Section 251.600 – Citation of law.
Effective – 28 Aug 2007 251.600. Citation of law. — Sections 251.600 to 251.630 shall be known and may be cited as the “Regional Economic Development District Law”. ——– (L. 2007 H.B. 741)
Section 251.603 – Definitions.
Effective – 28 Aug 2007 251.603. Definitions. — As used in sections 251.600 to 251.630, the following terms shall mean: (1) “Baseline year”, the calendar year prior to the effective date of a resolution by the regional economic development district board approving a regional economic development project; provided, however, if economic activity taxes from businesses […]
Section 251.605 – District may be established — board, members, how appointed.
Effective – 28 Aug 2007 251.605. District may be established — board, members, how appointed. — 1. A regional economic development district may be established by two or more governing bodies in order to plan, formulate, develop, promote, fund, conduct or cause to be conducted programs to encourage the economic development of the district. The […]
Section 251.610 – Powers of the board.
Effective – 28 Aug 2007 251.610. Powers of the board. — The ordinances or mutual agreements which establish the district shall specify the powers of the board. The powers of the board shall not include the power of eminent domain. The powers of the board may include, but shall not be limited to, the following: […]
Section 251.615 – Sales tax authorized, ballot language — deposit of tax revenue, use of moneys — abolishment of tax, effect of — annual report, contents — severability clause.
Effective – 28 Aug 2007 251.615. Sales tax authorized, ballot language — deposit of tax revenue, use of moneys — abolishment of tax, effect of — annual report, contents — severability clause. — 1. Any city or county that has agreed to form a regional economic development district created under the regional economic development district […]
Section 251.618 – Incremental tax financing permitted, when — county assessor duties — tax rates, determination of.
Effective – 28 Aug 2007 251.618. Incremental tax financing permitted, when — county assessor duties — tax rates, determination of. — 1. A regional economic development district board, after adopting a regional economic development plan, may adopt incremental tax financing as set forth in this section for the purposes of the district by passing a […]
Section 251.621 – Plan required, contents — findings required.
Effective – 28 Aug 2007 251.621. Plan required, contents — findings required. — 1. A regional economic development plan shall set forth in writing a general description of the program to be undertaken to accomplish the regional economic development projects and related objectives and shall include, but need not be limited to: (1) The name, […]
Section 251.624 – Termination of incremental tax financing, when, procedure.
Effective – 28 Aug 2007 251.624. Termination of incremental tax financing, when, procedure. — 1. When all regional economic development project costs and all obligations issued to finance regional economic development project costs have been paid in full, the regional economic development district shall adopt a resolution terminating incremental tax financing for all regional economic […]
Section 251.627 – County clerk to annually ascertain amount of value of taxable property in the district.
Effective – 28 Aug 2007 251.627. County clerk to annually ascertain amount of value of taxable property in the district. — In each of the twenty-five calendar years following the adoption of a resolution adopting incremental tax financing for a regional economic development project area, unless and until incremental tax financing for such regional economic […]
Section 251.630 – Issuance of bonds, purpose — refunding — interest exempt from state taxation.
Effective – 28 Aug 2007 251.630. Issuance of bonds, purpose — refunding — interest exempt from state taxation. — 1. A regional economic development district may at any time authorize or issue revenue bonds for the purpose of paying all or any part of the cost of any regional economic development project. Every issue of […]