Effective - 28 Aug 2021, 3 histories
99.847. No new TIF projects authorized for flood plain areas, applicability of restriction. (Clay, Cole, Jackson, Platte, and St. Charles counties; cities of Hannibal, Jefferson City, Springfield, and St. Joseph) — 1. Notwithstanding the provisions of sections 99.800 to 99.865 to the contrary, for all years ending on or before December 31, 2021, no new tax increment financing project shall be authorized in any area which is within an area designated as flood plain by the Federal Emergency Management Agency and which is located in or partly within a county with a charter form of government with greater than two hundred fifty thousand inhabitants but fewer than three hundred thousand inhabitants, unless the redevelopment area actually abuts a river or a major waterway and is substantially surrounded by contiguous properties with residential, industrial, or commercial zoning classifications. Notwithstanding the provisions of sections 99.800 to 99.865 to the contrary, for all years beginning on or after January 1, 2022, no new tax increment financing project shall be authorized in any area which is within an area designated as flood plain by the Federal Emergency Management Agency unless such project is located in:
(1) A county with a charter form of government and with more than six hundred thousand but fewer than seven hundred thousand inhabitants;
(2) A county of the first classification with more than two hundred thousand but fewer than two hundred sixty thousand inhabitants;
(3) A county of the first classification with more than eighty-three thousand but fewer than ninety-two thousand inhabitants and with a city of the fourth classification with more than four thousand five hundred but fewer than five thousand inhabitants as the county seat;
(4) A county of the first classification with more than seventy thousand but fewer than eighty-three thousand inhabitants and with a home rule city with more than forty-one thousand but fewer than forty-seven thousand inhabitants as the county seat;
(5) A home rule city with more than seventy-one thousand but fewer than seventy-nine thousand inhabitants;
(6) A home rule city with more than one hundred fifty-five thousand but fewer than two hundred thousand inhabitants;
(7) A home rule city with more than seventeen thousand but fewer than nineteen thousand inhabitants and partially located in any county of the third classification without a township form of government and with more than twenty-six thousand but fewer than twenty-nine thousand inhabitants;
(8) A home rule city with more than forty-one thousand but fewer than forty-seven thousand inhabitants and partially located in any county of the first classification with more than seventy thousand but fewer than eighty-three thousand inhabitants;
(9) A port district created under the provisions of chapter 68, provided that such financing is exclusively utilized to fund a port infrastructure project that is approved by the port authority; or
(10) A levee district created pursuant to chapter 245 or a drainage district created pursuant to chapter 242 or * 243 prior to August 28, 2021.
2. This section shall not apply to tax increment financing projects or districts approved prior to July 1, 2003, and shall allow such tax increment financing projects to modify, amend, or expand such projects, including redevelopment project costs, by not more than forty percent of such project original projected cost, including redevelopment project costs, as such projects, including redevelopment project costs , existed as of June 30, 2003, and shall allow such tax increment financing district to modify, amend, or expand such districts by not more than five percent as such districts existed as of June 30, 2003.
3. The provisions of subsections 1 and 2 of this section notwithstanding, no new tax increment financing project shall be authorized in any area which is within an area designated as flood plain by the Federal Emergency Management Agency and which is located in or partly within a county with a charter form of government and with more than three hundred thousand but fewer than four hundred fifty thousand inhabitants, unless the redevelopment area actually abuts a river or a major waterway and is substantially surrounded by contiguous properties with residential, industrial, or commercial zoning classifications.
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(L. 1996 H.B. 1237 § 24, A.L. 2002 S.B. 1107, A.L. 2005 S.B. 516, A.L. 2007 S.B. 22, A.L. 2021 S.B. 153 & 97)
*Word "chapter" appears here in original rolls.
Structure Missouri Revised Statutes
Title VII - Cities, Towns and Villages
Chapter 99 - Municipal Housing
Section 99.010 - Designation of law.
Section 99.030 - Declaration and purpose of law.
Section 99.040 - Creating a housing authority — need of, how determined.
Section 99.050 - Commissioners — appointment — qualifications — term — compensation.
Section 99.052 - Commissioner may be employee of city or county.
Section 99.055 - Annual audit, content — annual hearings.
Section 99.060 - Commissioner or employee of authority to have no interest in any housing project.
Section 99.070 - Commissioner, how removed.
Section 99.090 - Rentals, how fixed.
Section 99.100 - Rentals and tenant selection — duties.
Section 99.120 - Acquisition of property.
Section 99.130 - Housing projects subject to local regulations.
Section 99.134 - Commissioners of housing authority — membership — terms (Kansas City).
Section 99.140 - Authority to have power to issue bonds — liability therefor.
Section 99.150 - Bonds, how issued — how sold — interest.
Section 99.160 - Powers of authority in connection with issuance of bonds.
Section 99.170 - State auditor to pass upon validity of bonds.
Section 99.180 - Rights of an obligee of an authority.
Section 99.190 - Rights of authority upon the happening of an event of default.
Section 99.200 - Real property of authority exempt from levy and sale by virtue of an execution.
Section 99.210 - Authority may borrow money or accept grants or assistance from federal government.
Section 99.220 - Authority to file report annually.
Section 99.225 - Funds to be used only for certain purposes.
Section 99.230 - Effect of sections 99.010 to 99.230.
Section 99.300 - Citation of law.
Section 99.310 - Declaration of policy.
Section 99.330 - Authority may be created, when.
Section 99.340 - Board of commissioners — appointment — qualifications — terms.
Section 99.350 - Board of commissioners — meetings — quorum — employees.
Section 99.360 - Regional authority — creation — area of operation increased, how.
Section 99.380 - Commissioners — compensation — certificate of appointment.
Section 99.390 - Commissioner — misconduct in office — removal — procedure.
Section 99.400 - Commissioner not to acquire interest voluntarily in clearance project — penalty.
Section 99.410 - Resolution creating authority deemed conclusive, when — filing.
Section 99.420 - Powers of authority.
Section 99.450 - Authority may dispose of property, how.
Section 99.460 - Power of eminent domain — procedure.
Section 99.470 - Vacant land may be developed, when.
Section 99.480 - Bonds — authority to issue — how paid.
Section 99.490 - Bonds — conditions — interest rate — to be sold at par.
Section 99.520 - Bond issues — additional powers of authority.
Section 99.530 - Default of bonds — rights of obligee.
Section 99.540 - Obligee — additional rights.
Section 99.550 - Bonds — who may invest in.
Section 99.560 - Authority may convey property to federal government in case of default.
Section 99.570 - Property of authority exempt from execution.
Section 99.580 - Powers of a public body to cooperate in land clearance project.
Section 99.590 - Public notice of conveyance or agreement not required.
Section 99.600 - Community may issue and sell bonds to aid project.
Section 99.620 - Annual report, satisfactory progress of projects, procedure to determine.
Section 99.630 - Authority may take over projects of constitutional charter city or county.
Section 99.640 - Master plan — municipalities authorized to prepare.
Section 99.650 - Construction of law.
Section 99.660 - Powers additional to those conferred by other laws.
Section 99.705 - Assessor to issue current assessed value statement, when.
Section 99.710 - Assessor's statement, area covered — on file for ten years.
Section 99.800 - Law, how cited.
Section 99.830 - Notice of public hearings, publication and mailing requirements, contents.
Section 99.843 - Greenfield areas, no new projects to be designated, when.
Section 99.860 - Severability.
Section 99.886 - Discrimination in sale or rental prohibited.
Section 99.888 - Inspection by government agencies authorized, when — purpose.
Section 99.891 - Applicants, priority for selection.
Section 99.896 - Abatement or deferral of real property taxes, requirements.
Section 99.901 - Urban homesteading fund established, purpose.
Section 99.907 - Tax exemption for interest on bonds.
Section 99.912 - Civil actions to compel governing body issuing bonds to perform all duties.
Section 99.915 - Title — funding exclusions — act supersedes other inconsistent laws.
Section 99.919 - Out-of-state business, projects that relocate, calculation of new net revenues.
Section 99.921 - Downtown economic stimulus authority authorized, limitations.
Section 99.936 - Disposal of real property.
Section 99.968 - Debt service levies, computation of.
Section 99.975 - Application approvals, limitations.
Section 99.1000 - Definitions.
Section 99.1006 - Rural economic stimulus authority authorized, limitations.
Section 99.1021 - Disposal of real property.
Section 99.1027 - Developmental plan, contents, adoption of, procedure.
Section 99.1054 - Debt service levies, computation of.
Section 99.1080 - Citation of law.
Section 99.1082 - Definitions.
Section 99.1086 - Redevelopment plan, contents — adoption of plan, when.
Section 99.1092 - Fund established, allocation of moneys — rulemaking authority.