United States — Missouri Statutes

29,361 statutes · page 1,468 of 1,469

• United States — Missouri

  Missouri Revised Statutes § 99.919 - Out-of-state business, projects that relocate, calculation of new net revenues

  1 provisions

  For qualifying development projects, tax increments and other new net revenues from relocated out-of-state businesses are calculated on the full tax revenue generated, without reducing for baseline-year revenues.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.921 - Downtown economic stimulus authority authorized, limitations

  1 provisions

  Municipalities may create a Downtown Economic Stimulus Authority, but the authority cannot act until the municipality approves it by ordinance.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.924 - Board of commissioners to govern authority, exceptions — appointment of commissioners, terms, vacancies

  1 provisions

  Most authorities under section 99.921 must be governed by a board of commissioners, with specified appointment rules and a commissioner count set by municipal ordinance.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.927 - Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal

  1 provisions

  The authority’s board of commissioners runs its powers, with quorum and voting rules, officer elections, meeting flexibility, staff hiring powers, commissioner expense rules, and removal authority.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.930 - Contracts, authority may transact business, when — validity of authority not to be challenged, when

  1 provisions

  The authority is treated as established and authorized to do business once the required ordinance is proven, and certain lawsuits must not be filed after 90 days.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.933 - Authority to be public body corporate and politic, powers — disclosure of conflicts of interest — disadvantaged business enterprise to be approved (Kansas City, St. Louis City, St. Louis County)

  1 provisions

  The authority and related municipalities get broad development powers, but covered officials must disclose property interests and avoid participating in affected projects.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.936 - Disposal of real property

  1 provisions

  A municipality or authority may dispose of real property in a development project area, but must follow notice, evaluation, and contracting steps and must use development-plan-based and public-interest conditions.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.939 - Fund established for community development corporations (Kansas City, St. Louis County, St. Louis City, Boone County) — fund administration — diversion of certain sales tax revenues to general revenue fund — grants and loans awarded

  1 provisions

  Certain qualifying cities and counties must create a Community Development Corporation Revolving Fund, and the fund is used to support community development projects through grants and forgivable loans.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.942 - Development plan, contents — goal for certain projects (Kansas City, St. Louis City, St. Louis County, Boone County) — adoption of development plan, procedure

  1 provisions

  A development plan must be written and include specified project, financing, wage, employment, subsidy, relocation, and certification details.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.945 - Permission needed for designation of development area outside boundaries of municipality

  1 provisions

  A municipality must get permission from the other municipality’s governing body before designating a development area outside its own incorporated boundaries and inside another municipality.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.948 - Powers of municipality creating authority — powers authorized to authority — public hearings held, when

  1 provisions

  A municipality that has created an authority may approve the authority’s powers by ordinance, authorize it to exercise transportation development district powers in a development area, and later designate and adopt development areas, plans, projects, and financing by ordinance.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.951 - Adoption of authorizing ordinance, public hearings to be held — notice for hearing, contents

  1 provisions

  Before adopting certain development ordinances, the municipality or authority must set a public hearing, give notice, and hear objections and comments.

  Ordinance Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.954 - Financing project costs, issuance of obligations permitted, procedure — immunity from liability for obligations — retiring or refinancing debt, restrictions

  1 provisions

  This section lets municipalities, and in some cases other local public entities at the municipality’s request, issue obligations to finance development project costs; the state may not issue them.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.957 - Adoption of development financing by ordinance — county assessor to determine total equalized assessed value — calculation of ad valorem taxes — allocation of economic activity taxes

  1 provisions

  A municipality may adopt development financing by ordinance, but must set up a special allocation fund and follow tax-assessment and tax-allocation rules tied to the development project area.

  Ordinance Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.958 - Endowment, Carnegie Research I University, private funds needed for one-half of endowment

  1 provisions

  If a development plan includes an endowment for a Carnegie Research I University, the endowment must first be funded by a private donation of at least half the total amount.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.960 - Disbursement of project costs, approval of department required — application, contents — finance board to make determination — cap on disbursements — time limitations on disbursements — development costs defined — projects ineligible for TIFs, when — rulemaking authority

  1 provisions

  This section requires municipalities to apply for project-cost disbursements, requires agency and board review, and limits approval amounts and timing.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.963 - State supplemental downtown development fund established, moneys in fund, use of moneys, disbursements — rulemaking authority

  1 provisions

  The section creates a state fund, sets who administers and fills it, limits when money can be spent, and requires certain taxpayers to give extra information to the revenue department.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.965 - Termination of development financing, when, procedure — dissolution of special fund and termination of designated area

  1 provisions

  When development project costs and related obligations are fully paid, the municipality must end development financing and later dissolve the special allocation fund and development area designation.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.968 - Debt service levies, computation of

  1 provisions

  The county clerk or other required official must calculate taxable property values in the development project area using the certified total initial equalized assessed value, for the stated period and unless development financing is terminated by ordinance.

  Act or statute Open & Chat

• United States — Missouri

  Missouri Revised Statutes § 99.975 - Application approvals, limitations

  1 provisions

  This section limits when the Missouri development finance board may approve applications under sections 99.915 to 99.980, including a cap of two approvals in one situation and date-based approval bans with a disaster-related exception.

  Act or statute Open & Chat