Effective - 28 Aug 2007
251.627. County clerk to annually ascertain amount of value of taxable property in the district. — In each of the twenty-five calendar years following the adoption of a resolution adopting incremental tax financing for a regional economic development project area, unless and until incremental tax financing for such regional economic development project area is terminated by resolution of the regional economic development district board, then, in respect to every taxing district containing such regional economic 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 regional economic development project area for the purpose of computing any debt service levies to be extended upon taxable property within such regional economic development project area shall in every year that incremental tax financing is in effect ascertain the amount of value of taxable property in such regional economic development project area by including in such amount the certified total initial equalized assessed value of all taxable real property in such regional economic development project area in lieu of the equalized assessed value of all taxable real property in such regional economic development project area. For the purpose of measuring the size of payments in lieu of taxes under the regional economic development district law, all tax levies shall then be extended to the current equalized assessed value of all property in the regional economic development project area in the same manner as the tax rate percentage is extended to all other taxable property in the taxing district.
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(L. 2007 H.B. 741)
Structure Missouri Revised Statutes
Title XVI - Conservation, Resources and Development
Chapter 251 - Community Affairs, Planning and Development
Section 251.010 - Department created.
Section 251.020 - Definitions.
Section 251.030 - Functions of department.
Section 251.032 - Payments to regional planning commissions, how made — limitation.
Section 251.034 - Matching funds required — limitation on state funds.
Section 251.036 - Application for funds, how made — approval of governor required.
Section 251.040 - Department may require reimbursement from political subdivisions.
Section 251.050 - Director, appointment, compensation.
Section 251.060 - Duties of director.
Section 251.080 - Director may delegate his duties, structure department, appoint committees.
Section 251.090 - Powers of department.
Section 251.100 - Office of department to be in Jefferson City.
Section 251.110 - Biennial report to be submitted.
Section 251.120 - Interference with other state agencies or local governments not intended.
Section 251.140 - Transfer of duties and funds of office of state and regional planning.
Section 251.150 - Short title.
Section 251.170 - Department official state planning agency — powers and duties.
Section 251.180 - Projects covered.
Section 251.190 - State office, functions and powers.
Section 251.200 - Governor may assign state office additional duties.
Section 251.210 - State office annual report.
Section 251.220 - Source of matching funds.
Section 251.240 - State office in Jefferson City.
Section 251.250 - Regional commissions — membership — terms — qualifications.
Section 251.260 - Expenses of regional commission members.
Section 251.270 - Regional commission officers — meetings — records.
Section 251.280 - Regional commission may employ executive secretary, employees, consultants.
Section 251.290 - Regional commission may appoint advisory group — expenses of advisory members.
Section 251.300 - Regional commission, powers and duties — functions advisory only.
Section 251.310 - Regional commission annual report, to whom made.
Section 251.320 - Regional plan, contents.
Section 251.330 - Plan to be filed — hearing — notice.
Section 251.340 - Adoption of plan.
Section 251.350 - Certification of plan to local governmental units.
Section 251.360 - Selection of sites for facilities included in regional plan.
Section 251.370 - Adoption of plan by local governmental units — hearing — notice.
Section 251.380 - Authorized planning units may contract with federal, state, or local governments.
Section 251.390 - Regional commission may accept funds.
Section 251.400 - Regional commission budget — apportionment of costs to local units.
Section 251.410 - Regional commission may be compensated for unique services.
Section 251.420 - Regional commission may accept payment in kind from local units.
Section 251.440 - Dissolution of regional commission, procedure.
Section 251.470 - Citation of law.
Section 251.473 - Definitions.
Section 251.476 - Missouri main street program, established — purposes.
Section 251.479 - Techniques to be employed by program.
Section 251.481 - Plan, development of, contents of — pilot cities.
Section 251.483 - Duties of department of economic development.
Section 251.485 - Missouri main street program fund, created — uses of fund — fund not to lapse.
Section 251.500 - Definitions.
Section 251.505 - Economic development district, established, how, purpose — board established, how.
Section 251.510 - Powers of board.
Section 251.600 - Citation of law.
Section 251.603 - Definitions.
Section 251.605 - District may be established — board, members, how appointed.
Section 251.610 - Powers of the board.
Section 251.621 - Plan required, contents — findings required.
Section 251.624 - Termination of incremental tax financing, when, procedure.
Section 251.630 - Issuance of bonds, purpose — refunding — interest exempt from state taxation.