Effective – 28 Aug 2003 100.010. Definitions. — As used in sections 100.010 to 100.200, unless the context clearly indicates otherwise, the following words and terms have the following meanings: (1) “Division”, an appropriate division of the department of economic development of the state of Missouri, or any agency which succeeded to the functions of […]
Effective – 28 Aug 1961 100.020. Municipality may carry out industrial development projects. — The municipality may carry out projects for industrial development under the terms of sections 100.010 to 100.200. ——– (L. 1961 p. 189 § 4)
Effective – 28 Aug 1961 100.030. Acceptance of federal grants or gifts. — The municipality may accept grants from the federal and state governments for industrial development purposes, and may enter into such agreements as are not contrary to the laws of this state and which may be required as a condition of grants by […]
Effective – 28 Aug 1961 100.040. Plans for industrial development to be made. — Any municipality desiring to avail itself of the provisions of sections 100.010 to 100.200 shall prepare plans for the industrial development of such municipality. In preparing the plans, the municipality shall cooperate with local private agencies and with other state and […]
Effective – 28 Aug 2018, 3 histories 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. — 1. Any municipality proposing to carry out a project for industrial development shall first, by majority vote of the […]
Effective – 28 Aug 2018, 3 histories 100.059. Notice of proposed project for industrial development, when, contents — limitation on indebtedness, inclusions — applicability, limitation. — 1. The governing body of any municipality proposing a project for industrial development which involves issuance of revenue bonds or involves conveyance of a fee interest in property to […]
Effective – 28 Aug 1990 100.090. General obligation bonds authorized. — Any municipality may issue its general obligation bonds in an amount not in excess of ten percent of the assessed valuation of the taxable tangible property in the municipality to provide funds for the carrying out of a project under sections 100.010 to 100.200. […]
Effective – 11 Mar 1992 100.100. Revenue bonds authorized, how paid. — Any municipality may issue revenue bonds to provide funds for the carrying out of a project under sections 100.010 to 100.200. The revenue bonds shall be paid solely from revenue received from the project, and shall not be a general obligation of the […]
Effective – 28 Aug 2003 100.105. Municipality to file annual report on bond issuances with department, content. — No later than January thirty-first of each year, the municipality shall file a report with the department of economic development on the previous year’s revenue bond issuances and general obligation bond issuances, which report shall contain only […]
Effective – 22 Jun 1983 100.120. Time for election — subsequent elections. — The question of issuing general obligation bonds under a plan to finance a project which has been approved by the governing body of the municipality shall be submitted within one year from the date of approval by the governing body. If the […]
Effective – 28 Aug 1961 100.130. Municipality to fix terms and form of revenue bonds. — The municipality shall, by ordinance, provide the form of the revenue bonds to be issued hereunder and shall set out the terms under which such bonds shall be issued, including the rate of interest which they shall bear and […]
Effective – 28 Aug 1961 100.140. Sinking fund for revenue bonds. — At or before the issuance of the revenue bonds the governing body shall, by ordinance, create a sinking fund for the payment of the bonds and the interest thereon, and shall set aside and pledge a sufficient amount of the revenues of the […]
Effective – 28 Aug 1961 100.150. Revenue bonds payable from revenues only — statement on bond. — Revenue bonds issued under sections 100.010 to 100.200 shall not be payable from or charged upon any funds, other than the revenue pledged to the payment thereof, nor shall the municipality issuing the bonds be subject to any […]
Effective – 22 Jun 1983 100.155. Revenue bonds, municipalities, refunding issue authorized — form and terms. — 1. Any municipality which has revenue bonds issued pursuant to the provisions of sections 100.010 to 100.200 may issue refunding revenue bonds to provide funds to refund any or all of such revenue bonds, including payment of unpaid […]
Effective – 28 Aug 1961 100.160. Municipality to carry out plan on receipt of funds. — When funds have been received by the municipality for the carrying out of the project, the municipality shall purchase, construct, extend or improve the facilities as provided by the plan. ——– (L. 1961 p. 189 § 16)
Effective – 28 Aug 1961 100.170. Construction to be under contract — how let, notice. — Whenever the approved plan for the project calls for the construction, improvement or extension of facilities, the municipality shall enter into a contract for the purpose. All contracts shall be let on competitive bidding to the lowest and best […]
Effective – 28 Aug 2003 100.180. Municipality’s power to enter into loans, sales, leases or mortgages — terms — requirements. — The municipality shall have the authority to enter into loan agreements, sell, lease, or mortgage to private persons, partnerships or corporations the facilities purchased, constructed or extended by the municipality for manufacturing and industrial […]
Effective – 22 Jun 1983 100.190. Property acquired may be sold. — Any municipality may sell or otherwise dispose of the property, or buildings or plants acquired with the proceeds from the sale of general obligation bonds issued under sections 100.010 to 100.200, to private persons or corporations for warehousing, manufacturing or industrial development purposes […]
Effective – 22 Jun 1983 100.200. Sales of industrial development property acquired with revenue bonds. — Any municipality may sell or otherwise dispose of the property or buildings or plants, acquired with the proceeds from the sale of revenue bonds issued under sections 100.100 to 100.190, to private persons or corporations for manufacturing or industrial […]
