reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.125 - Notes and bond issues to be authorized by resolution containing terms.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.125. Notes and bond issues to be authorized by resolution containing terms. —
The notes and bonds shall be authorized by resolution of the authority, shall bear such date or dates and shall mature at such time or times as such resolution may provide; except, that no bond shall mature more than fifty years from the date of its issue. The bonds may be issued as serial bonds payable in annual installments or as term bonds, or as a combination thereof. The notes and bonds shall bear interest at such rate or rates, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places within or without the state, and be subject to such terms of redemption as such resolution may provide. The notes and bonds of the authority may be sold by the authority, at public or private sale, at such price as the authority shall determine.
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(L. 1981 H.B. 681 § 27)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.130 - Pledges of authority to be liens on all authority assets.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.130. Pledges of authority to be liens on all authority assets. —
Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The revenues, moneys, or property so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the authority, irrespective of whether such parties have notice thereof.
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(L. 1981 H.B. 681 § 28)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.135 - Facsimile signatures, validity.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.135. Facsimile signatures, validity. —
In case any of the commissioners, executive director, or officers of the authority whose signatures or facsimile signatures appear on any notes, bonds, or coupons shall cease to be such commissioners, executive director, or officers before the delivery of such notes or bonds, such signatures or facsimile signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners, directors, or officers had remained in office until such delivery.
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(L. 1981 H.B. 681 § 29)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.140 - Redemption of notes and bonds — powers — price.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.140. Redemption of notes and bonds — powers — price. —
The authority, subject to such agreement with noteholders or bondholders as may then exist, shall have the power, out of any funds available therefor, to purchase notes or bonds of the authority, which shall thereupon be cancelled, at a price not exceeding:
(1) If the notes or bonds are then redeemable, the redemption price then applicable plus accrued interest to the next interest payment thereon; or
(2) If the notes or bonds are not then redeemable, the redemption price applicable on the first date after such purchase upon which the notes or bonds become subject to redemption plus accrued interest to such date.
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(L. 1981 H.B. 681 § 30)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.145 - Issuance of refunding obligations — terms, how determined.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.145. Issuance of refunding obligations — terms, how determined. —
The authority may provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding which have been issued under the provisions of sections 348.005 to 348.180, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such obligations and for any corporate purpose of the authority. The issuance of such obligations, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the authority in respect to the same shall be governed by the provisions of sections 348.005 to 348.180 which relate to the issuance of obligations, insofar as such provisions may be appropriate therefor.
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(L. 1981 H.B. 681 § 31)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.150 - Sale or exchange of refunding obligation, proceeds, purposes and investments authorized.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.150. Sale or exchange of refunding obligation, proceeds, purposes and investments authorized. —
Refunding obligations issued as provided in section 348.145 may be sold or exchanged for outstanding obligations issued under sections 348.005 to 348.180 and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption, or payment of such outstanding obligations. Pending the application of the proceeds of any such refunding obligations, with any other available funds, to the payment of the principal, accrued interest, and any redemption premium on the obligations being refunded, and, if so provided or permitted in the resolution authorizing the issuance of such refunding obligations or in the trust agreement securing the same, to the payment of any interest on such refunding obligations and any expenses in connection with such refunding, such proceeds may be invested in direct obligations of, or obligations the principal of and the interest on which are unconditionally guaranteed by the United States government, or any agency thereof, which shall mature or which shall be subject to redemption by the holders thereof, at the option of such holders, not later than the respective dates when the proceeds, together with the interest accruing thereon, will be required for the purposes intended.
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(L. 1981 H.B. 681 § 32)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.155 - Compliance with other state laws regulating bonds, notes, obligations, not required.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.155. Compliance with other state laws regulating bonds, notes, obligations, not required. —
The issuance of bonds, notes, and other obligations and refunding bonds under the provisions of sections 348.005 to 348.180 need not comply with the requirements of any other state law applicable to the issuance of bonds, notes, and other obligations. No proceedings, notice, or approval shall be required for the issuance of any such bonds, notes, and other obligations, or any instrument as security therefor, except as is provided in sections 348.005 to 348.180.
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(L. 1981 H.B. 681 § 33)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.160 - Alteration or impairment of terms, rights and remedies by state, prohibited — face of instruments to contain state pledge.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.160. Alteration or impairment of terms, rights and remedies by state, prohibited — face of instruments to contain state pledge. —
The state does hereby pledge to and agree with the holders of any notes or bonds issued under sections 348.005 to 348.180 that the state shall not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreement made with such holders thereof, nor in any way impair the rights and remedies of such holders until such notes and bonds, together with the interest thereon and the interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.
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(L. 1981 H.B. 681 § 34)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.165 - Official person executing bonds and notes, no personal liability.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.165. Official person executing bonds and notes, no personal liability. —
Neither the commissioners, the executive director of the authority, nor any other person executing the notes or bonds of the authority shall be subject to any personal liability or accountability by reason of the issuance thereof.
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(L. 1981 H.B. 681 § 35)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.170 - Bonds and notes of authority deemed negotiable instruments, subject to registration.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.170. Bonds and notes of authority deemed negotiable instruments, subject to registration. —
1. Whether or not the notes and bonds are of such form and character as to be negotiable instruments under the terms of the Missouri uniform commercial code, the notes and bonds are hereby made negotiable instruments within the meaning of and for all the purposes of the Missouri uniform commercial code, subject only to the provisions contained in such notes and bonds for registration.
2. Bonds issued by the authority shall be deemed to be securities issued by a public instrumentality and body corporate.
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(L. 1981 H.B. 681 §§ 36, 37)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.175 - Investment powers and limitations of authority.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.175. Investment powers and limitations of authority. —
The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of sections 348.005 to 348.180, and subject to any agreement with bondholders or noteholders, to invest moneys of the authority, including proceeds form the sale of any bonds or notes, in:
(1) Direct obligations of or obligations guaranteed as to principal and interest by the United States government, or any agency thereof, or by the state of Missouri;
(2) Obligations issued by the Government National Mortgage Association, Bank for Cooperatives, Federal Intermediate Credit Banks, Federal Home Loan Bank System, or Federal Land Banks, or by the Federal National Mortgage Association;
(3) Negotiable or nonnegotiable certificates of deposit issued by any bank which is insured by the Federal Deposit Insurance Corporation, or its successor corporation, if then in existence;
(4) Any other obligations of this state or of the United States, or any agency or instrumentality of either, which may then be purchased with funds belonging to this state or held in the state treasury; or
(5) Such securities and deposit accounts as are permissible for the investment of state public funds by the state treasurer.
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(L. 1981 H.B. 681 § 38)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.180 - Annual report — audit.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.180. Annual report — audit. —
The authority shall, following the close of each fiscal year, submit an annual report of its activities for the preceding year to the governor and the general assembly. Each report shall set forth a complete operating and financial statement for the authority during the fiscal year it covers. At least once in each year, an independent certified public accountant shall audit the books and accounts of the authority.
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(L. 1981 H.B. 681 § 39)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.181 - Records of Missouri agricultural and small business development authority to be closed, when.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1998
348.181. Records of Missouri agricultural and small business development authority to be closed, when. —
Records and documents submitted by program applicants and lenders to the Missouri agricultural and small business development authority relating to financial investments in a business, or sales projections or processes or other business plan information which if released or otherwise made public may endanger the competitiveness of a business, or records and documents submitted to the authority relating to financial assistance that is awarded by the authority, except for the amount and recipient of any loan or grant from a program administered by the authority shall be deemed a closed record as such term is defined in section 610.010, may be discussed in a meeting that has been closed pursuant to section 610.022, and shall not be subject to the provisions of sections 109.200 to 109.310, the state and local records laws. Such records and documents may be released by the authority upon written approval by the applicant.
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(L. 1998 H.B. 950 § 1)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.185 - Statement of purpose.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994
348.185. Statement of purpose. —
In recognition of the role of agriculture in the economic well-being of this state and in recognition that opportunities to succeed in agriculture should not be limited by the economic means of persons engaged in agriculture, the general assembly of the state of Missouri declares that state assistance in the guarantee of loans made to enable independent family-farm producers to enter and succeed in the development and operation of single-purpose animal facilities will benefit the state of Missouri economically and socially and is a public purpose of great importance.
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(L. 1994 H.B. 1248 & 1048)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.190 - Loan guarantee program — rules, regulations, promulgation, procedure.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1995
348.190. Loan guarantee program — rules, regulations, promulgation, procedure. —
In addition to the duties and powers established in sections 348.005 to 348.180, the Missouri agricultural and small business development authority shall develop and implement a single-purpose animal facilities loan guarantee program as provided in sections 348.185 to 348.225. The authority shall promulgate rules and regulations necessary to carry out the purposes of sections 348.185 to 348.225. The rules and regulations promulgated pursuant to sections 348.185 to 348.225 shall be designed to encourage maximum involvement and participation by lenders and financial institutions in the loan guarantee program. The authority shall be the administrative agency for the implementation of the loan guarantee program, and may employ such persons as necessary, within the limits of appropriations made for that purpose, to administer the loan guarantee program. No rule or portion of a rule promulgated under the authority of sections 348.185 to 348.225 shall become effective unless it has been promulgated pursuant to the provisions of section 536.024.
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(L. 1994 H.B. 1248 & 1048, A.L. 1995 S.B. 3)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.195 - Certificate of guaranty may be issued, conditions — eligible lender, defined — participation fee, amount — limitation of amount.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 2003
348.195. Certificate of guaranty may be issued, conditions — eligible lender, defined — participation fee, amount — limitation of amount. —
1. The authority may issue certificates of guaranty covering a first loss guarantee up to but not more than fifty percent of the loan on a declining principal basis for loans to individuals executing a note or other evidence of a loan made for livestock production or other single-purpose animal facility, including animal waste systems or livestock purchase, but not to exceed the amount of two hundred fifty thousand dollars for any one individual and to pay from the single-purpose animal facilities loan guarantee fund to an eligible lender up to fifty percent of the amount on a declining principal basis of any loss on any guaranteed loan made under the provisions of sections 348.185 to 348.225, in the event of default on the loan. Upon payment of the loan, the authority shall be subrogated to all the rights of the eligible lender.
2. As used in sections 348.185 to 348.225, the term
"eligible lender"
means those entities defined as "lenders" under subdivision (8) of section 348.015.
3. The authority shall charge for each guaranteed loan a one-time participation fee of one percent which shall be collected by the lender at the time of closing and paid to the authority. In addition, the authority may charge a special loan guarantee fee of up to one percent per annum of the outstanding principal which shall be collected from the borrower by the lender and paid to the authority. Amounts so collected shall be deposited in the single-purpose animal facilities loan program fund and used, upon appropriation, to pay the costs of administering the program.
4. All moneys paid to satisfy a defaulted guaranteed loan shall only be paid out of the single-purpose animal facilities loan guarantee fund established by sections 348.185 to 348.225.
5. The total outstanding guaranteed loans shall at no time exceed an amount which, according to sound actuarial judgment, would allow immediate redemption of twenty percent of the outstanding loans guaranteed by the fund at any one time.
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(L. 1994 H.B. 1248 & 1048, A.L. 2003 H.B. 464 merged with S.B. 388)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.200 - Single-purpose animal facilities loan guarantee fund established — administration.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1997
348.200. Single-purpose animal facilities loan guarantee fund established — administration. —
1. There is hereby established in the state treasury the "Single-Purpose Animal Facilities Loan Guarantee Fund". The fund shall consist of money appropriated to it by the general assembly, charges, gifts, grants and bequests from federal, private or other sources. Notwithstanding the provisions of section 33.080, no portion of the fund shall be transferred to the general revenue fund.
2. All moneys received by the authority for payments made on previously defaulted guaranteed loans shall be paid promptly into the state treasury and deposited in the fund.
3. The fund shall be administered by the Missouri agricultural and small business development authority organized pursuant to sections 348.005 to 348.180.
4. Beginning with fiscal year 1994-1995, the general assembly may appropriate moneys not to exceed four million dollars for the establishment and initial funding of the single-purpose animal facilities loan guarantee fund.
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(L. 1994 H.B. 1248 & 1048, A.L. 1997 H.B. 557)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.205 - Money not needed may be invested.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994
348.205. Money not needed may be invested. —
Moneys in the fund, both unobligated and obligated as a reserve, which in the judgment of the authority are not currently needed for payments of defaults of guaranteed loans, may be invested by the state treasurer, and any income therefrom shall be deposited to the credit of the fund.
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(L. 1994 H.B. 1248 & 1048)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.210 - Eligibility for guarantees for loans — rules — terms, conditions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 2003
348.210. Eligibility for guarantees for loans — rules — terms, conditions. —
1. Persons eligible for guarantees for loans under the provisions of sections 348.185 to 348.225 are individuals engaged in farming operations as defined in section 348.015, who intend to use the proceeds from the loan to finance breeding or feeder livestock, including the purchase of additional or replacement livestock, land, buildings, facilities, equipment, machinery, and animal waste facilities used to produce poultry, hogs, beef, or dairy cattle, or other animals and who are seeking a loan or loans to finance not more than ninety percent of the anticipated cost.
2. The authority shall adopt and promulgate regulations establishing eligibility under the provisions of sections 348.185 to 348.225, taking into consideration the individual's ability to repay the loan, the general economic conditions of the area in which the individual will be located, the prospect of success of the particular facility for which the loan is sought and such other factors as the authority may establish. The eligibility of any person for a loan guarantee under the provisions of sections 348.185 to 348.225 shall not be determined or otherwise affected by any consideration of that person's race, religion, sex, creed, color, or location of residence. The authority may also provide for:
(1) The requirement or nonrequirement of security or endorsement and the nature thereof;
(2) The manner and time of repayment of the principal and interest;
(3) The maximum rate of interest;
(4) The right of the borrower to accelerate payments without penalty;
(5) The amount of the guaranty charge;
(6) The effective period of the guaranty;
(7) The percent of the loan, not to exceed fifty percent, covered by the guaranty;
(8) The assignability of loans by the lender;
(9) Procedures in event of default by the borrower;
(10) The due diligence effort on the part of lenders for collection of guaranteed loans;
(11) Collection assistance to be provided to lenders; and
(12) The extension of the guaranty in consideration of duty in the Armed Forces, unemployment, natural disasters, or other hardships.
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(L. 1994 H.B. 1248 & 1048, A.L. 2003 H.B. 464 merged with S.B. 388)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.215 - Policy of collection and recovery.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994
348.215. Policy of collection and recovery. —
The authority, by rules and regulations, shall determine the policy of collections and recovery of loans, including the use of private collection agencies. The authority may institute action to recover any amount due the state in any loan transaction, use private collection agencies, or otherwise carry out the policy of the authority. The lender making the original loan shall cooperate with the authority in the collection of the loan and shall use its regular collection procedures prior to any action being undertaken by the authority.
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(L. 1994 H.B. 1248 & 1048)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.220 - Animal waste facilities loan program guarantees — priorities, limitations.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994
348.220. Animal waste facilities loan program guarantees — priorities, limitations. —
If the Missouri clean water commission makes available to the authority any funds for implementation of the authority's animal waste facilities loan program, loans made pursuant to that program are eligible for loan guarantees under the provisions of sections 348.185 to 348.225. A loan made under the animal waste facilities loan program may be combined with loans made by eligible lenders under the provisions of sections 348.185 to 348.225, but the eligible lender shall have first priority on payments of defaults from the fund. A loan made under the animal waste facilities loan program shall not be subject to any dollar amount limitation otherwise imposed by any provision of law or a loan guaranteed under the provisions of sections 348.185 to 348.225.
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(L. 1994 H.B. 1248 & 1048)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.225 - Single-purpose animal facilities loan program fund created — purpose.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994
348.225. Single-purpose animal facilities loan program fund created — purpose. —
There is hereby created in the state treasury the "Single-Purpose Animal Facilities Loan Program Fund". The fund shall consist of money collected and deposited pursuant to subsection 3 of section 348.195. Notwithstanding the provisions of section 33.080, no portion of the fund shall be transferred to the general revenue fund. The money in the single-purpose animal facilities loan program fund shall be used, upon appropriation, for administration of the program established under sections 348.185 to 348.225 and for no other purpose.
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(L. 1994 H.B. 1248 & 1048)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.230 - Linked deposit loans for dairy cows, first year of interest to be paid by authority — fee authorized.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 2008
348.230. Linked deposit loans for dairy cows, first year of interest to be paid by authority — fee authorized. —
1. The Missouri agricultural and small business development authority, subject to appropriation, shall pay for the first full year of charged interest on any applicable Missouri linked deposit program loan, as provided in sections 30.750 to 30.850. For the purpose of this section, the term
"applicable loan"
shall mean any loan made and used solely for the acquisition of dairy cows and other replacement dairy females.
2. The Missouri agricultural and small business development authority may charge a fee for the service in subsection 1 of this section, not to exceed fifty dollars per individual. Revenue generated from the fee shall be used to defray administrative costs.
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(L. 2008 S.B. 931)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.235 - Dairy business planning grants authorized — application procedure, fee — limit on grant — rulemaking authority.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 2008
348.235. Dairy business planning grants authorized — application procedure, fee — limit on grant — rulemaking authority. —
1. The Missouri agricultural and small business development authority, subject to appropriation not to exceed fifty thousand dollars, shall develop and implement dairy business planning grants as provided in this section.
2. The Missouri agricultural and small business development authority may charge an application fee for the grants developed under this section, not to exceed fifty dollars per application. Revenue generated from the application fee shall be used to defray the cost of administering the grants.
3. Eligible applicants shall be existing or start-up dairy operations wholly located in the state of Missouri that are at least fifty-one percent owned by residents of this state.
4. A single grant shall not exceed five thousand dollars or finance more than ninety percent of the cost of the business plan, whichever is less.
5. Proceeds from a grant shall only be used to contract with a dairy business planning professional that is approved by the Missouri agricultural and small business development authority.
6. The Missouri agricultural and small business development authority may promulgate rules establishing eligibility and award criteria under this section including, but not limited to, the following:
(1) The potential to improve the profitability, modernization, and expansion of the dairy operation;
(2) The education, experience, and past relevant experience of the dairy business planning professional;
(3) The qualifications, education, and experience of the dairy owner or owners and management team;
(4) The potential for timely near-term application of the results of the study;
(5) The potential economic benefit to the state of Missouri;
(6) Such other factors as the Missouri agricultural and small business development authority may establish.
7. 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, 2008, shall be invalid and void.
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(L. 2008 S.B. 931)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.250 - Citation.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 03 Feb 2012, 2 histories, see footnote
348.250. Citation. —
Sections 348.250 to 348.275 shall be known and may be cited as the "Missouri Science and Innovation Reinvestment Act".
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(L. 2011 1st Ex. Sess. S.B. 7)
Contingent effective date, see § 348.280
(2013) Provisions of S.B. 7 from First Extraordinary Session in 2011 are unconstitutional; section B of act as codified in section 348.280 is a violation of the single subject requirement of Article III, Section 23 and remaining provisions of bill could not be severed. Missouri Roundtable for Life, Inc. v. State, 396 S.W.3d 348 (Mo.banc).
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.251 - Definitions — Missouri technology corporation may be established — corporation, defined — public hearing, notice.

There are multiple enactments of 348.251
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994, 2 histories
*348.251. Definitions — Missouri technology corporation may be established — corporation, defined — public hearing, notice. —
1. As used in sections 348.251 to 348.266, the following terms mean:
(1)
"Technology application"
, the introduction and adaptation of refined management practices in fields such as scheduling, inventory management, marketing, product development, and training in order to improve the quality, productivity and profitability of an existing firm. Technology application shall be considered a component of business modernization;
(2)
"Technology commercialization"
, the process of moving investment-grade technology from a business, university or laboratory into the marketplace for application;
(3)
"Technology development"
, strategically focused research directed at developing investment-grade technologies which are important for market competitiveness.
2. The governor may, on behalf of the state and in accordance with chapter 355, establish a private not-for-profit corporation named the "Missouri Technology Corporation", to carry out the provisions of sections 348.251 to 348.266. As used in sections 348.251 to 348.266 the word
"corporation"
means the Missouri technology corporation authorized by this section. Before certification by the governor, the corporation shall conduct public hearing for the purpose of giving all interested parties an opportunity to review and comment upon the articles of incorporation, bylaws and method of operation of the corporation. Notice of the hearing shall be given at least fourteen days prior to the hearing.
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(L. 1993 H.B. 566, A.L. 1994 H.B. 1248 & 1048)
*Revisor's Note: This section is reprinted in accordance with section 3.066. S.B. 7, First Extraordinary Session of the 96th General Assembly, 2011, amended this section. S.B. 7 was declared unconstitutional as a violation of the single subject requirement of Article III, Section 23, of the Missouri Constitution (see annotation above), rendering the repeal and reenactment of this section ineffective.
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.253 - Contracts with not-for-profit organizations, objectives.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1995, 2 histories
*348.253. Contracts with not-for-profit organizations, objectives. —
1. The Missouri technology corporation may contract with not-for-profit organizations to carry out the provisions of sections 348.251 to 348.275. By entering into such contracts, the corporation shall attempt to achieve the following objectives:
(1) The establishment of a research alliance which shall advance technology development, as defined in subdivision (3) of section 348.251. The corporation, in this capacity, shall have the authority to contract directly with centers for advanced technology, as established by section 348.272, and other not-for-profit entities. In proceeding with this objective, the corporation and centers for advanced technology shall utilize the results of targeted industry studies commissioned by the department of economic development;
(2) Technology commercialization, as defined in subdivision (2) of section 348.251;
(3) The establishment of a finance corporation to assist in the implementation of section 348.261; and
(4) The enhancement of technology application, as defined in subdivision (1) of section 348.251.
2. Any contract signed between the corporation and any not-for-profit organization, including innovation centers as defined in section 348.271, shall require that the not-for-profit organization must provide at least one-hundred-percent match for any funding received from the corporation through the technology investment fund, as established in section 348.264.
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(L. 1995 H.B. 414)
*Revisor's Note: This section is reprinted in accordance with section 3.066. S.B. 7, First Extraordinary Session of the 96th General Assembly, 2011, repealed this section. S.B. 7 was declared unconstitutional as a violation of the single subject requirement of Article III, Section 23, of the Missouri Constitution (see annotation above), rendering the repeal of this section ineffective.
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.262 - Department may contract with corporations.

There are multiple enactments of 348.262
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 03 Feb 2012, 2 histories, see footnote
*348.262. Department may contract with corporations. —
In order to assist the corporation in achieving the objectives identified in section 348.261, the department of economic development may contract with the corporation for activities consistent with the corporation's purpose, as specified in sections 348.250 to 348.275. When contracting with the corporation under the provisions of this section, the department of economic development may directly enter into agreements with the corporation and shall not be bound by the provisions of chapter 34.
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(L. 1994 H.B. 1248 & 1048, A.L. 2011 1st Ex. Sess. S.B. 7)
Contingent effective date, see § 348.280
*Revisor's Note: This section was declared unconstitutional in Missouri Roundtable for Life, Inc. v. State, 396 S.W.3d 348 (Mo.banc).
(2013) Provisions of S.B. 7 from First Extraordinary Session in 2011 are unconstitutional; section B of act as codified in section 348.280 is a violation of the single subject requirement of Article III, Section 23 and remaining provisions of bill could not be severed. Missouri Roundtable for Life, Inc. v. State, 396 S.W.3d 348 (Mo.banc).
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.262 - Department may contract with corporations.

There are multiple enactments of 348.262
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994, 2 histories
*348.262. Department may contract with corporations. —
In order to assist the corporation in achieving the objectives identified in section 348.261, the department of economic development may contract with the corporation for activities consistent with the corporation's purpose, as specified in section 348.256. When contracting with the corporation under the provisions of this section, the department of economic development may directly enter into agreements with the corporation and shall not be bound by the provisions of chapter 34.
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(L. 1994 H.B. 1248 & 1048)
*Revisor's Note: This section is reprinted in accordance with section 3.066. S.B. 7, First Extraordinary Session of the 96th General Assembly, 2011, amended this section. S.B. 7 was declared unconstitutional as a violation of the single subject requirement of Article III, Section 23, of the Missouri Constitution (see annotation above), rendering the repeal and reenactment of this section ineffective.
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.263 - Replaces corporation for business modernization and technology with Missouri technology corporation — transfer.

There are multiple enactments of 348.263
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1994, 2 histories
*348.263. Replaces corporation for business modernization and technology with Missouri technology corporation — transfer. —
1. The Missouri business modernization and technology corporation shall replace the corporation for science and technology. All moneys, property or any other assets remaining with the corporation for science and technology after all obligations are satisfied on August 28, 1993, shall be transferred to the Missouri business modernization and technology corporation. All powers, duties and functions performed by the Missouri corporation of science and technology on August 28, 1993, shall be transferred to the Missouri business modernization and technology corporation.
2. The Missouri technology corporation shall replace the Missouri business modernization and technology corporation. All moneys, property or any other assets remaining with the Missouri business modernization and technology corporation after all obligations are satisfied on August 28, 1994, shall be transferred to the Missouri technology corporation. All powers, duties and functions performed by the Missouri business modernization and technology corporation on August 28, 1994, shall be transferred to the Missouri technology corporation.
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(L. 1993 H.B. 566, A.L. 1994 H.B. 1248 & 1048)
*Revisor's Note: This section is reprinted in accordance with section 3.066. S.B. 7, First Extraordinary Session of the 96th General Assembly, 2011, amended this section. S.B. 7 was declared unconstitutional as a violation of the single subject requirement of Article III, Section 23, of the Missouri Constitution (see annotation above), rendering the repeal and reenactment of this section ineffective.
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.264 - Science and innovation reinvestment fund established — source of funds — purpose.

There are multiple enactments of 348.264
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 03 Feb 2012, 2 histories, see footnote
*348.264. Science and innovation reinvestment fund established — source of funds — purpose. —
There is hereby established in the state treasury a special fund to be known as the "Missouri Science and Innovation Reinvestment Fund", previously established as the Missouri technology investment fund in this section, which shall consist of all moneys which may be appropriated to it by the general assembly based on the applicable percentage of the amount by which science and innovation employees' gross wages for the year exceeds the base year gross wages pursuant to section 348.265, other funds appropriated to it by the general assembly, and also any gifts, contributions, grants or bequests received from federal, private or other sources. Money in the Missouri science and innovation reinvestment fund shall be used to carry out the provisions of sections 348.250 to 348.275. Moneys for business modernization programs, technology application programs, technology commercialization programs and technology development programs established pursuant to the provisions of sections 348.250 to 348.275 shall be available from appropriations made by the general assembly from the Missouri science and innovation reinvestment fund. Any moneys remaining in the Missouri science and innovation reinvestment fund at the end of any fiscal year shall not lapse to the general revenue fund, as provided in section 33.080, but shall remain in the Missouri science and innovation reinvestment fund.
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(L. 1994 H.B. 1248 & 1048, A.L. 1995 H.B. 414, A.L. 2011 1st Ex. Sess. S.B. 7)
Contingent effective date, see § 348.280
*Revisor's Note: This section was declared unconstitutional in Missouri Roundtable for Life, Inc. v. State, 396 S.W.3d 348 (Mo.banc).
(2013) Provisions of S.B. 7 from First Extraordinary Session in 2011 are unconstitutional; section B of act as codified in section 348.280 is a violation of the single subject requirement of Article III, Section 23 and remaining provisions of bill could not be severed. Missouri Roundtable for Life, Inc. v. State, 396 S.W.3d 348 (Mo.banc).
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.264 - Technology investment fund established — source of funds — purpose.

There are multiple enactments of 348.264
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1995, 2 histories
*348.264. Technology investment fund established — source of funds — purpose. —
1. There is hereby established in the state treasury a special fund to be known as the "Missouri Technology Investment Fund", which shall consist of all moneys which may be appropriated to it by the general assembly, and also any gifts, contributions, grants or bequests received from federal, private or other sources. Such moneys shall include federal funds which may be received from the National Institute for Science and Technology, the Small Business Administration and the Department of Defense through its Technology Reinvestment Program. Money in the Missouri technology investment program shall be used to carry out the provisions of sections 348.251 to 348.275. Moneys for business modernization programs, technology application programs, technology commercialization programs and technology development programs established pursuant to the provisions of sections 348.251 to 348.275 shall be available from appropriations made by the general assembly from the Missouri technology investment fund. Any moneys remaining in the Missouri technology investment fund at the end of any fiscal year shall not lapse to the general revenue fund, as provided in section 33.080, but shall remain in the Missouri technology investment fund.
2. Notwithstanding the provisions of sections 173.500 to 173.565, the Missouri technology investment fund shall be utilized to fund projects which would previously have been funded through the higher education applied projects fund.
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(L. 1994 H.B. 1248 & 1048, A.L. 1995 H.B. 414)
*Revisor's Note: This section is reprinted in accordance with section 3.066. S.B. 7, First Extraordinary Session of the 96th General Assembly, 2011, amended this section. S.B. 7 was declared unconstitutional as a violation of the single subject requirement of Article III, Section 23, of the Missouri Constitution (see annotation above), rendering the repeal and reenactment of this section ineffective.