United States — Missouri
Missouri Revised Statutes § 100.610 - Law to be liberally construed
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This law must be interpreted liberally to carry out its purposes, and it controls if it conflicts with another law.
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United States — Missouri
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This law must be interpreted liberally to carry out its purposes, and it controls if it conflicts with another law.
United States — Missouri
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The powers given by this law add to, and do not replace, powers given by other laws.
United States — Missouri
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This section says sections 100.700 to 100.850 are named the Missouri Business Use Incentives for Large-Scale Development Act.
United States — Missouri
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This section defines terms used in Missouri economic development incentive provisions.
United States — Missouri
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The Missouri development finance board has broad powers to support economic development projects, but its actions require department approval, and board-issued certificates are not state debt or credit obligations.
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The department must set procedures and standards for approving eligible industries and their projects, and the board must request information and may designate a project after review. Projects that replace existing Missouri facilities may not be approved.
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The board may enter into a financing agreement with an eligible industry if the department approves and the office of administration is consulted.
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The financing agreement can be assigned only if the board first gives written consent after adopting a resolution, and if the eligible industry defaults, the board may use several remedies.
United States — Missouri
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The board may approve a credit agreement with an eligible industry only if specified conditions are met and the department approves.
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The board must consider seven listed factors when deciding what credit to award.
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The board must set the amount and duration of a project and its related assessments, credits, and refunds.
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The agreement must cover the project description, employee reporting method, annual reporting, notice of tax-liability-transfer proposals, any other performance conditions, and required project operations.
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If the board finds an eligible industry is out of compliance, it must let the industry explain, then notify revenue and request a penalty.
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The director must arrange an annual evaluation of the program and submit a report on it to specified state officials.
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The employer must remit assessment amounts to the board, and may have to pay any shortfall if actual assessments are below the amount projected in the agreement.
United States — Missouri
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The board must create and use a special fund for each project, and the employer must certify assessments to the department of revenue and provide requested information.
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The board may borrow money and issue or sell certificates for economic development project costs, set sale terms and interest rates, and determine whether revenues are sufficient to secure obligations.
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Approved companies must pay a job development assessment fee, keep records available to the board, and may claim a tax credit for paid assessments; the director of revenue issues refunds when credits exceed income tax.
United States — Missouri
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This section defines terms used in sections 103.003 to 103.175.
United States — Missouri
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This provision creates the Missouri Consolidated Health Care Plan to cover medical expenses for specified state officers, employees, retirees, dependents, and surviving spouses and children, and gives the plan management and operating powers.