reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.919 - Out-of-state business, projects that relocate, calculation of new net revenues.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.919. Out-of-state business, projects that relocate, calculation of new net revenues. —
Notwithstanding anything contained in sections 99.915 to 99.980 to the contrary, for development projects that result in the relocation of an out-of-state business or out-of-state businesses to the development project area, the portion of economic activity taxes, the state income tax increment, the state sales tax increment and other net new revenues generated by such out-of-state business or businesses shall be calculated based upon the full amount of tax revenue generated by such out-of-state business or out-of-state businesses without reduction due to revenues generated in the baseline year.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.921 - Downtown economic stimulus authority authorized, limitations.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.921. Downtown economic stimulus authority authorized, limitations. —
Each municipality may create an authority to be known as a "Downtown Economic Stimulus Authority"; provided, however:
(1) No such authority shall transact any business or exercise its powers pursuant to sections 99.915 to 99.980 until and unless the governing body of such municipality shall, in accordance with subsection 1 of section 99.948, approve, by ordinance, the exercise of the powers, functions, and duties of an authority under sections 99.915 to 99.980;
(2) No governing body of a municipality shall adopt an ordinance pursuant to subdivision (1) of this section unless it finds:
(a) That it would be in the interest of the public to consider the establishment of a development area in accordance with sections 99.915 to 99.980;
(b) That the development of such a development area would be in the interest of the public health, safety, morals, or welfare of the residents of such municipality; and
(c) That it is anticipated that such a development area can be renovated through a series of one or more development projects;
(3) Cities, villages, and census-designated places located wholly within a county of the first classification with a population of more than one million, according to the last decennial census, shall undertake downtown development financing as allowed for pursuant to sections 99.915 to 99.980 through a countywide downtown economic stimulus authority. This countywide authority shall have the same powers, functions, and duties of an authority pursuant to sections 99.915 to 99.980. In addition, the countywide downtown economic stimulus authority shall be responsible for coordinating municipal downtown development financing activities in such a way as to discourage fiscal competition and promote mutual benefits among the affected local jurisdictions. Each countywide downtown economic stimulus authority shall be governed by a board of commissioners. In any county of the first classification with a population greater than one million, the authority shall be comprised of fifteen members. Three members shall be appointed by the county executive. Three members shall be appointed by the county council to represent class A cities and three members shall be appointed to represent class B cities, as both are defined in section 66.620. The remaining six members shall be appointed by the county executive with the approval of the county council, of which members at least three will represent school districts within the county and the remainder shall represent other political subdivisions levying ad valorem taxes in the county. The term of office for each member shall be at the discretion of the appointing jurisdictions.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.924 - Board of commissioners to govern authority, exceptions — appointment of commissioners, terms, vacancies.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.924. Board of commissioners to govern authority, exceptions — appointment of commissioners, terms, vacancies. —
Each authority created pursuant to section 99.921, except a countywide downtown economic stimulus authority created pursuant to subdivision (3) of section 99.921, shall be governed by a board of commissioners. The number of commissioners serving on the board of each authority shall be no less than five and no more than fourteen, which number shall be established by ordinance of the municipality of which one shall be a member of any local community development corporation, if one exists in the municipality, and one shall be an African American business owner in the municipality, if one exists. One of the initial commissioners appointed pursuant to this subsection shall be appointed by the school district or districts located within the development area for a term of three years. The other initial commissioners appointed pursuant to this subsection shall serve staggered terms of one, two, and three years as determined by the mayor or chief executive officer of the municipality at the time of their appointment. Thereafter, successor commissioners shall be appointed by the mayor or chief executive officer of the municipality or the school district or districts making the initial appointments for a term of three years. All vacancies shall be filled by appointment of the mayor or chief executive officer of the municipality, or the school district or districts, for the unexpired term. In addition to the commissioners appointed in accordance with this subsection, a nonvoting advisor shall be appointed by the other taxing districts located within the development area.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.927 - Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.927. Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal. —
1. The powers of the authority created pursuant to section 99.921 shall be exercised by its board of commissioners. A majority of the commissioners shall constitute a quorum of such board for the purpose of conducting business and exercising the powers of the authority and for all other purposes. Action may be taken by the board upon a vote of a majority of the commissioners present in person or by teleconference, unless in any case the bylaws of the authority shall require a larger number. Meetings of the board of the authority may be held anywhere within the municipality.
2. The commissioners of the authority annually shall elect a chair and vice chair from among the commissioners; however, the first chair shall be designated by the mayor for a term of one year. The mayor or chief executive officer of the municipality shall serve as the co-chair of the authority. The authority may employ an executive director, technical experts, and such other officers, agents, and employees, permanent and temporary, as it may require, and shall determine their qualifications, duties, and compensation. For such legal services as it may require, an authority may call upon the chief law officer of the municipality or may employ its own counsel and legal staff.
3. A commissioner of an authority shall receive no compensation for his or her services, but may receive the necessary expenses, including traveling expenses, incurred in the discharge of his or her duties. Each commissioner shall hold office until a successor has been appointed.
4. For inefficiency or neglect of duty or misconduct in office, a commissioner of an authority may be removed by the mayor or chief executive officer of the municipality.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.930 - Contracts, authority may transact business, when — validity of authority not to be challenged, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.930. Contracts, authority may transact business, when — validity of authority not to be challenged, when. —
1. In any suit, action, or proceeding involving the validity or enforcement of or relating to any contract of an authority entered into pursuant to sections 99.915 to 99.980, such authority shall be conclusively deemed to have become established and authorized to transact business and exercise its powers under sections 99.915 to 99.980 upon proof of the adoption of the appropriate ordinance prescribed in section 99.921. Each such ordinance shall be deemed sufficient if it authorizes the exercise of powers under sections 99.915 to 99.980 by the authority and sets forth the findings of the municipality as required in subdivision (2) of section 99.921.
2. A copy of such ordinance duly certified by the clerk of the municipality shall be admissible in evidence in any suit, action, or proceeding.
3. No lawsuit to set aside the creation of an authority, the approval of a development plan, development project, development area or development project area, or a tax levied pursuant to sections 99.915 to 99.980, or to otherwise question the validity of the proceedings related thereto, shall be brought after the expiration of ninety days from the effective date of the ordinance or resolution in question.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.945 - Permission needed for designation of development area outside boundaries of municipality.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.945. Permission needed for designation of development area outside boundaries of municipality. —
In the event a municipality desires to designate a development area located in whole or in part outside the incorporated boundaries of the municipality and within the boundaries of another municipality, such municipality shall first obtain the permission of the governing body of such other municipality.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.948 - Powers of municipality creating authority — powers authorized to authority — public hearings held, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.948. Powers of municipality creating authority — powers authorized to authority — public hearings held, when. —
1. A municipality which has created an authority pursuant to section 99.921 may:
(1) Approve by ordinance the exercise by the authority of the powers, functions, and duties of the authority under sections 99.915 to 99.980; and
(2) After adopting an ordinance in accordance with subdivision (1) of this subsection and after receipt of recommendations from the authority in accordance with subsection 3 of this section, by ordinance, designate development areas adopt the development plans and development projects, designate a development project area for each development project adopted, and adopt development financing for each such development project area. No development plan may be adopted until the development area is designated. No development project shall be adopted until the development plan is adopted and the development project area for each development project shall be designated at the time of adopting the development project.
2. A municipality may authorize an authority created pursuant to section 99.921 to exercise all powers and perform all functions of a transportation development district pursuant to sections 238.200 to 238.275 within a development area.
3. The municipality or authority shall hold public hearings and provide notice pursuant to sections 99.957 and 99.960. Within ten days following the completion of any such public hearing, the authority shall vote on and shall make recommendation to the governing body of the municipality with regard to any development plan, development projects, designation of a development area or amendments thereto which were proposed at such public hearing.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.958 - Endowment, Carnegie Research I University, private funds needed for one-half of endowment.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.958. Endowment, Carnegie Research I University, private funds needed for one-half of endowment. —
If a development plan includes an endowment of positions at an institution of higher education which has a designation as a Carnegie Research I University, including any campus of such university system, such endowment must first be funded with a private donation to the institution of higher education in accordance with its endowment policy in an amount of at least one-half of the total amount of the endowment. Thereafter, the remaining portion of matching public for such endowment may be made either from the local economic activity taxes or from a disbursement made from the state supplemental downtown development fund. Any disbursement from the state supplemental downtown development fund for purposes of funding an endowment pursuant to the provisions of this section shall be transferred to general revenue for appropriation of the endowment.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.965 - Termination of development financing, when, procedure — dissolution of special fund and termination of designated area.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.965. Termination of development financing, when, procedure — dissolution of special fund and termination of designated area. —
1. When all development project costs and all obligations issued to finance development project costs have been paid in full, the municipality shall adopt an ordinance terminating development financing for all development project areas. Immediately upon the adoption of such ordinance, all payments in lieu of taxes, all economic activity taxes, and other net new revenues then remaining in the special allocation fund shall be deemed to be surplus funds; and thereafter, the rates of the taxing districts shall be extended and taxes levied, collected, and distributed in the manner applicable in the absence of the adoption of development financing. Surplus payments in lieu of taxes shall be paid to the county collector who shall immediately thereafter pay such funds to the taxing districts in the development area selected in the same manner and proportion as the most recent distribution by the collector to the affected taxing districts of real property taxes from real property in the development area. Surplus economic activity taxes shall be paid to the taxing districts in the development area in proportion to the then current levy rates of such taxing districts that are attributable to economic activity taxes. Surplus other net new revenues shall be paid to the state. Any other funds remaining in the special allocation fund following the adoption of an ordinance terminating development financing in accordance with this section shall be deposited to the general fund of the municipality.
2. Upon the payment of all development project costs, retirement of obligations, and the distribution of any surplus funds pursuant to this section, the municipality shall adopt an ordinance dissolving the special allocation fund and terminating the designation of the development area as a development area.
3. Nothing in sections 99.915 to 99.980 shall be construed as relieving property in such areas from paying a uniform rate of taxes, as required by Section 3, Article X of the Missouri Constitution.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.968 - Debt service levies, computation of.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.968. Debt service levies, computation of. —
In each of the twenty-five calendar years following the adoption of an ordinance adopting development financing for a development project area, unless and until development financing for such development project area is terminated by ordinance of the municipality, then, in respect to every taxing district containing such development project area, the county clerk, or any other official required by law to ascertain the amount of the equalized assessed value of all taxable property within such development project area for the purpose of computing any debt service levies to be extended upon taxable property within such development project area, shall in every year that development financing is in effect ascertain the amount of value of taxable property in such development project area by including in such amount the certified total initial equalized assessed value of all taxable real property in such development project area in lieu of the equalized assessed value of all taxable real property in such development project area. For the purpose of measuring the size of payments in lieu of taxes under sections 99.915 to 99.980, all tax levies shall then be extended to the current equalized assessed value of all property in the development project area in the same manner as the tax rate percentage is extended to all other taxable property in the taxing district.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.975 - Application approvals, limitations.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 07 Jul 2003, see footnote
99.975. Application approvals, limitations. —
1. No new applications made pursuant to sections 99.915 to 99.980 shall be approved after January 1, 2013.
2. No applications made pursuant to sections 99.915 to 99.980 shall be approved prior to August 28, 2003, except for applications for projects that are located within a county for which public and individual assistance has been requested by the governor pursuant to section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121 et seq., for an emergency proclaimed by the governor pursuant to section 44.100 due to a natural disaster of major proportions that occurred after May 1, 2003, but prior to May 10, 2003, and the development project area is a central business district that sustained severe damage as a result of such natural disaster, as determined by the state emergency management agency.
3. Prior to December 31, 2006, the Missouri development finance board may approve up to two applications made pursuant to sections 99.915 to 99.980 in a home rule city with more than four hundred thousand inhabitants and located in more than one county in which the state sales tax increment for such projects approved pursuant to the provisions of this subsection shall be up to one-half of the incremental increase in all sales taxes levied pursuant to section 144.020. In no event shall the incremental increase include any amounts attributable to retail sales unless the Missouri development finance board and the department of economic development are satisfied based on information provided by the municipality or authority, and such entities have made a finding that a substantial portion of all but a de minimus portion of the sales tax increment attributable to retail sales is from new sources which did not exist in the state during the baseline year. The incremental increase for an existing facility shall be the amount of all state sales taxes generated pursuant to section 144.020 at the facility in excess of the amount of all state sales taxes generated pursuant to section 144.020 at the facility in the baseline year. The incremental increase in development project areas where the baseline year is the year following the year in which the development project is approved by the municipality pursuant to subdivision (2) of section 99.918 shall be the state sales tax revenue generated by out-of-state businesses relocating into a development project area. The incremental increase for a Missouri facility which relocates to a development project area shall be the amount by which the state sales tax revenue of the facility exceeds the state sales tax revenue for the facility in the calendar year prior to relocation.
­­--------
(L. 2003 H.B. 289)
Effective 7-07-03
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1006 - Rural economic stimulus authority authorized, limitations.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1006. Rural economic stimulus authority authorized, limitations. —
Each municipality may create an authority to be known as a "Rural Economic Stimulus Authority"; provided, however:
(1) No such authority shall transact any business or exercise its powers pursuant to sections 99.1000 to 99.1060 until and unless the governing body of such municipality shall, in accordance with subsection 1 of section 99.1033, approve, by ordinance, the exercise of the powers, functions, and duties of an authority under sections 99.1000 to 99.1060;
(2) No governing body of a municipality shall adopt an ordinance pursuant to subdivision (1) of this section unless it finds:
(a) That it would be in the interest of the public to consider the establishment of a development area in accordance with sections 99.1000 to 99.1060; and
(b) That the development of such a development area would be in the interest of the public health, safety, morals, or welfare of the residents of such municipality.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1009 - Board of commissioners to govern authority — appointment of commissioners, terms, vacancies.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1009. Board of commissioners to govern authority — appointment of commissioners, terms, vacancies. —
1. Each authority created pursuant to section 99.1006 shall be governed by a board of commissioners. The number of commissioners serving on the board of each authority shall be no less than five and no more than fourteen, which number shall be established by ordinance of the municipality.
2. One of the initial commissioners appointed pursuant to this subsection shall be appointed by the school district or districts located within the development area for a term of three years. The other initial commissioners appointed pursuant to this subsection shall serve staggered terms of one, two, and three years as determined by the mayor or chief executive officer of the municipality at the time of their appointment. Thereafter, successor commissioners shall be appointed by the mayor or chief executive officer of the municipality or the school district or districts making the initial appointments for a term of three years. All vacancies shall be filled by appointment of the mayor or chief executive officer of the municipality, or the school district or districts, for the unexpired term. In addition to the commissioners appointed in accordance with this subsection, a nonvoting advisor shall be appointed by the other taxing districts located within the development area.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1012 - Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1012. Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal. —
1. The powers of the authority created pursuant to section 99.1006 shall be exercised by its board of commissioners. A majority of the commissioners shall constitute a quorum of such board for the purpose of conducting business and exercising the powers of the authority and for all other purposes. Action may be taken by the board upon a vote of a majority of the commissioners present in person or by teleconference, unless in any case the bylaws of the authority shall require a larger number. Meetings of the board of the authority may be held anywhere within the municipality.
2. The commissioners of the authority annually shall elect a chair and vice chair from among the commissioners; however, the first chair shall be designated by the mayor for a term of one year. The mayor or chief executive officer of the municipality shall serve as the co-chair of the authority. The authority may employ an executive director, technical experts, and such other officers, agents, and employees, permanent and temporary, as it may require, and shall determine their qualifications, duties, and compensation. For such legal services as it may require, an authority may call upon the chief law officer of the municipality or may employ its own counsel and legal staff.
3. A commissioner of an authority shall receive no compensation for his or her services, but may receive the necessary expenses, including traveling expenses, incurred in the discharge of his or her duties. Each commissioner shall hold office until a successor has been appointed.
4. For inefficiency or neglect of duty or misconduct in office, a commissioner of an authority may be removed by the mayor or chief executive officer of the municipality.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1015 - Contracts, authority may transact business, when — validity of authority not to be challenged, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1015. Contracts, authority may transact business, when — validity of authority not to be challenged, when. —
1. In any suit, action, or proceeding involving the validity or enforcement of or relating to any contract of an authority entered into pursuant to sections 99.1000 to 99.1060, such authority shall be conclusively deemed to have become established and authorized to transact business and exercise its powers under sections 99.1000 to 99.1060 upon proof of the adoption of the appropriate ordinance prescribed in section 99.1006. Each such ordinance shall be deemed sufficient if it authorizes the exercise of powers under sections 99.1000 to 99.1060 by the authority and sets forth the findings of the municipality as required in subdivision (2) of section 99.1006.
2. A copy of such ordinance duly certified by the clerk of the municipality shall be admissible in evidence in any suit, action, or proceeding.
3. No lawsuit to set aside the creation of an authority, the approval of a development plan, development project, development area or development project area, or a tax levied pursuant to sections 99.1000 to 99.1060, or to otherwise question the validity of the proceedings related thereto, shall be brought after the expiration of ninety days from the effective date of the ordinance or resolution in question.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1030 - Permission needed for designation of development area outside boundaries of municipality.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1030. Permission needed for designation of development area outside boundaries of municipality. —
In the event a municipality desires to designate a development area located in whole or in part outside the incorporated boundaries of the municipality and within the boundaries of another municipality, such municipality shall first obtain the permission of the governing body of such other municipality.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1033 - Powers of municipality creating authority — powers authorized to authority — public hearings held, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1033. Powers of municipality creating authority — powers authorized to authority — public hearings held, when. —
1. A municipality which has created an authority pursuant to section 99.1006 may:
(1) Approve by ordinance the exercise by the authority of the powers, functions, and duties of the authority under sections 99.1000 to 99.1060; and
(2) After adopting an ordinance in accordance with subdivision (1) of this subsection and after receipt of recommendations from the authority in accordance with subsection 3 of this section, by ordinance, designate development areas, adopt the development plans, and development projects, designate a development project area for each development project adopted, and adopt development financing for each such development project area. No development plan may be adopted until the development area is designated. No development project shall be adopted until the development plan is adopted and the development project area for each development project shall be designated at the time of adopting the development project.
2. A municipality may authorize an authority created pursuant to section 99.1006 to exercise all powers and perform all functions of a transportation development district pursuant to sections 238.200 to 238.275 within a development area.
3. The municipality or authority shall hold public hearings and provide notice pursuant to sections 99.1042 and 99.1045. Within ten days following the completion of any such public hearing, the authority shall vote on and shall make recommendation to the governing body of the municipality with regard to any development plan, development projects, designation of a development area or amendments thereto which were proposed at such public hearing.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1043 - Endowment, Carnegie Research I University, private funds needed for one-half of endowment.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1043. Endowment, Carnegie Research I University, private funds needed for one-half of endowment. —
If a development plan includes an endowment of positions at an institution of higher education which has a designation as a Carnegie Research I University, including any campus of such university system, such endowment must first be funded with a private donation to the institution of higher education in accordance with its endowment policy in an amount of at least one-half of the total amount of the endowment. Thereafter, the remaining portion of matching funds for such endowment may be made either from the local economic activity taxes or from a disbursement made from the state supplemental downtown development fund. Any disbursement from the state supplemental downtown development fund for purposes of funding an endowment pursuant to the provisions of this section shall be transferred to general revenue for appropriation of the endowment.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1051 - Termination of development financing, when, procedure — dissolution of special fund and termination of designated area.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1051. Termination of development financing, when, procedure — dissolution of special fund and termination of designated area. —
1. When all development project costs and all obligations issued to finance development project costs have been paid in full, the municipality shall adopt an ordinance terminating development financing for all development project areas. Immediately upon the adoption of such ordinance, all payments in lieu of taxes, all economic activity taxes, and other net new revenues then remaining in the special allocation fund shall be deemed to be surplus funds; and thereafter, the rates of the taxing districts shall be extended and taxes levied, collected, and distributed in the manner applicable in the absence of the adoption of development financing. Surplus payments in lieu of taxes shall be paid to the county collector who shall immediately thereafter pay such funds to the taxing districts in the development area selected in the same manner and proportion as the most recent distribution by the collector to the affected taxing districts of real property taxes from real property in the development area. Surplus economic activity taxes shall be paid to the taxing districts in the development area in proportion to the then current levy rates of such taxing districts that are attributable to economic activity taxes. Surplus other net new revenues shall be paid to the state. Any other funds remaining in the special allocation fund following the adoption of an ordinance terminating development financing in accordance with this section shall be deposited to the general fund of the municipality.
2. Upon the payment of all development project costs, retirement of obligations, and the distribution of any surplus funds pursuant to this section, the municipality shall adopt an ordinance dissolving the special allocation fund and terminating the designation of the development area as a development area.
3. Nothing in sections 99.1000 to 99.1060 shall be construed as relieving property in such areas from paying a uniform rate of taxes, as required by Section 3, Article X of the Missouri Constitution.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1054 - Debt service levies, computation of.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2003
99.1054. Debt service levies, computation of. —
In each of the twenty-five calendar years following the adoption of an ordinance adopting development financing for a development project area, unless and until development financing for such development project area is terminated by ordinance of the municipality, then, in respect to every taxing district containing such development project area, the county clerk, or any other official required by law to ascertain the amount of the equalized assessed value of all taxable property within such development project area for the purpose of computing any debt service levies to be extended upon taxable property within such development project area, shall in every year that development financing is in effect ascertain the amount of value of taxable property in such development project area by including in such amount the certified total initial equalized assessed value of all taxable real property in such development project area in lieu of the equalized assessed value of all taxable real property in such development project area. For the purpose of measuring the size of payments in lieu of taxes under sections 99.1000 to 99.1060, all tax levies shall then be extended to the current equalized assessed value of all property in the development project area in the same manner as the tax rate percentage is extended to all other taxable property in the taxing district.
­­--------
(L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.1080 - Citation of law.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2005
99.1080. Citation of law. —
Sections 99.1080 to 99.1092 shall be known and may be cited as the "Downtown Revitalization Preservation Program".
­­--------
(L. 2005 H.B. 58 merged with S.B. 210)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.010 - Definitions.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 2003
100.010. Definitions. —
As used in sections 100.010 to 100.200, unless the context clearly indicates otherwise, the following words and terms have the following meanings:
(1)
"Division"
, an appropriate division of the department of economic development of the state of Missouri, or any agency which succeeded to the functions of the division of commerce and industrial development;
(2)
"Facility"
, an industrial plant purchased, constructed, extended or improved pursuant to sections 100.010 to 100.200, including the real estate, buildings, fixtures and machinery;
(3)
"Governing body"
, bodies and boards, by whatever names they may be known, charged with the governing of a municipality as herein defined;
(4)
"Municipality"
, any county, city, incorporated town or village of the state;
(5)
"Office industry"
, a regional, national or international headquarters, a telecommunications operation, a computer operation, an insurance company or a credit card billing and processing center;
(6)
"Project for industrial development"
or
"project"
, the purchase, construction, extension and improvement of warehouses, distribution facilities, research and development facilities, office industries, agricultural processing industries, service facilities which provide interstate commerce, and industrial plants, including the real estate either within or without the limits of such municipalities, buildings, fixtures, and machinery; except that any project of a municipality having fewer than eight hundred inhabitants shall be located wholly within the limits of the municipality;
(7)
"Revenue bonds"
, bonds, loans, debentures, notes, special certificates, or other evidences of indebtedness issued by a municipality and secured by revenues of a project for industrial development.
­­--------
(L. 1961 p. 189 § 1, A.L. 1963 p. 124 § 71.790, A.L. 1976 H.B. 1359, A.L. 1992 H.B. 1380, A.L. 1998 H.B. 1656, A.L. 2003 H.B. 289)
(1968) A commercial laundry is not an "industrial plant" and attempt by city to sell revenue bonds for "project for industrial development" for the laundry was an abuse of discretion. State v. Donnell (Mo.), 426 S.W.2d 11.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.020 - Municipality may carry out industrial development projects.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1961
100.020. Municipality may carry out industrial development projects. —
The municipality may carry out projects for industrial development under the terms of sections 100.010 to 100.200.
­­--------
(L. 1961 p. 189 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.030 - Acceptance of federal grants or gifts.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1961
100.030. Acceptance of federal grants or gifts. —
The municipality may accept grants from the federal and state governments for industrial development purposes, and may enter into such agreements as are not contrary to the laws of this state and which may be required as a condition of grants by the federal government or its agencies. The municipality may also receive gifts and donations from private sources to be expended for industrial development purposes.
­­--------
(L. 1961 p. 189 § 3)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.040 - Plans for industrial development to be made.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1961
100.040. Plans for industrial development to be made. —
Any municipality desiring to avail itself of the provisions of sections 100.010 to 100.200 shall prepare plans for the industrial development of such municipality. In preparing the plans, the municipality shall cooperate with local private agencies and with other state and local agencies concerned with industrial development.
­­--------
(L. 1961 p. 189 § 2)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.090 - General obligation bonds authorized.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1990
100.090. General obligation bonds authorized. —
Any municipality may issue its general obligation bonds in an amount not in excess of ten percent of the assessed valuation of the taxable tangible property in the municipality to provide funds for the carrying out of a project under sections 100.010 to 100.200. Proposals for the issuance of general obligation bonds shall be submitted in the manner provided by sections 95.135 to 95.170, and if the issuance of the bonds is approved by the constitutionally required percentage of the voters voting on the proposition, the bonds shall be issued and a tax shall be levied for their payment in the same manner as other general obligation bonds of the municipality.
­­--------
(L. 1961 p. 189 § 9, A.L. 1976 H.B. 1359, A.L. 1990 H.B. 1621)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.100 - Revenue bonds authorized, how paid.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 11 Mar 1992, see footnote
100.100. Revenue bonds authorized, how paid. —
Any municipality may issue revenue bonds to provide funds for the carrying out of a project under sections 100.010 to 100.200. The revenue bonds shall be paid solely from revenue received from the project, and shall not be a general obligation of the municipality.
­­--------
(L. 1961 p. 189 § 10, A.L. 1976 H.B. 1359, A.L. 1992 H.B. 1380)
Effective 3-11-92
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.105 - Municipality to file annual report on bond issuances with department, content.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 2003
100.105. Municipality to file annual report on bond issuances with department, content. —
No later than January thirty-first of each year, the municipality shall file a report with the department of economic development on the previous year's revenue bond issuances and general obligation bond issuances, which report shall contain only the following information:
(1) The name, address, spokesperson, and telephone number of the issuing entity;
(2) The name, address, age, and type of business of the beneficiary firm;
(3) The amount, term, interest rate or rates, and date of issuance of the bonds issued;
(4) The name and address of the underwriter, if any, of such bonds;
(5) The name and address of the guarantor, if any;
(6) The size, by assets and previous year's sales, and the current number of employees, of the beneficiary firm;
(7) A copy of the preliminary official statement used when offering the bonds for sale;
(8) The estimated number of new jobs to be generated by the proposed project;
(9) A list of the use of bond proceeds, including whether the purpose of the project and the funds generated by the issuance of such bonds is to open a new business, build a branch plant, expand an existing facility, or acquire an existing business together with a general description of the real property or personal property purchased by or on behalf of the municipality with such proceeds; and
(10) The estimated total cost of the project.
­­--------
(L. 1983 S.B. 316, A.L. 2003 H.B. 289)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.120 - Time for election — subsequent elections.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 22 Jun 1983, see footnote
100.120. Time for election — subsequent elections. —
The question of issuing general obligation bonds under a plan to finance a project which has been approved by the governing body of the municipality shall be submitted within one year from the date of approval by the governing body. If the question of issuing general obligation bonds is submitted and does not pass, the question shall not be submitted to the voters until the governing body determines that the question may be submitted.
­­--------
(L. 1961 p. 189 § 12, A.L. 1978 H.B. 971, A.L. 1983 S.B. 316)
Effective 6-22-83
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.130 - Municipality to fix terms and form of revenue bonds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1961
100.130. Municipality to fix terms and form of revenue bonds. —
The municipality shall, by ordinance, provide the form of the revenue bonds to be issued hereunder and shall set out the terms under which such bonds shall be issued, including the rate of interest which they shall bear and the number of years within which they are to be redeemed.
­­--------
(L. 1961 p. 189 § 13)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.140 - Sinking fund for revenue bonds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1961
100.140. Sinking fund for revenue bonds. —
At or before the issuance of the revenue bonds the governing body shall, by ordinance, create a sinking fund for the payment of the bonds and the interest thereon, and shall set aside and pledge a sufficient amount of the revenues of the project to be paid into the sinking fund at intervals to be determined by ordinance prior to the issuance of the bonds, for
(1) The interest upon the bonds as such interest shall fall due;
(2) The necessary fiscal agent charges for paying bonds and interest; and
(3) The payment of the bonds as they fall due or if all of the bonds mature at the same time, the proper maintenance of a sinking fund sufficient for their payment at maturity.
­­--------
(L. 1961 p. 189 § 14)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 100 - Industrial Development › Section 100.150 - Revenue bonds payable from revenues only — statement on bond.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 100
• Effective - 28 Aug 1961
100.150. Revenue bonds payable from revenues only — statement on bond. —
Revenue bonds issued under sections 100.010 to 100.200 shall not be payable from or charged upon any funds, other than the revenue pledged to the payment thereof, nor shall the municipality issuing the bonds be subject to any pecuniary liability thereon. Each revenue bond issued under sections 100.010 to 100.200 shall recite, in substance, that the bond, including interest thereon, is payable solely from the revenue pledged to the payment thereof and that the bond does not constitute a debt of the municipality within the meaning of any constitutional or statutory limitation.
­­--------
(L. 1961 p. 189 § 15)