically sound and will benefit the people of Missouri by increasing opportunities for employment and strengthening the economy of Missouri;
(3) Significant local incentives with respect to the project or eligible industry have been committed, which incentives may consist of:
(a) Cash or in-kind incentives derived from any nonstate source, including incentives provided by the affected political subdivisions, private industry and/or local chambers of commerce or similar such organizations; and/or
(b) Relief from local taxes, in either case as acceptable to the board;
(4) Receiving the credit is a major factor in the applicant's decision to go forward with the project and not receiving the credit will result in the applicant not creating new jobs in Missouri; and
(5) Awarding the credit will result in an overall positive fiscal impact to the state.
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(L. 1996 H.B. 1237 § 13, A.L. 1997 2d Ex. Sess. S.B. 1, A.L. 2009 H.B. 191)
Effective 6-04-09
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.770 - Factors considered in awarding credit.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 04 Jun 2009, see footnote
100.770. Factors considered in awarding credit. —
In determining the credit that should be awarded, the board shall take into consideration the following factors:
(1) The economy of the county where the projected investment is to occur;
(2) The potential impact on the economy of Missouri;
(3) The payroll attributable to the project;
(4) The capital investment attributable to the project;
(5) The amount the average wage paid by the applicant exceeds the average wage paid within the county in which the project will be located;
(6) The costs to Missouri and the affected political subdivisions with respect to the project; and
(7) The financial assistance that is otherwise provided by Missouri and the affected political subdivisions.
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(L. 1996 H.B. 1237 § 14, A.L. 2009 H.B. 191)
Effective 6-04-09
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.780 - Board authority to determine projects, assessments, credits and refunds, credit and assessment time limit.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.780. Board authority to determine projects, assessments, credits and refunds, credit and assessment time limit. —
The board shall determine the amount and duration of a project and its associated assessments, credits and refunds. The credit amount may not exceed the estimated assessment. Assessments made for any project may not exceed a period of fifteen years.
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(L. 1996 H.B. 1237 § 15)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.790 - Agreement contents.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.790. Agreement contents. —
An agreement between the board and an eligible industry shall include all of the following:
(1) A detailed description of the project that is the subject of the agreement;
(2) A specific method for determining the number of new employees employed during a taxable year who are performing jobs not previously performed by an employee of the eligible industry;
(3) A requirement that the taxpayer shall annually report to the board the number of new employees who are performing jobs not previously performed by an employee, the total amount of salaries and wages paid to eligible employees in new jobs, and any other information the board needs to perform its duties pursuant to sections 100.700 to 100.850;
(4) A requirement that the taxpayer shall provide written notification to the director and the board not more than thirty days after the taxpayer makes or receives a proposal that would transfer the taxpayer's state tax liability obligations to a successor taxpayer;
(5) Any other performance conditions that the board and the director determine are appropriate; and
(6) A requirement that the taxpayer shall maintain operations at the project location for at least a period of time equal to the number of years for which credits are authorized in the financing agreement with the board.
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(L. 1996 H.B. 1237 § 16)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.800 - Noncompliance by eligible industry, determination, penalty.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.800. Noncompliance by eligible industry, determination, penalty. —
If the board determines that an eligible industry, which has received a credit pursuant to sections 100.700 to 100.850, is not complying with the requirements of the credit agreement or all of the provisions of sections 100.700 to 100.850, the board shall, after giving the industry an opportunity to explain the noncompliance, notify the department of revenue of the noncompliance and request a penalty. The board shall state the amount of the penalty, which may not exceed the sum of any previously allowed assessments pursuant to sections 100.700 to 100.850.
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(L. 1996 H.B. 1237 § 17)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.810 - Evaluation of program.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.810. Evaluation of program. —
On an annual basis, the director shall provide for an evaluation of the program. The evaluation shall include an assessment of the effectiveness of the program in creating new jobs in Missouri and of the revenue impact of the program. The director shall submit a report on the evaluation to the governor, the president pro tem of the senate, and the speaker of the house of representatives.
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(L. 1996 H.B. 1237 § 18)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.820 - Program costs, how paid, assessments.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.820. Program costs, how paid, assessments. —
An agreement between the board and an eligible industry shall provide that all or part of program costs are to be met by receipt of assessments. Assessments shall be based upon wages paid to eligible employees. If business or employment conditions cause the amount of the assessment to be less than the amount projected in the agreement for any time period, then the employer shall pay to the board the amount of such difference, then a portion of withholding tax paid by the employer pursuant to sections 143.191 to 143.265 may be credited to the board by the amount of such difference. The employer shall remit the amount of the assessment to the board. When all program costs, including the principal of, premium, if any, and interest on the certificates have been paid, the employer credits shall cease.
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(L. 1996 H.B. 1237 § 19)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.830 - Special fund, purposes — certification by employer.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1996
100.830. Special fund, purposes — certification by employer. —
1. The board shall establish a special fund for and in the name of each project. All received by the board in respect of the project and required by the agreement to be used to pay program costs for the project shall be deposited in the special fund. Amounts held in the special fund may be used and disbursed by the board only to pay program costs for the project.
2. Any disbursement in respect of a project pursuant to the provisions of sections 100.700 to 100.850, and the special fund into which it is paid, may be irrevocably pledged by the board for the payment of the principal of, premium, if any, and interest on the certificate issued by the board to finance or refinance, in whole or in part, the project.
3. The employer shall certify to the department of revenue that the assessment is in accordance with an agreement and shall provide other information the department may require.
4. If an agreement provides that all or part of program costs are to be met by receipt of assessments, the provisions of this section shall also apply to any successor to the original employer until such time as the principal and interest on the certificates have been paid.
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(L. 1996 H.B. 1237 § 20)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.840 - Board, powers to borrow money — issue and sell certificates — sale or exchange of refunding certificates — certificates not indebtedness of state.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 07 Jul 2003, see footnote
100.840. Board, powers to borrow money — issue and sell certificates — sale or exchange of refunding certificates — certificates not indebtedness of state. —
1. To provide funds for the present payment of the costs of economic development projects, the board may borrow money and issue and sell certificates payable from a sufficient portion of the future receipts of payments authorized by the agreement. The receipts shall be pledged to the payment of principal of and interest on the certificates. Certificates may be sold at public sale or at private sale at par, premium, or discount of not less than ninety-five percent of the par value thereof, at the discretion of the board, and may bear interest at such rate or rates as the board shall determine, notwithstanding the provisions of section 108.170 to the contrary. Certificates may be issued with respect to a single project or multiple projects and may contain terms or conditions as the board may provide by resolution authorizing the issuance of the certificates.
2. Certificates issued to refund other certificates may be sold at public sale or at private sale as provided in this section with the proceeds from the sale to be used for the payment of the certificates being refunded. The refunding certificates may be exchanged in payment and discharge of the certificates being refunded, in installments at different times or an entire issue or series at one time. Refunding certificates may be sold or exchanged at any time on, before, or after the maturity of the outstanding certificates to be refunded. Certificates may be issued for the purpose of refunding a like, greater or lesser principal amount of certificates and may bear a higher, lower or equivalent rate of interest than the certificates being renewed or refunded.
3. The board shall determine if revenues provided in the agreement are sufficient to secure the faithful performance of obligations in the agreement.
4. Certificates issued pursuant to this section shall not be deemed to be an indebtedness of the state or the board or of any political subdivision of the state.
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(L. 1996 H.B. 1237 § 21, A.L. 1997 2d Ex. Sess. S.B. 1, A.L. 2003 H.B. 289 and S.B. 620)
Effective 6-18-03 (S.B. 620); 7-07-03 (H.B. 289)
Contingent expiration date, see § 135.284
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.850 - Assessments remittal, job development assessment fee — company records available to board, when — when remitted assessment ceases — tax credit amount, cap, claiming credit — refunds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 04 Jun 2009, 7 histories, see footnote
100.850. Assessments remittal, job development assessment fee — company records available to board, when — when remitted assessment ceases — tax credit amount, cap, claiming credit — refunds. —
1. The approved company shall remit to the board a job development assessment fee, not to exceed five percent of the gross wages of each eligible employee whose job was created as a result of the economic development project, or not to exceed ten percent if the economic development project is located within a distressed community as defined in section 135.530, for the purpose of retiring bonds which fund the economic development project.
2. Any approved company remitting an assessment as provided in subsection 1 of this section shall make its payroll books and records available to the board at such reasonable times as the board shall request and shall file with the board documentation respecting the assessment as the board may require.
3. Any assessment remitted pursuant to subsection 1 of this section shall cease on the date the bonds are retired.
4. Any approved company which has paid an assessment for debt reduction shall be allowed a tax credit equal to the amount of the assessment. The tax credit may be claimed against taxes otherwise imposed by chapters 143 and 148, except withholding taxes imposed under the provisions of sections 143.191 to 143.265, which were incurred during the tax period in which the assessment was made.
5. In no event shall the aggregate amount of tax credits authorized by subsection 4 of this section exceed twenty-five million dollars annually. Of such amount, nine hundred fifty thousand dollars shall be reserved for an approved project for a world headquarters of a business whose primary function is tax return preparation that is located in any home rule city with more than four hundred thousand inhabitants and located in more than one county, which amount reserved shall end in the year of the final maturity of the certificates issued for such approved project.
6. The director of revenue shall issue a refund to the approved company to the extent that the amount of credits allowed in subsection 4 of this section exceeds the amount of the approved company's income tax.
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(L. 1996 H.B. 1237 § 22, A.L. 1998 H.B. 1656, A.L. 2003 H.B. 289 and S.B. 620, A.L. 2004 H.B. 1182 and S.B. 1155 and S.B. 1394, A.L. 2005 S.B. 343, A.L. 2009 H.B. 191)
Effective 6-04-09
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.005 - Missouri consolidated health care plan established, purpose — powers to carry out plan.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.005. Missouri consolidated health care plan established, purpose — powers to carry out plan. —
For the purpose of covering medical expenses of the officers, employees and retirees, the eligible dependents of officers, employees and retirees and to the surviving spouses and children of deceased officers, employees and retirees of the state and participating member agencies of the state, there is hereby created and established a health care plan which shall be a body corporate, which shall be under the management of the board of trustees herein described, and shall be known as the "Missouri Consolidated Health Care Plan". Notwithstanding any provision of law to the contrary, such plan may sue and be sued, transact business, contract, invest funds and hold cash, securities and other property and shall be vested with such other powers as may be necessary or proper to enable it, its officers, employees, and agents to carry out fully and effectively all the purposes of sections 103.003 to 103.175.
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(L. 1992 H.B. 1574 § 1 subsec. 2)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.008 - Administration to be by board of trustees — members, qualifications, appointment, terms — vacancies.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 2018, 2 histories
103.008. Administration to be by board of trustees — members, qualifications, appointment, terms — vacancies. —
1. The general administration and the responsibility for the proper operation of the plan is vested in a board of trustees of thirteen persons, as follows: the director of the department of health and senior services, the director of the department of commerce and insurance, the commissioner of the state office of administration serving ex officio, one member of the senate from the majority party appointed by the president pro tem of the senate and one member of the senate from the minority party appointed by the president pro tem of the senate with the concurrence of the minority floor leader of the senate, one member of the house of representatives from the majority party appointed by the speaker of the house of representatives and one member of the house of representatives from the minority party appointed by the speaker of the house of representatives with the concurrence of the minority floor leader of the house of representatives, two members of the system who are current employees elected by a plurality vote of members of the system who are also current employees for a term of four years, one member of the system who is a retiree elected by a plurality vote of retired members of the system for a term of four years, and three members appointed by the governor with the advice and consent of the senate. Of the three members appointed by the governor, all shall be citizens of the state of Missouri who are not members of the plan, but who are familiar with medical issues.
2. Except for the legislative members, the director of the department of health and senior services, the director of the department of commerce and insurance, and the commissioner of the office of administration, trustees shall be chosen for terms of four years from the first day of January next following their election or appointment. Any vacancies occurring in the office of trustee shall be filled in the same manner the office was filled previously.
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(L. 1992 H.B. 1574 § 1 subsecs. 3, 4, A.L. 1996 H.B. 1400, A.L. 2000 S.B. 885, A.L. 2018 S.B. 843)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.010 - MOSERS medical staff will serve jointly on both boards — rates and services, decisions prior to January 1, 1994, to be made by MOSERS board.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.010. MOSERS medical staff will serve jointly on both boards — rates and services, decisions prior to January 1, 1994, to be made by MOSERS board. —
MOSERS medical staff will serve jointly on both boards. All decisions on rates and services for dates prior to January 1, 1994, shall be determined by the MOSERS board. All decisions after that date shall be determined by the Missouri consolidated health care plan board.
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(L. 1992 H.B. 1574 § 1 subsec. 5)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.012 - Board chairman and vice chairman elected annually by secret ballot — powers and duties.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.012. Board chairman and vice chairman elected annually by secret ballot — powers and duties. —
The board shall elect by secret ballot one member as chairman and one member as vice chairman in January of each year. The chairman shall preside over the meetings of the board and perform such other duties as may be required by action of the board. The vice chairman shall perform the duties of the chairman in the absence of the latter or upon the chairman's inability or refusal to act.
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(L. 1992 H.B. 1574 § 1 subsec. 6)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.014 - Executive director appointed by board, not to be board member — powers and duties.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.014. Executive director appointed by board, not to be board member — powers and duties. —
The board shall appoint an executive director, not one of their number, who shall be the executive officer of the board and shall have charge of the offices, records and employees of the plan, subject to the direction of the board.
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(L. 1992 H.B. 1574 § 1 subsec. 7)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.016 - Executive director and staff to be state employees — board members not to be employed by plan for four years after leaving board, exception.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.016. Executive director and staff to be state employees — board members not to be employed by plan for four years after leaving board, exception. —
The executive director and all other employees of the plan shall be state employees and eligible for all corresponding benefits. Except by the unanimous vote of the board, no person who has served as a trustee of the board may become an employee of the plan until four years have expired between the date of his or her resignation, termination, or other removal as trustee and the date of his or her appointment as an employee of the plan.
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(L. 1992 H.B. 1574 § 1 subsec. 8)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.019 - Staff salaries to be set by board.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.019. Staff salaries to be set by board. —
1. Employees of the plan shall receive such salaries and necessary expenses as shall be fixed by the board.
2. Subject to the provisions of the constitution, the board of trustees shall have exclusive jurisdiction and control over the funds and property of the plan and may employ and fix the compensation of necessary employees.
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(L. 1992 H.B. 1574 § 1 subsecs. 9, 27)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.020 - Summons and writs to be served on executive director.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.020. Summons and writs to be served on executive director. —
Any summons or other writ issued by the courts of the state shall be served upon the executive director.
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(L. 1992 H.B. 1574 § 1 subsec. 10)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.023 - Actuary or actuarial firm to give technical advice.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.023. Actuary or actuarial firm to give technical advice. —
The board shall employ or contract with an actuary or firm of actuaries familiar with health care financing as technical advisor to the board on matters regarding the operation and funding of the plan from an actuarial basis and shall perform such duties as are from time to time required by the board.
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(L. 1992 H.B. 1574 § 1 subsec. 11)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.025 - Annual audit of records and accounts by CPA.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 2013
103.025. Annual audit of records and accounts by CPA. —
The board shall arrange for annual audits of the records and accounts of the plan by a certified public accountant or firm of certified public accountants.
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(L. 1992 H.B. 1574 § 1 subsec. 12, A.L. 2013 H.B. 116)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.027 - Records to be open to public — annual report on financial condition of plan, content.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.027. Records to be open to public — annual report on financial condition of plan, content. —
The board shall keep a record of its proceedings, which shall be open to public inspection. The board shall prepare annually and make available a report showing the financial condition of the plan which shall contain, but not be limited to, a financial balance sheet, a statement of income and disbursements, a detailed statement of investments acquired and disposed of during the year, together with a detailed statement of the annual rates on investment return from all assets and from each type of investment, a listing of all advisors and consultants retained by the board and such other data as the board shall deem necessary or desirable for a proper understanding of the condition of the plan.
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(L. 1992 H.B. 1574 § 1 subsec. 13)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.029 - Attorney at law may be employed for legal advice and representation.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.029. Attorney at law may be employed for legal advice and representation. —
The board may employ or contract with an attorney at law or firm of attorneys to be the legal advisor of the board and to represent the board in all legal proceedings.
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(L. 1992 H.B. 1574 § 1 subsec. 14)
2023 Missouri Revised Statutes › Title VIII - Public Officers and Employees, Bonds and Records › Chapter 103 - Health Plan for State Employees › Section 103.032 - Investment counselors may be employed for investment advice, qualifications, duties.

Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 103
• Effective - 28 Aug 1992
103.032. Investment counselors may be employed for investment advice, qualifications, duties. —
The board may employ or contract with an investment counselor or counselors to be the investment advisor to the board. The board may delegate to such investment counselor authority to act in place of the board in the investment and reinvestment of all or part of the moneys of the plan, and may also delegate to such counselor the authority to act in place of the board in the holding, purchasing, selling, assigning, transferring or disposing of any or all securities and investments in which such moneys have been invested, as well as the proceeds of such investments. Such investment counselor or counselors shall be registered as an investment advisor with the United States Securities and Exchange Commission. In exercising or delegating its investment powers and authority, members of the board shall exercise ordinary business care prudence under the facts and circumstances prevailing at the time of the action or decision. In so doing, the board shall consider long- and short-term needs of the plan in carrying out its purposes, the plan's present and anticipated financial requirements, the expected total return on the plan's investment, general economic conditions, income, growth, long-term net appreciation, and probable safety of funds. No member of the board shall be liable for any action taken or omitted with respect to the exercise of or delegation of these powers and authority if such member shall have discharged the duties of his or her position in good faith and with that degree of diligence, care, and skill which prudent men and women would ordinarily exercise under similar circumstances in a like position.
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(L. 1992 H.B. 1574 § 1 subsec. 15)