Section 389.161 – Definitions.
389.161 Definitions. Sec. 161. As used in this chapter: (a) “Agreement” means a written agreement between an employer and a community college district concerning a project and any amendments to that agreement. (b) “Bond” or “bonds” means bonds, notes, or other debt issued by a community college district under this chapter. (c) “Employer” means a […]
Section 389.162 – Agreement by Community College and Employer; Establishment of Project; Provisions; Payments as Lien on Employer’s Business Property; Filing With Department of Treasury; Limitation on Entering New Agreements.
389.162 Agreement by community college and employer; establishment of project; provisions; payments as lien on employer’s business property; filing with department of treasury; limitation on entering new agreements. Sec. 162. (1) A community college district may enter into an agreement to establish a project with an employer engaged in business activities anywhere in the state. […]
Section 389.163 – Program Costs of New Jobs Training Program; Payment From Money Received From New Jobs Credit From Withholding; Agreement; Provisions; Amount Remitted to Community College District; Information to Be Provided to Department of Treasury.
389.163 Program costs of new jobs training program; payment from money received from new jobs credit from withholding; agreement; provisions; amount remitted to community college district; information to be provided to department of treasury. Sec. 163. (1) If any part of the program costs of a new jobs training program are to be paid from […]
Section 389.164 – New Jobs Training Revenue Bonds; Sunset.
389.164 New jobs training revenue bonds; sunset. Sec. 164. (1) Subject to subsection (16), by resolution of its board of trustees, a community college district may authorize, issue, and sell its new jobs training revenue bonds in anticipation of payments to be received pursuant to an agreement, subject to the requirements of this chapter, to […]
Section 389.165 – Tax Exemption.
389.165 Tax exemption. Sec. 165. Bonds and notes issued by a community college district under this chapter and the interest on and income from those bonds and notes are exempt from taxation by this state or a political subdivision of this state. History: Add. 2008, Act 359, Imd. Eff. Dec. 23, 2008
Section 389.166 – Aggregate Outstanding Obligation of All Agreements; Limitation.
389.166 Aggregate outstanding obligation of all agreements; limitation. Sec. 166. The aggregate outstanding obligation of all agreements entered into under this chapter shall not exceed $50,000,000.00 in any calendar year. History: Add. 2008, Act 359, Imd. Eff. Dec. 23, 2008