Missouri Revised Statutes
Chapter 100 - Industrial Development
Section 100.296 - Application of provisions of other sections — state and local records laws — meetings of governmental bodies — conflict of interest or lobbying — prohibited loans — notifications of certain campaign contributions.

Effective - 23 Dec 1997
100.296. Application of provisions of other sections — state and local records laws — meetings of governmental bodies — conflict of interest or lobbying — prohibited loans — notifications of certain campaign contributions. — 1. Except as provided in section 620.014, sections 100.250 to 100.297 shall be subject to the provisions of sections 109.200 to 109.310, the state and local records law, or the provisions of sections 610.010 to 610.030, relating to the meetings of governmental bodies, and a member appointed pursuant to section 100.265 shall be exempt from the provisions of chapter 105, provided that the member shall not vote or participate in any matter in which the member has a direct or indirect interest. For the purposes of sections 100.250 to 100.297, a "direct or indirect interest" means the ownership of ten percent or more of any class of equity securities in any corporation seeking a guarantee pursuant to the provisions of sections 100.250 to 100.297, occupying the office of vice president or other office senior to the office of vice president, or a director, of any corporation seeking a guarantee pursuant to the provisions of sections 100.250 to 100.297; provided, nothing contained in sections 100.250 to 100.297, nor the provisions of chapter 105, shall prevent any corporation, bank, or trust company from purchasing, selling, or otherwise dealing in bonds or notes or mortgages guaranteed pursuant to the provisions of sections 100.250 to 100.297. The development and reserve fund may be pledged to secure loans made through a participating lender with which a member of the board is affiliated so long as the member does not participate in or attempt to influence the approval of any such loan.
2. The board shall not knowingly extend or secure a loan or grant a tax credit to, or issue any bonds or enter into any other agreement with or on behalf of any business entity in which a board member, statewide elected official, state legislator or employee of this state has a substantial interest as defined in section 105.450.
3. The board shall not knowingly extend or secure a loan or grant a tax credit to, or issue any bonds or enter into any other agreement with or on behalf of any business entity until each officer of the business entity has notified the board of all campaign contributions such officer has made within the previous two years, to the extent such contributions are not otherwise reportable by the recipient, pursuant to the provisions of chapter 130. For the purposes of this section, "an officer" means a person who is employed by the business entity in a policy-making capacity and whose name is listed in the business entity's articles of incorporation filed with the secretary of state.
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(L. 1985 H.B. 416, A.L. 1986 S.B. 731, A.L. 1994 H.B. 1248 & 1048, A.L. 1995 H.B. 414, A.L. 1996 H.B. 1237, A.L. 1997 2d Ex. Sess. S.B. 1)
Effective 12-23-97

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title VII - Cities, Towns and Villages

Chapter 100 - Industrial Development

Section 100.010 - Definitions.

Section 100.020 - Municipality may carry out industrial development projects.

Section 100.030 - Acceptance of federal grants or gifts.

Section 100.040 - Plans for industrial development to be made.

Section 100.050 - Approval of plan by governing body of municipality — information required — additional information required, when — payments in lieu of taxes, applied how — reimbursement, when.

Section 100.059 - Notice of proposed project for industrial development, when, contents — limitation on indebtedness, inclusions — applicability, limitation.

Section 100.090 - General obligation bonds authorized.

Section 100.100 - Revenue bonds authorized, how paid.

Section 100.105 - Municipality to file annual report on bond issuances with department, content.

Section 100.120 - Time for election — subsequent elections.

Section 100.130 - Municipality to fix terms and form of revenue bonds.

Section 100.140 - Sinking fund for revenue bonds.

Section 100.150 - Revenue bonds payable from revenues only — statement on bond.

Section 100.155 - Revenue bonds, municipalities, refunding issue authorized — form and terms.

Section 100.160 - Municipality to carry out plan on receipt of funds.

Section 100.170 - Construction to be under contract — how let, notice.

Section 100.180 - Municipality's power to enter into loans, sales, leases or mortgages — terms — requirements.

Section 100.190 - Property acquired may be sold.

Section 100.200 - Sales of industrial development property acquired with revenue bonds.

Section 100.250 - Title of act.

Section 100.255 - Definitions.

Section 100.260 - Funds established — administration, investment — no transfer to general revenue, when — increase of certain revenue calculated and allocated to Jobs Now fund.

Section 100.263 - Infrastructure development fund, created, purpose — lapse into general revenue, prohibited.

Section 100.265 - Missouri development finance board created — members, qualifications, appointment, terms — meetings — quorum — expenses.

Section 100.270 - Board's powers and duties — rules, authority to promulgate.

Section 100.273 - Development finance board employees are state employees eligible for state retirement — not eligible for state health insurance plan unless requested by board — no purchase of creditable service, exception.

Section 100.275 - Bonds and notes issued — approved as investment, who may invest — tax exemptions, exceptions — power to contract with development agency.

Section 100.277 - Employment and business opportunities required to be provided, to whom.

Section 100.281 - Project plan, approval procedure — board to review and grant loan, when — borrowing power — sale of bonds.

Section 100.282 - Limitations on approval of loans.

Section 100.286 - Loans secured by certain funds — standards — information required — review and certification by participating lender — board approval — fee, tax credit, limitation.

Section 100.287 - Default procedure — subrogation to rights of lender upon payment from fund, amount.

Section 100.291 - Guarantees issued by board, when — application, fee — information required.

Section 100.292 - Guarantee agreement provisions.

Section 100.293 - Citation — jobs now recommendation committee created, membership, duties — applications — preference given to certain projects — requests granted, determinations required.

Section 100.296 - Application of provisions of other sections — state and local records laws — meetings of governmental bodies — conflict of interest or lobbying — prohibited loans — notifications of certain campaign contributions.

Section 100.297 - Tax credit for owner of revenue bonds or notes, purpose, when, amount, limitation.

Section 100.300 - Short title.

Section 100.310 - Definitions.

Section 100.320 - Planned industrial expansion authority created, powers exercised, when.

Section 100.330 - Commissioners, number reduced, appointment, term, vacancies.

Section 100.331 - Commissioners, number reduced, appointment, terms, qualifications, vacancies — consolidation plan authorized (St. Louis City).

Section 100.340 - Commission, quorum, officers, legal services, how obtained.

Section 100.350 - Commissioner, expenses — certificate of appointment.

Section 100.360 - Commissioner, removal for cause, hearing.

Section 100.370 - Commissioners or employees of authority, voluntary interest in project prohibited — disclosure of involuntary interest required and participation in action of authority forbidden — violation is misconduct, office forfeited.

Section 100.380 - Adoption of resolution or ordinance, effect of — certified copy admissible as evidence.

Section 100.390 - Authority to be a body corporate and politic, powers and duties of authority.

Section 100.400 - Preparation and approval of plans, regulations governing.

Section 100.410 - Property in a project, how disposed of.

Section 100.420 - Authority may exercise power of eminent domain.

Section 100.430 - Bonds, issuance by authority.

Section 100.440 - Bonds, how issued, authorized and sold.

Section 100.445 - Allowable rates of interest.

Section 100.450 - Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax.

Section 100.460 - Signatures on bonds, validity of — bonds negotiable — conclusive presumption that bond was issued for stated purpose.

Section 100.470 - Payment of bonds secured, how.

Section 100.480 - Powers of obligee granted by authority.

Section 100.490 - Obligee, rights of, exception.

Section 100.500 - Bonds or other obligations legal investments for enumerated purposes, when.

Section 100.510 - Contracts with federal government, provisions for conveyance of project and land to federal government — authorized, reconveyance when.

Section 100.520 - Execution or judicial process, property and funds of authority exempt from, exceptions.

Section 100.530 - Public bodies may assist a project, how.

Section 100.540 - Sales by public body to authority, how made.

Section 100.550 - Cities may levy taxes or sell bonds to finance grants to an authority.

Section 100.560 - Two or more authorities may cooperate in a project.

Section 100.570 - Ad valorem tax benefits available, when.

Section 100.580 - Annual report of authority, contents — satisfactory progress of projects, procedure to determine.

Section 100.590 - Authority may assume projects of constitutional charter cities, when.

Section 100.600 - Any municipality authorized to prepare a master plan for physical development of community.

Section 100.610 - Law to be liberally construed.

Section 100.620 - Powers conferred in this law to be supplemental to existing powers.

Section 100.700 - Title.

Section 100.710 - Definitions.

Section 100.720 - Additional powers of Missouri development finance board — certificates, state credit for.

Section 100.730 - Establishment of procedures to determine eligible industries — authority to request information.

Section 100.740 - Financing agreement, authority to enter into.

Section 100.750 - Financing agreement, contents.

Section 100.760 - Credit agreement, conditions.

Section 100.770 - Factors considered in awarding credit.

Section 100.780 - Board authority to determine projects, assessments, credits and refunds, credit and assessment time limit.

Section 100.790 - Agreement contents.

Section 100.800 - Noncompliance by eligible industry, determination, penalty.

Section 100.810 - Evaluation of program.

Section 100.820 - Program costs, how paid, assessments.

Section 100.830 - Special fund, purposes — certification by employer.

Section 100.840 - Board, powers to borrow money — issue and sell certificates — sale or exchange of refunding certificates — certificates not indebtedness of state.

Section 100.850 - Assessments remittal, job development assessment fee — company records available to board, when — when remitted assessment ceases — tax credit amount, cap, claiming credit — refunds.