Section 99.945 – Permission needed for designation of development area outside boundaries of municipality.
Effective – 07 Jul 2003 99.945. Permission needed for designation of development area outside boundaries of municipality. — In the event a municipality desires to designate a development area located in whole or in part outside the incorporated boundaries of the municipality and within the boundaries of another municipality, such municipality shall first obtain the […]
Section 99.948 – Powers of municipality creating authority — powers authorized to authority — public hearings held, when.
Effective – 07 Jul 2003 99.948. Powers of municipality creating authority — powers authorized to authority — public hearings held, when. — 1. A municipality which has created an authority pursuant to section 99.921 may: (1) Approve by ordinance the exercise by the authority of the powers, functions, and duties of the authority under sections […]
Section 99.951 – Adoption of authorizing ordinance, public hearings to be held — notice for hearing, contents.
Effective – 07 Jul 2003 99.951. Adoption of authorizing ordinance, public hearings to be held — notice for hearing, contents. — 1. Prior to the adoption of the ordinance designating a development area, adopting a development plan, or approving a development project, the municipality or authority shall fix a time and place for a public […]
Section 99.954 – Financing project costs, issuance of obligations permitted, procedure — immunity from liability for obligations — retiring or refinancing debt, restrictions.
Effective – 07 Jul 2003 99.954. Financing project costs, issuance of obligations permitted, procedure — immunity from liability for obligations — retiring or refinancing debt, restrictions. — 1. For the purpose of financing development project costs, obligations may be issued by the municipality, or, at the request of the municipality, by the authority or any […]
Section 99.957 – Adoption of development financing by ordinance — county assessor to determine total equalized assessed value — calculation of ad valorem taxes — allocation of economic activity taxes.
Effective – 07 Jul 2003 99.957. Adoption of development financing by ordinance — county assessor to determine total equalized assessed value — calculation of ad valorem taxes — allocation of economic activity taxes. — 1. A municipality, after designating a development area, adopting a development plan, and adopting any development project in conformance with the […]
Section 99.930 – Contracts, authority may transact business, when — validity of authority not to be challenged, when.
Effective – 07 Jul 2003 99.930. Contracts, authority may transact business, when — validity of authority not to be challenged, when. — 1. In any suit, action, or proceeding involving the validity or enforcement of or relating to any contract of an authority entered into pursuant to sections 99.915 to 99.980, such authority shall be […]
Section 99.915 – Title — funding exclusions — act supersedes other inconsistent laws.
Effective – 07 Jul 2003 99.915. Title — funding exclusions — act supersedes other inconsistent laws. — 1. Sections 99.915 to 99.1060 shall be known and may be cited as the “Missouri Downtown and Rural Economic Stimulus Act”. 2. Nothing in sections 99.915 to 99.1060 shall be construed to provide any funding for the construction, […]
Section 99.918 – Definitions.
Effective – 28 Aug 2021, 3 histories 99.918. Definitions. — As used in sections 99.915 to 99.980, unless the context clearly requires otherwise, the following terms shall mean: (1) “Authority”, the downtown economic stimulus authority for a municipality, created pursuant to section 99.921; (2) “Baseline year”, the calendar year prior to the adoption of an […]
Section 99.919 – Out-of-state business, projects that relocate, calculation of new net revenues.
Effective – 07 Jul 2003 99.919. Out-of-state business, projects that relocate, calculation of new net revenues. — Notwithstanding anything contained in sections 99.915 to 99.980 to the contrary, for development projects that result in the relocation of an out-of-state business or out-of-state businesses to the development project area, the portion of economic activity taxes, the […]
Section 99.921 – Downtown economic stimulus authority authorized, limitations.
Effective – 07 Jul 2003 99.921. Downtown economic stimulus authority authorized, limitations. — Each municipality may create an authority to be known as a “Downtown Economic Stimulus Authority”; provided, however: (1) No such authority shall transact any business or exercise its powers pursuant to sections 99.915 to 99.980 until and unless the governing body of […]