Effective – 01 Jan 1988 108.500. Definitions. — As used in sections 108.500 to 108.532, the following terms mean: (1) “Code”, the Internal Revenue Code of 1986; (2) “Director”, director of the department of economic development or his designee; (3) “Issuers”, state agencies, cities, counties and other entities having authority to issue private activity bonds; […]
Effective – 01 Jan 1988 108.502. Allocation to bond issuers, state ceiling used. — The allocation system provided in Section 146 of the Code with respect to all issuers, whether local or state, is hereby revoked for calendar years after December 31, 1987. The state ceiling shall be allocated among issuers, whether local or state, […]
Effective – 25 May 1990 108.508. State ceiling for each calendar year, how calculated. — The dollar amount of the state ceiling for the state of Missouri for each calendar year commencing January 1, 1988, shall be determined by the director on or before the beginning of each such calendar year in accordance with Section […]
Effective – 28 Aug 1995 108.510. Allocation application, form — criteria for consideration of approval by director — rules, promulgation, procedure. — 1. Prior to any issuance of any private activity bonds, all issuers, whether state or local, shall first make a request for an allocation by filing a signed application for each project with […]
Effective – 01 Jan 1988 108.512. Notification of approval, rejection — expiration of approved allocation. — 1. Within ten business days after receipt of an application, the director shall notify the issuer (by first class mail) that: (1) The application has been approved and the amount of the approved allocation; (2) The application has been […]
Effective – 01 Jan 1988 108.518. Extension procedure — time authorized — bonds not issued, expire when. — 1. For good cause shown, an issuer may request an extension of the expiration date of an approved allocation by filing a written notice for extension with the director, which request must be received by the director […]
Effective – 01 Jan 1988 108.520. Certification of bonds. — The director shall provide to the issuer on or prior to the date of issuance of any bonds for which an approved allocation has not expired a certification, in substantially the form required by Section 149 of the Code, that such bonds meet the requirements […]
Effective – 28 Aug 1991 108.522. Carry-forward election, procedure. — On or after December fifteenth of each year, the director may, in his discretion, approve a carry-forward election with respect to an approved allocation or any extension thereof if the issuer, in writing, requests such action and indicates that the bonds for which the approved […]
Effective – 01 Jan 1988 108.524. Expiration, resubmission of application. — In the event an approved allocation expires as provided in section 108.512 or 108.518, the issuer may resubmit an application for an allocation for the same project. Such resubmitted application shall be reviewed in the order of date received with no preference or priority […]
Effective – 01 Jan 1988 108.526. Report of all private activity bonds issued, when — procedure. — All issuers, whether state or local, are hereby required to report the amount of all private activity bonds issued pursuant to an approved allocation in accordance with sections 108.500 to 108.532 to the director by telephone no later […]
Effective – 01 Jan 1988 108.528. Violations, effect. — Failure by an issuer to report in accordance with the provisions of section 108.526, or otherwise to abide by the terms of sections 108.500 to 108.532, may, at the discretion of the director, result in the forfeiture of future allocations for private activity bonds. ——– (L. […]
Effective – 01 Jan 1988 108.530. State ceiling, revision of, director to make recommendations, when. — The director, from time to time, shall review and evaluate the use and demand for private activity bonds in proportion to the unused or uncommitted portion of the state ceiling. If, in the discretion of the director, it appears […]
Effective – 01 Jan 1988 108.532. Allocation of state ceiling, law applicable, when. — Sections 108.500 to 108.532 shall govern the allocation of the state ceiling for each calendar year commencing after December 31, 1987. ——– (L. 1987 S.B. 351 § 108.527) Effective 1-01-88
