SECONDREGULARSESSION
HOUSECOMMITTEESUBSTITUTEFOR
HOUSEBILLNO.2418
101STGENERALASSEMBLY
4599H.03C DANARADEMANMILLER,ChiefClerk
ANACT
Torepealsections620.800,620.803,620.806,620.809,and620.2475,RSMo,andtoenactin
lieuthereoffivenewsectionsrelatingtotheMissourionestartprogram.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Sections620.800,620.803,620.806,620.809,and620.2475,RSMo,are
2repealedandfivenewsectionsenactedinlieuthereof,tobeknownassections620.800,
3620.803,620.806,620.809,and620.2475,toreadasfollows:
620.800.Thefollowingadditionaltermsusedinsections620.800to620.809shall
2mean:
3 (1)"Agreement",theagreementbetweenaqualifiedcompany,acommunitycollege
4district,andthedepartmentconcerningatrainingproject.Anysuchagreementshallcomply
5withtheprovisionsofsection620.017;
6 (2)"Application",aformdevelopedbyandsubmittedtothedepartmentbya
7localeducationagencyonbehalfofaqualifiedcompanyapplyingforbenefitsunder
8section620.806;
9 [(2)](3)"Boardoftrustees",theboardoftrusteesofacommunitycollegedistrict
10establishedundertheprovisionsofchapter178;
11 [(3)"Certificate",aneworretainedjobstrainingcertificateissuedundersection
12620.809;]
13 (4)"Committee",theMissourionestartjobtrainingjointlegislativeoversight
14committee,establishedundertheprovisionsofsection620.803;
15 (5)"Department",theMissouridepartmentofeconomicdevelopment;
16 (6)"Employee",apersonemployedbyaqualifiedcompany;
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 17 [(7)"ExistingMissouribusiness",aqualifiedcompanythat,fortheten-yearperiod
18precedingsubmissionofanoticeofintenttothedepartment,hadaphysicallocationin
19Missouriandfull-timeemployeeswhoroutinelyperformedjobdutieswithinMissouri;
20 (8)](7)"Full-timeemployee",anemployeeofthequalifiedcompanywhois
21scheduledtoworkanaverageofatleastthirty-fivehoursperweekforatwelve-monthperiod,
22andonetowhomthequalifiedcompanyoffershealthinsuranceandpaysatleastfiftypercent
23ofsuchinsurancepremiums;
24 [(9)](8)"Localeducationagency",acommunitycollegedistrict,two-yearstate
25technicalcollege,ortechnicalcareereducationcenter;
26 [(10)] (9)"Missourionestartprogram",the[training] programestablishedunder
27sections620.800to620.809;
28 [(11)](10)"Newcapitalinvestment",costsincurredbythequalifiedcompanyatthe
29projectfacilityforrealorpersonalproperty,thatmayincludethevalueoffinanceorcapital
30leasesforrealorpersonalpropertyforthetermofsuchleaseattheprojectfacilityexecuted
31afteracceptancebythequalifiedcompanyoftheproposalforbenefitsfromthedepartmentor
32approvaloftheapplicationornoticeofintent;
33 [(12)] (11)"Newjob",thenumberoffull-timeemployeeslocatedattheproject
34facilitythatexceedstheprojectfacilitybaseemploymentlessanydecreaseinthenumberof
35full-timeemployeesatrelatedfacilitiesbelowtherelatedfacilitybaseemployment.Nojob
36thatwascreatedpriortothedateoftheapplicationornoticeofintentshallbedeemedanew
37job.Anemployeewhospendslessthanfiftypercentofhisorherworktimeatthefacilityis
38stillconsideredtobelocatedatafacilityifheorshereceiveshisorherdirectionsandcontrol
39fromthatfacility,ifheorsheisonthefacility'spayroll,andifonehundredpercentofthe
40employee'sincomefromsuchemploymentisMissouriincome,andtheemployeeispaidator
41abovetheapplicablepercentageofthecounty'saveragewage;
42 [(13)] (12)"Newjobscredit",thecreditfromwithholdingremittedbyaqualified
43companyprovidedundersubsection[7]8ofsection620.809;
44 [(14)] (13)"Noticeofintent",aformdevelopedbyandsubmittedtothedepartment
45thatstatesthequalifiedcompany'sintenttorequestbenefitsunder[thisprogram] section
46620.809;
47 [(15)] (14)"Projectfacility",thebuildingorbuildingsusedbyaqualifiedcompanyat
48whichneworretainedjobsandanynewcapitalinvestmentareorwillbelocated.Aproject
49facilitymayincludeseparatebuildingslocatedwithinsixtymilesofeachothersuchthattheir
50purposeandoperationsareinterrelated[, providedthat,ifthebuildingsmakinguptheproject
51facilityarenotlocatedwithinthesamecounty,theaveragewageofthenewpayrollmust
52exceedtheapplicablepercentageofthehighestcountyaveragewageamongthecountiesin
53whichthebuildingsarelocated]. Uponapprovalbythedepartment,asubsequentproject
HCSHB2418 2 54facilitymaybedesignatedifthequalifiedcompanydemonstratesaneedtorelocatetothe
55subsequentprojectfacilityatanytimeduringtheprojectperiod;
56 [(16)] (15)"Projectfacilitybaseemployment",thegreaterofthenumberoffull-time
57employeeslocatedattheprojectfacilityonthedateoftheapplicationornoticeofintentor,
58forthetwelve-monthperiodpriortothedateoftheapplicationornoticeofintent,the
59averagenumberoffull-timeemployeeslocatedattheprojectfacility.Intheeventtheproject
60facilityhasnotbeeninoperationforafulltwelve-monthperiod,theaveragenumberoffull-
61timeemployeesforthenumberofmonthstheprojectfacilityhasbeeninoperationpriorto
62thedateoftheapplicationornoticeofintent;
63 [(17)] (16)"Qualifiedcompany",afirm,partnership,jointventure,association,
64privateorpubliccorporationwhetherorganizedforprofitornot,orheadquartersofsuch
65entityregisteredtodobusinessinMissourithatistheowneroroperatorofaprojectfacility,
66offershealthinsurancetoallfull-timeemployeesofallfacilitieslocatedinthisstate,andpays
67atleastfiftypercentofsuchinsurancepremiums.Forthepurposesofsections620.800to
68620.809,theterm"qualifiedcompany"shallnotmean:
69 (a)Gamblingestablishments(NAICSindustrygroup7132);
70 (b)Retailtradeestablishments(NAICSsectors44and45)thathaveconsumer-
71basedstorefronts,exceptwithrespecttoanycompanyheadquarteredinthisstatewitha
72majorityofitsfull-timeemployeesengagedinoperationsnotwithintheNAICScodes
73specifiedinthissubdivision;
74 (c)Foodservicesanddrinkingplaces(NAICSsubsector722);
75 (d)Publicutilities(NAICS221includingwaterandsewerservices);
76 (e)Anycompanythatisdelinquentinthepaymentofanynonprotestedtaxesorany
77otheramountsduethestateorfederalgovernmentoranyotherpoliticalsubdivisionofthis
78state;
79 (f)Anycompanyrequestingbenefitsforretainedjobsthathasfiledfororhas
80publiclyannounceditsintentiontofileforbankruptcyprotection.However,acompanythat
81hasfiledfororhaspubliclyannounceditsintentiontofileforbankruptcymaybeaqualified
82companyprovidedthatsuchcompany:
83 a.Certifiestothedepartmentthatitplanstoreorganizeandnottoliquidate;and
84 b.Afteritsbankruptcypetitionhasbeenfiled,itproducesproof,inaformandat
85timessatisfactorytothedepartment,thatitisnotdelinquentinfilinganytaxreturnsor
86makinganypaymentduetothestateofMissouri,includingbutnotlimitedtoalltax
87paymentsdueafterthefilingofthebankruptcypetitionandunderthetermsoftheplanof
88reorganization;
89 (g)Educationalservices(NAICSsector61);
90 (h)Religiousorganizations(NAICSindustrygroup8131);
HCSHB2418 3 91 (i)Publicadministration(NAICSsector92);
92 (j)Ethanoldistillationorproduction;or
93 (k)Biodieselproduction.
94
95Notwithstandinganyprovisionofthissectiontothecontrary,theheadquarters,administrative
96offices,orresearchanddevelopmentfacilitiesofanotherwiseexcludedbusinessmayqualify
97forbenefitsiftheofficesorfacilitiesserveamultistateterritory.Intheeventanational,state,
98orregionalheadquartersoperationisnotthepredominantactivityofaprojectfacility,thejobs
99andinvestmentofsuchoperationshallbeconsideredeligibleforbenefitsunderthissectionif
100theotherrequirementsaresatisfied;
101 [(18)] (17)"Recruitmentservices",thepromotionofworkforceopportunitiesin
102Missouri;
103 (18)"Relatedcompany":
104 (a)Acorporation,partnership,trust,orassociationcontrolledbythequalified
105company;
106 (b)Anindividual,corporation,partnership,trust,orassociationincontrolofthe
107qualifiedcompany;or
108 (c)Corporations,partnerships,trusts,orassociationscontrolledbyanindividual,
109corporation,partnership,trust,orassociationincontrolofthequalifiedcompany.Asusedin
110thissubdivision,"controlofacorporation"shallmeanownership,directlyorindirectly,of
111stockpossessingatleastfiftypercentofthetotalcombinedvotingpowerofallclassesof
112stockentitledtovote;"controlofapartnershiporassociation"shallmeanownershipofat
113leastfiftypercentofthecapitalorprofitsinterestinsuchpartnershiporassociation;"control
114ofatrust"shallmeanownership,directlyorindirectly,ofatleastfiftypercentofthe
115beneficialinterestintheprincipalorincomeofsuchtrust;and"ownership"shallbe
116determinedasprovidedinSection318oftheInternalRevenueCodeof1986,asamended;
117 (19)"Relatedfacility",afacilityoperatedbythequalifiedcompanyorarelated
118companylocatedinthisstatethatisdirectlyrelatedtotheoperationsoftheprojectfacilityor
119inwhichoperationssubstantiallysimilartotheoperationsoftheprojectfacilityare
120performed;
121 (20)"Relatedfacilitybaseemployment",thegreaterofthenumberoffull-time
122employeeslocatedatallrelatedfacilitiesonthedateoftheapplicationornoticeofintentor,
123forthetwelve-monthperiodpriortothedateoftheapplicationornoticeofintent,the
124averagenumberoffull-timeemployeeslocatedatallrelatedfacilitiesofthequalified
125companyorarelatedcompanylocatedinthisstate;
126 (21)"Relocationcosts",costspaidbyaqualifiedcompanyforafull-time
127employeewhoisrelocatingtoMissourifromoutofstatetoworkinanewjob.
HCSHB2418 4 128"Relocationcosts"shallexcludecostsforresidentsrelocatingfromaKansasborder
129countytoaMissouribordercounty,asthosetermsaredefinedinsubsection1ofsection
130135.1670,solongassubsection2ofsection135.1670isineffect.Anyreimbursementfor
131relocationcostsshallbelimitedtofiftypercentoftheamountpaidbytheemployerto
132coveractualrelocationexpenses,suchasreasonablemovingandrelatedtravelexpenses.
133Anamountpaidtoaqualifiedcompanyshallnotexceedthreethousandfivehundred
134dollarsperemployeeandshallnotexceedfiftypercentofthetotaltrainingproject
135award;
136 [(21)] (22)"Retainedjobs",theaveragenumberoffull-timeemployeesofaqualified
137companylocatedattheprojectfacilityduringeachmonthforthecalendaryearprecedingthe
138yearinwhichtheapplicationornoticeofintentissubmitted;
139 [(22)] (23)"Retainedjobscredit",thecreditfromwithholdingremittedbyaqualified
140companyprovidedundersubsection[7]8ofsection620.809;
141 [(23)] (24)"Targetedindustry",anindustryoroneofaclusterofindustriesidentified
142bythedepartmentbyrulefollowingastrategicplanningprocessasbeingcriticaltothestate's
143economicsecurityandgrowth;
144 [(24)"Trainingprogram",theMissourionestartprogramestablishedundersections
145620.800to620.809;]
146 (25)"Trainingproject",theprojectorprojectsestablishedthroughtheMissourione
147startprogramforthecreationorretentionofjobsbyprovidingeducationandtrainingof
148workers;
149 (26)"Trainingprojectcosts",mayincludeallnecessaryandincidentalcostsof
150providingprogramservicesthroughthe[training] Missourionestartprogram,suchas:
151 (a)Trainingmaterialsandsupplies;
152 (b)Wagesandbenefitsofinstructors,whomayormaynotbeemployedbythe
153eligibleindustry,andthecostoftrainingsuchinstructors;
154 (c)Subcontractedservices;
155 (d)On-the-jobtraining;
156 (e)Trainingfacilitiesandequipment;
157 (f)Skillassessment;
158 (g)Trainingprojectandcurriculumdevelopment;
159 (h)Traveldirectlytothetrainingproject,includingacoordinatedtransportation
160programfortrainingifthetrainingcanbemoreeffectivelyprovidedoutsidethecommunity
161wherethejobsaretobelocated;
162 (i)Paymentstothird-partytrainingprovidersandtotheeligibleindustry;
163 (j)Teachingandassistanceprovidedbyeducationalinstitutionsinthestateof
164Missouri;
HCSHB2418 5 165 (k)In-planttraininganalysis,includingfeesforprofessionalsandnecessarytravel
166andexpenses;
167 (l)Assessmentandpreselectiontools;
168 (m)Publicity;
169 (n)Instructionalservices;
170 (o)Rentalofinstructionalfacilitieswithnecessaryutilities;[and]
171 (p)Relocationcosts;
172 [(p)](q)Paymentoftheprincipal,premium,andinterestoncertificates,including
173capitalizedinterest,issuedtofinanceaproject,andthefundingandmaintenanceofadebt
174servicereservefundtosecuresuchcertificates;or
175 (r)Costsoftrainingprojectservicesnototherwiseincludedinthisdefinitionof
176"trainingprojectcosts";
177 (27)"Trainingprojectservices",mayinclude,butshallnotbelimitedto,the
178following:
179 (a)Jobtraining,whichmayinclude,butnotbelimitedto,preemploymenttraining,
180analysisofthespecifiedtrainingneedsforaqualifiedcompany,developmentoftraining
181plans,andprovisionoftrainingthroughqualifiedtrainingstaff;
182 (b)Adultbasiceducationandjob-relatedinstruction;
183 (c)Vocationalandskill-assessmentservicesandtesting;
184 (d)Trainingfacilities,equipment,materials,andsupplies;
185 (e)On-the-jobtraining;
186 (f)Administrativeexpensesatareasonableamountdeterminedbythedepartment;
187 (g)Subcontractedserviceswithstateinstitutionsofhighereducation,privatecolleges
188oruniversities,orotherfederal,state,orlocalagencies;
189 (h)Contractedorprofessionalservices;and
190 (i)Issuanceofcertificates,whenapplicable.
620.803.1.Thedepartmentshallestablisha"MissouriOneStartProgram"toassist
2[qualified] companies[inthe]withrecruitmentservices,trainingofemployeesinnewjobs,
3andtheretrainingorupgradingofskillsoffull-timeemployeesinretainedjobsasprovidedin
4sections620.800to620.809.The[training] Missourionestartprogramshallbefunded
5throughappropriationstothefundsestablishedundersections620.806and620.809.The
6departmentshall,tothemaximumextentpracticable,prioritizefundingunderthe[training]
7Missourionestartprogramtoassistqualifiedcompaniesintargetedindustries.
8 2.[Thereisherebycreatedthe"MissouriOneStartJobTrainingJointLegislative
9OversightCommittee".ThecommitteeshallconsistofthreemembersoftheMissourisenate
10appointedbythepresidentprotemporeofthesenateandthreemembersofthehouseof
11representativesappointedbythespeakerofthehouse.Nomorethantwoofthemembersof
HCSHB2418 6 12thesenateandtwoofthemembersofthehouseofrepresentativesshallbefromthesame
13politicalparty.Membersofthecommitteeshallreporttothegovernor,thepresidentpro
14temporeofthesenate,andthespeakerofthehouseofrepresentativesonallassistanceto
15qualifiedcompaniesundertheprovisionsofsections620.800to620.809providedduringthe
16precedingfiscalyear.ThereportofthecommitteeshallbedeliverednolaterthanOctober
17firstofeachyear.Thedirectorofthedepartmentshallreporttothecommitteesuch
18informationasthecommitteemaydeemnecessaryforitsannualreport.Membersofthe
19committeeshallreceivenocompensationinadditiontotheirsalaryasmembersofthegeneral
20assemblybutmayreceivetheirnecessaryexpenseswhileattendingthemeetingsofthe
21committee,tobepaidoutofthejointcontingentfund.
22 3.]Thedepartmentshallpublishguidelinesandmaypromulgaterulesandregulations
23governingthe[training] Missourionestartprogram.Inestablishingsuchguidelinesand
24promulgatingsuchrulesandregulations,thedepartmentshallconsidersuchfactorsasthe
25potentialnumberofnewjobstobecreatedornumberofjobstoberetained,thepotential
26numberofnewminorityjobscreated,theamountofnewcapitalinvestmentinnewor
27existingfacilitiesandequipment,thesignificanceofstatebenefitstothequalifiedcompany's
28decisiontolocateorexpandinMissouri,theeconomicneedoftheaffectedcommunity,and
29theimportanceofthequalifiedcompanytotheeconomicdevelopmentofthestate.Anyrule
30orportionofarule,asthattermisdefinedinsection536.010,thatiscreatedunderthe
31authoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplieswithandis
32subjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.Thissection
33andchapter536arenonseverableandifanyofthepowersvestedwiththegeneralassembly
34pursuanttochapter536toreview,todelaytheeffectivedate,ortodisapproveandannula
35rulearesubsequentlyheldunconstitutional,thenthegrantofrulemakingauthorityandany
36ruleproposedoradoptedafterAugust28,2013,shallbeinvalidandvoid.
37 [4.]3.ThedepartmentshallmakeMissourionestartprogramapplicationsand
38guidelinesavailableonline.
39 [5.]4.Thedepartmentmaycontractwithotherentitiesforthepurposesof
40advertising,marketing,orpromotingthe[training] Missourionestartprogramestablishedin
41sections620.800to620.809.Anyassistancethroughthe[training] Missourionestart
42programshallbeprovidedunderanagreement.
43 [6.]5.Priortotheauthorizationofanyapplicationsubmittedthroughthe[training]
44Missourionestartprogram,thedepartmentshallverifytheapplicant'staxpaymentstatus
45andoffsetanydelinquenciesasprovidedinsection135.815.
46 [7.]6.Anyqualifiedcompanythatisawardedbenefitsundersections620.800to
47620.809andwhofilesforbankruptcyunderChapter7oftheUnitedStatesBankruptcyCode,
48Title11U.S.C.,asamended,shallimmediatelynotifythedepartment,shallforfeitsuch
HCSHB2418 7 49benefits,andshallrepaythestateanamountequaltoanystatetaxcreditsalreadyredeemed
50andanywithholdingtaxesalreadyretained.
51 [8.]7.Thedepartmentmayrequirerepaymentofallbenefitsawarded,increasedby
52anadditionalamountthatshallprovidethestateareasonablerateofreturn,toanyqualified
53companyundersections620.800to620.809thatfailstomaintaintheneworretainedjobs
54withinfiveyearsofapprovalofthebenefitsorthatleavesthestatewithinfiveyearsof
55approvalofthebenefits.
56 [9.]8.Thedepartmentshallbeauthorizedtocontractwithotherentities,including
57businesses,industries,otherstateagencies,andpoliticalsubdivisionsofthestateforthe
58purposeofimplementingatrainingprojectorprovidingrecruitmentservicesunderthe
59provisionsofsections620.800to620.809.
620.806.1.Thereisherebycreatedinthestatetreasuryafundtobeknownasthe
2"MissouriOneStartJobDevelopmentFund",thatshallbeadministeredbythedepartmentfor
3thepurposesoftheMissourionestartprogram.Thefundshallconsistofallmoneyswhich
4maybeappropriatedtoitbythegeneralassemblyandalsoanygifts,contributions,grants,or
5bequestsreceivedfromfederal,privateorothersources,including,butnotlimitedto,any
6blockgrantorothersourcesoffundingrelatingtojobtraining,school-to-worktransition,
7welfarereform,vocationalandtechnicaltraining,housing,infrastructure,development,and
8humanresourceinvestmentprogramswhichmaybeprovidedbythefederalgovernmentor
9othersources.Thestatetreasurershallbecustodianofthefundandmayapprove
10disbursementsfromthefundinaccordancewithsections30.170and30.180.
11Notwithstandingtheprovisionsofsection33.080tothecontrary,anymoneysremainingin
12thefundattheendofthebienniumshallnotreverttothecreditofthegeneralrevenuefund.
13Thestatetreasurershallinvestmoneysinthefundinthesamemannerasotherfundsare
14invested.Anyinterestandmoneysearnedonsuchinvestmentsshallbecreditedtothefund.
15 2.Thedepartmentmayprovidefinancialassistancefortrainingprojectsthroughthe
16[training] MissourionestartprogramfromtheMissourionestartjobdevelopmentfund
17toqualifiedcompaniesthatcreatenewjobswhichwillresultintheneedfortraining,orthat
18makenewcapitalinvestmentrelatingdirectlytotheretentionofjobsinanamountatleast
19fivetimesgreaterthantheamountofanyfinancialassistance.Financialassistancemayalso
20beprovidedtoaconsortiumofamajorityofqualifiedcompaniesorganizedtoprovide
21commontrainingtotheconsortiummembers'employees.
22 3.FundsintheMissourionestartjobdevelopmentfundshallbeappropriated,for
23recruitmentservicesandtoprovidefinancialassistancefortrainingprojectsthroughthe
24[training] Missourionestartprogram,bythegeneralassemblytothedepartment[and].
25Recruitmentservicesshallbeadministeredbythedepartment.Financialassistancefor
26trainingprojectsshallbeadministeredbyalocaleducationagencycertifiedbythe
HCSHB2418 8 27departmentforsuchpurpose.[Exceptforstate-sponsoredpreemploymenttraining,no
28qualifiedcompanyshallreceivemorethanfiftypercentofitstrainingprogramcostsfromthe
29Missourionestartjobdevelopmentfund.] Nofundsshallbeawardedorreimbursedtoany
30qualifiedcompanyforthetraining,retraining,orupgradingofskillsofpotentialemployees
31withthepurposeofreplacingorsupplantingemployeesengagedinanauthorizedwork
32stoppage.Uponapprovalbythedepartment,trainingprojectcosts,exceptthepurchaseof
33trainingequipmentandtrainingfacilities,shallbeeligibleforreimbursementwithfundsfrom
34theMissourionestartjobdevelopmentfund.Notwithstandinganyprovisionoflawtothe
35contrary,noqualifiedcompanywithinaserviceindustryshallbeeligiblefortraining
36assistanceunderthissubsectionunlesssuchqualifiedcompanyprovidesservicesininterstate
37commerce,whichshallmeanthatthequalifiedcompanyderivesamajorityofitsannual
38revenuesfromoutofthestate.
39 [3.]4.Uponappropriation,alocaleducationagencymaypetitionthedepartmentto
40utilizetheMissourionestartjobdevelopmentfundinordertocreateorimprovetraining
41facilities,trainingequipment,trainingstaff,trainingexpertise,trainingprogramming,and
42administration.Thedepartmentshallreviewallpetitionsandmayawardfundsfromthe
43Missourionestartjobdevelopmentfundforreimbursementoftrainingprojectcostsand
44trainingprojectservicesasitdeemsnecessary.
45 [4.]5.Thedepartmentmaypromulgaterulestoimplementtheprovisionsofthis
46section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
47createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies
48withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.
49Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe
50generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto
51disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof
52rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2019,shallbeinvalid
53andvoid.
620.809.1.Thereisherebyestablishedinthestatetreasuryafundtobeknownasthe
2"MissouriOneStartCommunityCollegeNewJobsTrainingFund",thatshallbeadministered
3bythedepartmentfor[the]trainingprojectsintheMissourionestartprogram.Through
4June30,2023,thedepartmentofrevenueshallcredittothefund,asreceived,allnewjobs
5credits.[ForexistingMissouribusinessescreatingnewjobs,thetrainingprojectmayinclude
6retainedjobs.] Thefundshallalsoconsistofanygifts,contributions,grants,orbequests
7receivedfromfederal,private,orothersources.Thegeneralassembly,however,shallnot
8provideforanytransferofgeneralrevenuefundsintothefund.Moneysinthefundshallbe
9disbursedtothedepartmentunderregularappropriationsbythegeneralassembly.[The
10departmentshallhavethediscretiontodeterminetheappropriateamountoffundstoallocate
HCSHB2418 9 11pertrainingproject.] ThroughJune30,2023,thedepartmentshalldisbursesuch
12appropriatedfundsinatimelymannerintothespecialfundsestablishedbycommunity
13collegedistrictsfortrainingprojects,whichfundsshallbeusedtopaytrainingprojectcosts.
14Suchdisbursementsshallbemadetothespecialfundforeachtrainingprojectasprovided
15undersubsection[5]6ofthissection.Allmoneysremaininginthefundattheendofany
16fiscalyearshallnotlapsetothegeneralrevenuefund,asprovidedinsection33.080,butshall
17remaininthefund.AnyunobligatedfundsintheMissourionestartcommunitycollege
18newjobstrainingfundonJuly1,2023,shallbetransferredtotheMissourionestart
19communitycollegetrainingfundauthorizedundersubsection3ofthissection.
20 2.Thereisherebycreatedinthestatetreasuryafundtobeknownasthe"Missouri
21OneStartCommunityCollegeJobRetentionTrainingFund",thatshallbeadministeredby
22thedepartmentfortheMissourionestartprogram.ThroughJune30,2023,thedepartment
23ofrevenueshallcredittothefund,asreceived,allretainedjobscredits.[Forexisting
24Missouribusinessesretainingjobs,thetrainingprojectmayincludenewjobs.] Thefundshall
25alsoconsistofanygifts,contributions,grants,orbequestsreceivedfromfederal,private,or
26othersources.Thegeneralassembly,however,shallnotprovideforanytransferofgeneral
27revenuefundsintothefund.Moneysinthefundshallbedisbursedtothedepartmentunder
28regularappropriationsbythegeneralassembly.[Thedepartmentshallhavethediscretionto
29determinetheappropriateamountoffundstoallocatepertrainingproject.] ThroughJune
3030,2023,thedepartmentshalldisbursesuchappropriatedfundsinatimelymannerintothe
31specialfundsestablishedbycommunitycollegedistrictsforprojects,whichfundsshallbe
32usedtopaytraining[program] projectcosts[, includingtheprincipal,premium,andinterest
33oncertificatesissuedbythedistricttofinanceorrefinance,inwholeorinpart,aproject].
34Suchdisbursementsbythedepartmentshallbemadetothespecialfundforeachprojectas
35providedundersubsection[5]6ofthissection.Allmoneysremaininginthefundattheend
36ofanyfiscalyearshallnotlapsetothegeneralrevenuefund,asprovidedinsection33.080,
37butshallremaininthefund.AllunobligatedfundsintheMissourionestartcommunity
38collegejobretentiontrainingfundonJuly1,2023,shallbetransferredtotheMissouri
39onestartcommunitycollegetrainingfundauthorizedundersubsection3ofthissection.
40 3.Thereisherebycreatedinthestatetreasurythe"MissouriOneStart
41CommunityCollegeTrainingFund",whichshallbeadministeredbythedepartmentfor
42trainingprojectsintheMissourionestartprogram.BeginningJuly1,2023,the
43departmentofrevenueshallcredittothefund,asreceived,allnewandretainedjobs
44credits.Thefundshallalsoconsistofanygifts,contributions,grants,orbequests
45receivedfromfederal,private,orothersources.However,thegeneralassemblyshall
46notauthorizeanytransferofgeneralrevenuefundsintothefund.BeginningJuly1,
472023,thedepartmentshalldisbursemoneysinthefundunderregularappropriations
HCSHB2418 10 48bythegeneralassembly.Thedepartmentshalldisbursesuchappropriatedfundsina
49timelymannerintothespecialfundsestablishedbycommunitycollegedistrictsfor
50trainingprojects,whichfundsshallbeusedtopaytrainingprojectcosts.Such
51disbursementsshallbemadetothespecialfundforeachtrainingprojectasprovided
52undersubsection6ofthissection.Allmoneysremaininginthefundattheendofany
53fiscalyearshallnotlapsetothegeneralrevenuefund,asprovidedinsection33.080,but
54shallremaininthefund.
55 [3.]4.Thedepartmentofrevenueshalldevelopsuchformsasarenecessaryto
56demonstrateaccuratelyeachqualifiedcompany'snewjobscreditpaidthroughJune30,
572023,intotheMissourionestartcommunitycollegenewjobstrainingfundorretainedjobs
58creditpaidthroughJune30,2023,intotheMissourionestartcommunitycollegejob
59retentiontrainingfund.Thedepartmentofrevenueshalldevelopsuchformsasare
60necessarytodemonstrateaccuratelyeachqualifiedcompany'sneworretainedjobs
61credit,orboth,whicheverisapplicable,paidbeginningJuly1,2023,intotheMissouri
62onestartcommunitycollegetrainingfund.Theneworretainedjobscredits, orboth,
63whicheverisapplicable,shallbeaccountedasseparatefromthenormalwithholdingtaxpaid
64tothedepartmentofrevenuebythequalifiedcompany.ThroughJune30,2023,
65reimbursementsmadebyallqualifiedcompaniestotheMissourionestartcommunitycollege
66newjobstrainingfundandtheMissourionestartcommunitycollegejobretentiontraining
67fundshallbenolessthanallallocationsmadebythedepartmenttoallcommunitycollege
68districtsforallprojects.BeginningJuly1,2023,reimbursementsmadebyallqualified
69companiestotheMissourionestartcommunitycollegetrainingfundshallbenoless
70thanallallocationsmadebythedepartmenttoallcommunitycollegedistrictsforall
71projects.Thequalifiedcompanyshallremittheamountoftheneworretainedjobscredit,as
72orboth,whicheverisapplicable,tothedepartmentofrevenueinthesamemanneras
73providedinsections143.191to143.265.Aqualifiedcompany’strainingprojectmay
74includebothnewjobsandretainedjobs.
75 [4.]5.Acommunitycollegedistrict,withtheapprovalofthedepartmentin
76consultationwiththeofficeofadministration,mayenterintoanagreementtoestablisha
77trainingprojectandprovidetrainingprojectservicestoaqualifiedcompany.The
78departmentshallhavethediscretiontodeterminetheappropriateamountoffundsto
79allocatepertrainingproject.Assoonaspossibleafterinitialcontactbetweenacommunity
80collegedistrictandapotentialqualifiedcompanyregardingthepossibilityofenteringintoan
81agreement,thecommunitycollegedistrictshallinformthedepartmentofthepotential
82trainingproject.Thedepartmentshallevaluatetheproposedtrainingprojectwithinthe
83overalljobtrainingeffortsofthestatetoensurethatthetrainingprojectwillnotduplicate
84otherjobtrainingprograms.Thedepartmentshallhavefourteendaysfromreceiptofanotice
HCSHB2418 11 85ofintenttoapproveordisapproveatrainingproject.Ifnoresponseisreceivedbythe
86qualifiedcompanywithinfourteendays,thetrainingprojectshallbedeemedapproved.
87Disapprovalofanytrainingprojectshallbemadeinwritingandstatethereasonsforsuch
88disapproval.Ifanagreementisenteredinto,thedistrictandthequalifiedcompanyshall
89notifythedepartmentofrevenuewithinfifteencalendardays.Inadditiontoanyprovisions
90requiredundersubsection[6]7ofthissectionforaqualifiedcompanyapplyingtoreceivea
91neworretainedjobcredit,orboth,whicheverisapplicable,anagreementmayprovide,but
92shallnotbelimitedto:
93 (1)Paymentoftrainingprojectcosts,whichmaybepaidfromoneoracombination
94ofthefollowingsources:
95 (a)ThroughJune30,2023,fundsappropriatedbythegeneralassemblytothe
96MissourionestartcommunitycollegenewjobstrainingprogramfundorMissourionestart
97communitycollegejobretentiontrainingprogramfund,asapplicable,anddisbursedbythe
98departmentforthepurposesconsistentwithsections620.800to620.809;
99 (b)BeginningJuly1,2023,fundsappropriatedbythegeneralassemblytothe
100Missourionestartcommunitycollegejobstrainingprogramfundanddisbursedbythe
101departmentforthepurposesconsistentwithsections620.800to620.809;
102 [(b)](c)Fundsappropriatedbythegeneralassemblyfromthegeneralrevenuefund
103anddisbursedbythedepartmentforthepurposesconsistentwithsections620.800to
104620.809;
105 [(c)](d)Tuition,studentfees,orspecialchargesfixedbytheboardoftrusteesto
106defraytrainingprojectcostsinwholeorinpart;
107 (2)Paymentoftrainingprojectcostswhichshallnotbedeferredforaperiodlonger
108thaneightyears;
109 (3)Costsofon-the-jobtrainingforemployeeswhichshallincludewagesorsalaries
110ofparticipatingemployees.Paymentsforon-the-jobtrainingshallnotexceedtheaverageof
111fiftypercentofthetotalwagespaidbythequalifiedcompanytoeachparticipantduringthe
112periodoftraining.Paymentforon-the-jobtrainingmaycontinueforuptosixmonthsfrom
113thedatethetrainingbegins;
114 (4)Aprovisionwhichfixestheminimumamountofneworretainedjobscredits,or
115both,whicheverisapplicable,generalrevenuefundappropriations,ortuitionandfee
116paymentswhichshallbepaidfortrainingprojectcosts;and
117 (5)Anypaymentrequiredtobemadebyaqualifiedcompany.Thispaymentshall
118constitutealienuponthequalifiedcompany'sbusinesspropertyuntilpaid,shallhaveequal
119prioritywithordinarytaxesandshallnotbedivestedbyajudicialsale.Propertysubjectto
120suchlienmaybesoldforsumsdueanddelinquentatataxsale,withthesameforfeitures,
HCSHB2418 12 121penalties,andconsequencesasforthenonpaymentofordinarytaxes.Thepurchasersatatax
122saleshallobtainthepropertysubjecttotheremainingpayments.
123 [5.]6.(1)Forprojectsthatarefundedexclusivelyunderparagraph(a)or(b)of
124subdivision(1)ofsubsection[4]5ofthissection,thedepartmentshalldisbursesuchfundsto
125thespecialfundforeachtrainingprojectinthesameproportionasthenewjobsorretained
126jobscreditsremittedbythequalifiedcompanyparticipatinginsuchprojectbearstothetotal
127newjobsorretainedjobscreditsfromwithholdingremittedbyallqualifiedcompanies
128participatinginprojectsduringtheperiodforwhichthedisbursementismade.
129 (2)Subjecttoappropriation,forprojectsthatarefundedthroughacombinationof
130fundsunderparagraphs(a)[and],(b),and(c)ofsubdivision(1)ofsubsection[4]5ofthis
131section,thedepartmentshalldisbursefundsappropriatedunderparagraph[(b)](c)of
132subdivision(1)ofsubsection[4]5ofthissectiontothespecialfundforeachtrainingproject
133uponcommencementoftheproject.Thedepartmentshalldisbursefundsappropriatedunder
134paragraph(a)or(b)ofsubdivision(1)ofsubsection[4]5ofthissectiontothespecialfund
135foreachtrainingprojectinthesameproportionasthenewjobsorretainedjobscredits
136remittedbythequalifiedcompanyparticipatinginsuchprojectbearstothetotalnewjobsor
137retainedjobscreditsfromwithholdingremittedbyallqualifiedcompaniesparticipatingin
138projectsduringtheperiodforwhichthedisbursementismade,reducedbytheamountof
139fundsappropriatedunderparagraph[(b)](c)ofsubdivision(1)ofsubsection[4]5ofthis
140section.
141 [6.]7.Anyqualifiedcompanythatsubmitsanoticeofintentforretainedjobcredits
142shallenterintoanagreement,providingthatthequalifiedcompanyhas:
143 (1)Maintainedatleastonehundredfull-timeemployeesperyearattheproject
144facilityforthecalendaryearprecedingtheyearinwhichtheapplicationismade;and
145 (2)Madeoragreestomakeanewcapitalinvestmentofgreaterthanfivetimesthe
146amountofanyawardunder[thistraining] theMissourionestartprogramattheproject
147facilityoveraperiodoftwoconsecutiveyears,ascertifiedbythequalifiedcompanyand:
148 (a)Hasmadesubstantialinvestmentinnewtechnologyrequiringtheupgradingof
149employeeskills;or
150 (b)Islocatedinabordercountyofthestateandrepresentsapotentialriskof
151relocationfromthestate;or
152 (c)Hasbeendeterminedtorepresentasubstantialriskofrelocationfromthestateby
153thedirectorofthedepartmentofeconomicdevelopment.
154 [7.]8.Ifanagreementprovidesthatallorpartofthetraining[program] projectcosts
155aretobemetbyreceiptofneworretainedjobscredit,orboth,whicheverisapplicable,
156suchneworretainedjobscreditfromwithholdingshallbedeterminedandpaidasfollows:
HCSHB2418 13 157 (1)Neworretainedjobscreditshallbebaseduponthewagespaidtotheemployees
158intheneworretainedjobs;
159 (2)Aportionofthetotalpaymentsmadebythequalifiedcompaniesundersections
160143.191to143.265shallbedesignatedastheneworretainedjobscredit, orboth,whichever
161isapplicable,fromwithholding.Suchportionshallbeanamountequaltotwoandone-half
162percentofthegrosswagespaidbythequalifiedcompanyforeachofthefirstonehundred
163jobsincludedintheprojectandoneandone-halfpercentofthegrosswagespaidbythe
164qualifiedcompanyforeachoftheremainingjobsincludedintheproject.Ifbusinessor
165employmentconditionscausetheamountoftheneworretainedjobscredit, orboth,
166whicheverisapplicable,fromwithholdingtobelessthantheamountprojectedinthe
167agreementforanytimeperiod,thenotherwithholdingtaxpaidbythequalifiedcompany
168undersections143.191to143.265shallbecreditedtotheapplicablefundbytheamountof
169suchdifference.Thequalifiedcompanyshallremittheamountoftheneworretainedjobs
170credit, orboth,whicheverisapplicable,tothedepartmentofrevenueinthemanner
171prescribedinsections143.191to143.265.Whenalltraining[program] projectcostshave
172beenpaid,theneworretainedjobscredits, orboth,whicheverisapplicable,shallcease;
173 (3)Thecommunitycollegedistrictparticipatinginaprojectshallestablishaspecial
174fundforandinthenameofthetrainingproject.Allfundsappropriatedbythegeneral
175assemblyfromthefundsestablishedunder[subsections1and2of]thissectionanddisbursed
176bythedepartmentforthetrainingprojectandotheramountsreceivedbythedistrictfor
177trainingprojectcostsasrequiredbytheagreementshallbedepositedinthespecialfund.
178Amountsheldinthespecialfundshallbeusedanddisbursedbythedistrictonlytopay
179trainingprojectcostsforsuchtrainingproject.Thespecialfundmaybedividedintosuch
180accountsandsubaccountsasshallbeprovidedintheagreement,andamountsheldtherein
181maybeinvestedinthesamemannerasthedistrict'sotherfunds;
182 (4)Anydisbursementfortrainingprojectcostsreceivedfromthedepartmentunder
183sections620.800to620.809anddepositedintothetrainingproject'sspecialfundmaybe
184irrevocablypledgedbyacommunitycollegedistrictforthepaymentoftheprincipal,
185premium,andinterestonthecertificateissuedbyacommunitycollegedistricttofinanceor
186refinance,inwholeorinpart,suchtrainingproject;
187 (5)Thequalifiedcompanyshallcertifytothedepartmentofrevenuethatthenewor
188retainedjobscredit, orboth,whicheverisapplicable,isinaccordancewithanagreement
189andshallprovideotherinformationthedepartmentofrevenuemayrequire;
190 (6)Anemployeeparticipatinginatrainingprojectshallreceivefullcreditunder
191section143.211fortheamountdesignatedasaneworretainedjobscredit;
192 (7)Ifanagreementprovidesthatallorpartoftraining[program] projectcostsareto
193bemetbyreceiptofneworretainedjobscredit,orboth,whicheverisapplicable,the
HCSHB2418 14 194provisionsofthissubsectionshallalsoapplytoanysuccessortotheoriginalqualified
195companyuntiltheprincipalandinterestonthecertificateshavebeenpaid.
196 [8.]9.Toprovidefundsforthepresentpaymentofthetrainingprojectcosts[ofnew
197orretainedjobstrainingproject] throughthe[training] Missourionestartprogramas
198providedinthissection, acommunitycollegedistrictmayborrowmoneyandissueandsell
199certificatespayablefromasufficientportionofthefuturereceiptsofpaymentsauthorizedby
200theagreementincludingdisbursementsfromthe[Missourionestartcommunitycollegenew
201jobstrainingfundortheMissourionestartcommunitycollegejobretentiontrainingfund]
202fundsestablishedunderthissection, tothespecialfundestablishedbythecommunity
203collegedistrictforeachtrainingproject.Thetotalamountofoutstandingcertificatessoldby
204allcommunitycollegedistrictsshallnotexceedthetotalamountauthorizedunderlawasof
205January1,2013[, unlessanincreasedamountisauthorizedinwritingbyamajorityof
206membersofthecommittee]. Thecertificatesshallbemarketedthroughfinancialinstitutions
207authorizedtodobusinessinMissouri.Thereceiptsshallbepledgedtothepaymentof
208principalofandinterestonthecertificates.Certificatesmaybesoldatpublicsaleorat
209privatesaleatpar,premium,ordiscountofnotlessthanninety-fivepercentoftheparvalue
210thereof,atthediscretionoftheboardoftrustees,andmaybearinterestatsuchrateorratesas
211theboardoftrusteesshalldetermine,notwithstandingtheprovisionsofsection108.170tothe
212contrary.However,theprovisionsofchapter176shallnotapplytotheissuanceofsuch
213certificates.Certificatesmaybeissuedwithrespecttoasingletrainingprojectormultiple
214trainingprojectsandmaycontaintermsorconditionsastheboardoftrusteesmayprovideby
215resolutionauthorizingtheissuanceofthecertificates.
216 [9.]10.Certificatesissuedtorefundothercertificatesmaybesoldatpublicsaleorat
217privatesaleasprovidedinthissection,withtheproceedsfromthesaletobeusedforthe
218paymentofthecertificatesbeingrefunded.Therefundingcertificatesmaybeexchangedin
219paymentanddischargeofthecertificatesbeingrefunded,ininstallmentsatdifferenttimesor
220anentireissueorseriesatonetime.Refundingcertificatesmaybesoldorexchangedatany
221timeon,before,orafterthematurityoftheoutstandingcertificatestoberefunded.Theymay
222beissuedforthepurposeofrefundingalike,greater,orlesserprincipalamountofcertificates
223andmaybeararateofinterestthatishigher,lower,orequivalenttothatofthecertificates
224beingrenewedorrefunded.
225 [10.]11.Beforecertificatesareissued,theboardoftrusteesshallpublishoncea
226noticeofitsintentiontoissuethecertificates,statingtheamount,thepurpose,andtheproject
227orprojectsforwhichthecertificatesaretobeissued.Apersonwithstandingmay,within
228fifteendaysafterthepublicationofthenotice,byactioninthecircuitcourtofacountyinthe
229district,appealthedecisionoftheboardoftrusteestoissuethecertificates.Theactionofthe
230boardoftrusteesindeterminingtoissuethecertificatesshallbefinalandconclusiveunless
HCSHB2418 15 231thecircuitcourtfindsthattheboardoftrusteeshasexceededitslegalauthority.Anaction
232shallnotbebroughtwhichquestionsthelegalityofthecertificates,thepoweroftheboardof
233trusteestoissuethecertificates,theeffectivenessofanyproceedingsrelatingtothe
234authorizationoftheproject,ortheauthorizationandissuanceofthecertificatesfromandafter
235fifteendaysfromthepublicationofthenoticeofintentiontoissue.
236 [11.]12.Theboardoftrusteesshallmakeafindingbasedoninformationsuppliedby
237thequalifiedcompanythatrevenuesprovidedintheagreementaresufficienttosecurethe
238faithfulperformanceofobligationsintheagreement.
239 [12.]13.Certificatesissuedunderthissectionshallnotbedeemedtobean
240indebtednessofthestate,thecommunitycollegedistrict,oranyotherpoliticalsubdivisionof
241thestate,andtheprincipalandinterestonanycertificatesshallbepayableonlyfromthe
242sourcesprovidedinsubdivision(1)ofsubsection[4]5ofthissectionwhicharepledgedin
243theagreement.
244 [13.]14.Pursuanttosection23.253oftheMissourisunsetact:
245 (1)Theprogramauthorizedundersections620.800to620.809shallbereauthorized
246asofAugust28,2018,andshallexpireonAugust28,2030;and
247 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections620.800to
248620.809shallautomaticallysunsettwelveyearsaftertheeffectivedateofthereauthorization
249ofsections620.800to620.809;and
250 (3)Sections620.800to620.809shallterminateonSeptemberfirstofthecalendar
251yearimmediatelyfollowingthecalendaryearinwhichaprogramauthorizedundersections
252620.800to620.809issunset.
253 [14.]15.Anyagreementorobligationenteredintobythedepartmentthatwasmade
254undertheprovisionsofsections620.800to620.809priortoAugust28,2019,shallremainin
255effectaccordingtotheprovisionsofsuchagreementorobligation.
620.2475.1.Asusedinthissection,thefollowingtermsshallmean:
2 (1)"Aerospaceproject",aprojectundertakenbyorforthebenefitofaqualified
3companywithaNorthAmericanIndustryClassificationSystemindustryclassificationof
43364involvingthecreationofatleasttwothousandnewjobswithintenyearsfollowingthe
5approvalofanoticeofintentpursuanttosection620.2020andforwhichthedepartmentof
6economicdevelopmenthasprovidedaproposalforbenefitsunderjobcreation,worker
7training,andinfrastructuredevelopmentprogramsonorbeforeJune10,2014;
8 (2)"Jobcreation,workertraining,andinfrastructuredevelopmentprograms",the
9Missouriworksprogramestablishedundersections620.2000to620.2020,theMissouri
10businessuseincentivesforlarge-scaledevelopmentactestablishedundersections100.700to
11100.850,theMissourionestarttrainingprogramestablishedundersections620.800to
HCSHB2418 16 12620.809,andtherealpropertytaxincrementallocationredevelopmentactestablishedunder
13sections99.800to99.865.
14 2.Provisionsoflawtothecontrarynotwithstanding,nobenefitsauthorizedunderjob
15creation,workertraining,andinfrastructuredevelopmentprogramsforanaerospaceproject
16shallbeconsideredindeterminingcompliancewithapplicablelimitationsontheaggregate
17amountofbenefitsthatmaybeawardedannuallyorcumulativelyundersubdivision(3)of
18subsection10ofsection99.845,subsection5ofsection100.850,subsection[8]9ofsection
19620.809,andsubsection7ofsection620.2020.Noaerospaceprojectshallbeauthorizedfor
20statebenefitsunderjobcreation,workertraining,andinfrastructuredevelopmentprograms
21thatexceed,intheaggregate,onehundredfiftymilliondollarsannuallyunderallsuch
22programs.
23 3.Foranyaerospaceprojectreceivingstatebenefitsunderthissection,the
24departmentofeconomicdevelopmentshalldelivertothegeneralassemblyanannualreport
25providingdetailedinformationonthestatebenefitsreceivedandprojectedtobereceivedby
26theaerospaceprojectandshallalsodenotethenumberofminoritiesthathavebeentrained
27undertheMissourionestarttrainingprogramestablishedundersections620.800to620.809.
28 4.Anyaerospaceprojectreceivingbenefitsunderthissectionshallannuallyreportto
29thegeneralassemblyandthedepartmentofeconomicdevelopmentitsminorityandwomen
30employmentoutreachefforts.
31 5.Foraerospaceprojectsreceivingbenefitsunderthissection,innoeventshall
32disbursementsofnewstaterevenuesundersections99.800to99.865bemadetosatisfybond
33obligationsincurredforimprovementsthatdonotdirectlybenefitsuchproject.
34 6.Foraerospaceprojectsreceivingbenefitsunderthissection,inthetenthyear
35followingtheapprovalofanoticeofintentundersections620.2000to620.2020,the
36departmentofeconomicdevelopmentshalldeterminethenetfiscalbenefittothestate
37resultingfromsuchprojectandshalltakeanyactionnecessarytoensureapositivenetfiscal
38benefittothestatebynolaterthanthelastyearinwhichtheaerospaceprojectreceives
39benefitsunderthissection.
✔
HCSHB2418 17