Missouri Revised Statutes
Chapter 100 - Industrial Development
Section 100.310 - Definitions.

Effective - 28 Aug 2021, 2 histories
100.310. Definitions. — As used in this law, the following words and terms mean:
(1) "Authority", a public body corporate and politic created by or pursuant to sections of this law or any other public body exercising the powers, rights and duties of such an authority;
(2) "Blighted area", the same meaning as defined pursuant to section 99.805;
(3) "Bond", any bonds, including refunding bonds, notes, interim certificates, debentures or other obligations issued by an authority pursuant to this law;
(4) "City", all cities of this state now having or which hereafter have four hundred thousand inhabitants or more according to the last decennial census of the United States or any city that has adopted a home rule charter pursuant to Section 19 of Article VI of the Missouri Constitution;
(5) "Clerk", the official custodian of records of the city;
(6) "Federal government", the United States of America or any agency or instrumentality corporate or otherwise of the United States of America;
(7) "Governing body", the city council, common council, board of aldermen or other legislative body charged with governing the municipality;
(8) "Industrial developer", any person, partnership or public or private corporation or agency which enters or proposes to enter into an industrial development contract;
(9) "Industrial development", the acquisition, clearance, grading, improving, preparing of land for industrial and commercial development and use and the construction, reconstruction, purchase, repair of industrial and commercial improvements, buildings, plants, additions, stores, shops, shopping centers, office buildings, hotels and motels and parking garages, multi-family housing facilities, warehouses, distribution centers, machines, fixtures, structures and other facilities relating to industrial and commercial use in blighted, insanitary or undeveloped industrial areas; and the existing merchants, residents, and present businesses shall have the first option to redevelop the area under this act;
(10) "Industrial development contract", a contract entered into between an authority and an industrial developer for the industrial development of an area in conformity with a plan;
(11) "Insanitary area", an area in which there is a predominance of buildings and improvements which, by reason of dilapidation, deterioration, age or obsolescence, inadequate provision for ventilation, light, air, sanitation or open spaces, high density of population and overcrowding of buildings, overcrowding of land, or the existence of conditions which endanger life or property by fire and other causes, or any combination of such factors, is conducive to ill health, transmission of disease, infant mortality, juvenile delinquency and crime or constitutes an economic or social liability and is detrimental to the public health, safety, morals or welfare;
(12) "Obligee", any bondholders, agents or trustees for any bondholders, lessor demising to the authority property used in connection with industrial clearance project, or any assignee or assignees of the lessor's interest or any part thereof, and the federal government when it is a party to any contract with the authority;
(13) "Person", any individual, firm, partnership, corporation, company, association, joint stock association, or body politic; and shall include any trustee, receiver, assignee or other similar representative thereof;
(14) "Plan", a plan as it exists from time to time for the orderly carrying on of a project of industrial development;
(15) "Project", any work or undertaking:
(a) To acquire blighted, insanitary and undeveloped industrial areas or portions thereof including lands, structures or improvements the acquisition of which is necessary or incidental to the proper industrial development of the blighted, insanitary and undeveloped industrial areas or to prevent the spread or recurrence of conditions of blight, insanitary or undevelopment;
(b) To clear any such areas by demolition or removal of existing buildings, structures, streets, utilities or other improvements thereon and to install, construct or reconstruct streets, utilities and site improvements essential to the preparation of sites for uses in accordance with a plan;
(c) To construct, reconstruct, remodel, repair, improve, install improvements, buildings, plants, additions, stores, shops, shopping centers, office buildings, hotels and motels and parking garages, multi-family housing facilities, warehouses, distribution centers, machines, fixtures, structures and other facilities related to industrial and commercial uses;
(d) To sell, lease or otherwise make available land in such areas for industrial and commercial or related use or to retain such land for public use, in accordance with a plan;
(16) "Public body", the state or any municipality, county, township, board, commission, authority, district or any other subdivision of the state;
(17) "Real property", all lands, including improvements and fixtures thereon, and property of any nature appurtenant thereto, or used in connection therewith, and every estate, interest and right, legal or equitable, therein, including terms for years and liens by way of judgment, mortgage or otherwise and the indebtedness secured by such liens;
(18) "Undeveloped industrial area", any area which, by reason of defective and inadequate street layout or location of physical improvements, obsolescence and inadequate subdivision and platting contains vacant parcels of land not used economically; contains old, decaying, obsolete buildings, plants, stores, shops, shopping centers, office buildings, hotels and motels and parking garages, warehouses, distribution centers, structures; contains buildings, plants, stores, shops, shopping centers, office buildings, hotels and motels and parking garages, multi-family housing facilities, warehouses, distribution centers and structures whose operation is not economically feasible; contains intermittent commercial and industrial structures in a primarily industrial or commercial area; or contains insufficient space for the expansion and efficient use of land for industrial plants and commercial uses amounting to conditions which retard economic or social growth, are economic waste and social liabilities and represent an inability to pay reasonable taxes to the detriment and injury of the public health, safety, morals and welfare.
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(L. 1967 p. 172 § 2, A.L. 1980 H.B. 1477, A.L. 1984 H.B. 1144, A.L. 1986 S.B. 591, A.L. 2021 S.B. 153 & 97)
(1975) Held constitutional as not being special legislation because of limit as to cities over 400,000. State ex rel. Atkinson v. Planned Industrial Expansion Authority (Mo.), 517 S.W.2d 36.

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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.