Section 140.985 – Real property to be held in agency name — public inspection of inventory — transfer of property, requirements — proceeds of sales, use of.
Effective – 28 Aug 2019 140.985. Real property to be held in agency name — public inspection of inventory — transfer of property, requirements — proceeds of sales, use of. — 1. A land bank agency shall hold in its own name all real property acquired by such land bank agency irrespective of the identity […]
Section 140.986 – Productive use of property, time period to show — extension, when — public sale, when.
Effective – 28 Aug 2019 140.986. Productive use of property, time period to show — extension, when — public sale, when. — 1. No later than two years from the date it acquired the property, a land bank agency shall either sell, put to a productive use, or show significant progress towards selling or putting […]
Section 140.987 – Sale of property, buyer must own for three years — violation, civil liability.
Effective – 28 Aug 2019 140.987. Sale of property, buyer must own for three years — violation, civil liability. — A land bank agency shall ensure that any contract for the sale of residential property owned by the land bank agency shall have a clause that the buyer shall own the property for three years […]
Section 140.988 – Funding sources for agency — property taxes, distribution by county collector to agency after sale of property.
Effective – 28 Aug 2019 140.988. Funding sources for agency — property taxes, distribution by county collector to agency after sale of property. — 1. A land bank agency may receive funding through grants, gifts, and loans from political subdivisions, the state, the federal government, and other public and private sources. 2. Except as otherwise […]
Section 140.991 – Annual audit, when — performance audit, when.
Effective – 28 Aug 2019 140.991. Annual audit, when — performance audit, when. — 1. There shall be an annual audit of the affairs, accounts, expenses, and financial transactions of a land bank agency by a certified public accountant before April thirtieth of each year, which accountant shall be employed by the land bank agency […]
Section 140.997 – Meeting requirements.
Effective – 28 Aug 2019 140.997. Meeting requirements. — Except as otherwise provided under state law, the land bank agency meetings shall cause minutes and a record to be kept of all its proceedings. The land bank agency shall be subject to the provisions of chapter 109, chapter 610, and any other applicable provisions of […]
Section 140.750 – Commission allowed on collection of revenue.
Effective – 28 Aug 1945 140.750. Commission allowed on collection of revenue. — All officers required by law to receive and pay over to the collectors any part of the state and county revenue shall receive as full compensation, commission on the amount received at the rate of two percent; provided, that in counties of […]
Section 140.850 – Contracts with private attorneys or collection agencies for assistance.
Effective – 28 Aug 1986 140.850. Contracts with private attorneys or collection agencies for assistance. — For all taxes administered by the department of revenue, the director may enter into contracts with private attorneys or professional collection agencies for the collection of delinquent taxes owed by residents or nonresidents of the state of Missouri; except […]
Section 140.855 – Vendors, office of administration to pay funds due vendors to department of revenue, when — notice, contents — hearing, procedure, effect of failure to request.
Effective – 01 Jul 1993 140.855. Vendors, office of administration to pay funds due vendors to department of revenue, when — notice, contents — hearing, procedure, effect of failure to request. — 1. If a vendor identified by the department of revenue is determined by the department to owe tax, the office of administration shall […]
Section 140.980 – Citation of law — definitions.
Effective – 28 Aug 2019 140.980. Citation of law — definitions. — 1. Sections 140.980 to 140.1015 shall be known and may be cited as the “Land Bank Act”. 2. As used in sections 140.980 to 140.1015, the following terms mean: (1) “Ancillary parcel”, a parcel of real estate acquired by a land bank agency […]