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Missouri House Bill HB2418

Missouri 2022 Regular Session

Missouri House Bill HB2418 Compare Versions

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11 SECONDREGULARSESSION
2-HOUSECOMMITTEESUBSTITUTEFOR
32 HOUSEBILLNO.2418
43 101STGENERALASSEMBLY
5-4599H.03C DANARADEMANMILLER,ChiefClerk
4+INTRODUCEDBYREPRESENTATIVEGRIER.
5+4599H.01I DANARADEMANMILLER,ChiefClerk
66 ANACT
77 Torepealsections620.800,620.803,620.806,620.809,and620.2475,RSMo,andtoenactin
88 lieuthereoffivenewsectionsrelatingtotheMissourionestartprogram.
99 BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
1010 SectionA.Sections620.800,620.803,620.806,620.809,and620.2475,RSMo,are
1111 2repealedandfivenewsectionsenactedinlieuthereof,tobeknownassections620.800,
1212 3620.803,620.806,620.809,and620.2475,toreadasfollows:
1313 620.800.Thefollowingadditionaltermsusedinsections620.800to620.809shall
1414 2mean:
1515 3 (1)"Agreement",theagreementbetweenaqualifiedcompany,acommunitycollege
1616 4district,andthedepartmentconcerningatrainingproject.Anysuchagreementshallcomply
1717 5withtheprovisionsofsection620.017;
1818 6 (2)"Application",aformdevelopedbyandsubmittedtothedepartmentbya
1919 7localeducationagencyonbehalfofaqualifiedcompanyapplyingforbenefitsunder
2020 8section620.806;
2121 9 [(2)](3)"Boardoftrustees",theboardoftrusteesofacommunitycollegedistrict
2222 10establishedundertheprovisionsofchapter178;
2323 11 [(3)"Certificate",aneworretainedjobstrainingcertificateissuedundersection
2424 12620.809;]
2525 13 (4)"Committee",theMissourionestartjobtrainingjointlegislativeoversight
2626 14committee,establishedundertheprovisionsofsection620.803;
2727 15 (5)"Department",theMissouridepartmentofeconomicdevelopment;
2828 16 (6)"Employee",apersonemployedbyaqualifiedcompany;
2929 EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
3030 intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 17 [(7)"ExistingMissouribusiness",aqualifiedcompanythat,fortheten-yearperiod
3131 18precedingsubmissionofanoticeofintenttothedepartment,hadaphysicallocationin
3232 19Missouriandfull-timeemployeeswhoroutinelyperformedjobdutieswithinMissouri;
3333 20 (8)](7)"Full-timeemployee",anemployeeofthequalifiedcompanywhois
3434 21scheduledtoworkanaverageofatleastthirty-fivehoursperweekforatwelve-monthperiod,
3535 22andonetowhomthequalifiedcompanyoffershealthinsuranceandpaysatleastfiftypercent
3636 23ofsuchinsurancepremiums;
3737 24 [(9)](8)"Localeducationagency",acommunitycollegedistrict,two-yearstate
3838 25technicalcollege,ortechnicalcareereducationcenter;
3939 26 [(10)] (9)"Missourionestartprogram",the[training] programestablishedunder
4040 27sections620.800to620.809;
4141 28 [(11)](10)"Newcapitalinvestment",costsincurredbythequalifiedcompanyatthe
4242 29projectfacilityforrealorpersonalproperty,thatmayincludethevalueoffinanceorcapital
4343 30leasesforrealorpersonalpropertyforthetermofsuchleaseattheprojectfacilityexecuted
4444 31afteracceptancebythequalifiedcompanyoftheproposalforbenefitsfromthedepartmentor
4545 32approvaloftheapplicationornoticeofintent;
4646 33 [(12)] (11)"Newjob",thenumberoffull-timeemployeeslocatedattheproject
4747 34facilitythatexceedstheprojectfacilitybaseemploymentlessanydecreaseinthenumberof
4848 35full-timeemployeesatrelatedfacilitiesbelowtherelatedfacilitybaseemployment.Nojob
4949 36thatwascreatedpriortothedateoftheapplicationornoticeofintentshallbedeemedanew
5050 37job.Anemployeewhospendslessthanfiftypercentofhisorherworktimeatthefacilityis
5151 38stillconsideredtobelocatedatafacilityifheorshereceiveshisorherdirectionsandcontrol
5252 39fromthatfacility,ifheorsheisonthefacility'spayroll,andifonehundredpercentofthe
53-40employee'sincomefromsuchemploymentisMissouriincome,andtheemployeeispaidator
54-41abovetheapplicablepercentageofthecounty'saveragewage;
53+40employee'sincomefromsuchemploymentisMissouriincome[, andtheemployeeispaidat
54+41orabovetheapplicablepercentageofthecounty'saveragewage];
5555 42 [(13)] (12)"Newjobscredit",thecreditfromwithholdingremittedbyaqualified
5656 43companyprovidedundersubsection[7]8ofsection620.809;
5757 44 [(14)] (13)"Noticeofintent",aformdevelopedbyandsubmittedtothedepartment
5858 45thatstatesthequalifiedcompany'sintenttorequestbenefitsunder[thisprogram] section
5959 46620.809;
6060 47 [(15)] (14)"Projectfacility",thebuildingorbuildingsusedbyaqualifiedcompanyat
6161 48whichneworretainedjobsandanynewcapitalinvestmentareorwillbelocated.Aproject
6262 49facilitymayincludeseparatebuildingslocatedwithinsixtymilesofeachothersuchthattheir
6363 50purposeandoperationsareinterrelated[, providedthat,ifthebuildingsmakinguptheproject
6464 51facilityarenotlocatedwithinthesamecounty,theaveragewageofthenewpayrollmust
6565 52exceedtheapplicablepercentageofthehighestcountyaveragewageamongthecountiesin
6666 53whichthebuildingsarelocated]. Uponapprovalbythedepartment,asubsequentproject
67-HCSHB2418 2 54facilitymaybedesignatedifthequalifiedcompanydemonstratesaneedtorelocatetothe
67+HB2418 2 54facilitymaybedesignatedifthequalifiedcompanydemonstratesaneedtorelocatetothe
6868 55subsequentprojectfacilityatanytimeduringtheprojectperiod;
6969 56 [(16)] (15)"Projectfacilitybaseemployment",thegreaterofthenumberoffull-time
7070 57employeeslocatedattheprojectfacilityonthedateoftheapplicationornoticeofintentor,
7171 58forthetwelve-monthperiodpriortothedateoftheapplicationornoticeofintent,the
7272 59averagenumberoffull-timeemployeeslocatedattheprojectfacility.Intheeventtheproject
7373 60facilityhasnotbeeninoperationforafulltwelve-monthperiod,theaveragenumberoffull-
7474 61timeemployeesforthenumberofmonthstheprojectfacilityhasbeeninoperationpriorto
7575 62thedateoftheapplicationornoticeofintent;
7676 63 [(17)] (16)"Qualifiedcompany",afirm,partnership,jointventure,association,
7777 64privateorpubliccorporationwhetherorganizedforprofitornot,orheadquartersofsuch
7878 65entityregisteredtodobusinessinMissourithatistheowneroroperatorofaprojectfacility,
7979 66offershealthinsurancetoallfull-timeemployeesofallfacilitieslocatedinthisstate,andpays
8080 67atleastfiftypercentofsuchinsurancepremiums.Forthepurposesofsections620.800to
8181 68620.809,theterm"qualifiedcompany"shallnotmean:
8282 69 (a)Gamblingestablishments(NAICSindustrygroup7132);
8383 70 (b)Retailtradeestablishments(NAICSsectors44and45)thathaveconsumer-
8484 71basedstorefronts,exceptwithrespecttoanycompanyheadquarteredinthisstatewitha
8585 72majorityofitsfull-timeemployeesengagedinoperationsnotwithintheNAICScodes
8686 73specifiedinthissubdivision;
8787 74 (c)Foodservicesanddrinkingplaces(NAICSsubsector722);
8888 75 (d)Publicutilities(NAICS221includingwaterandsewerservices);
8989 76 (e)Anycompanythatisdelinquentinthepaymentofanynonprotestedtaxesorany
9090 77otheramountsduethestateorfederalgovernmentoranyotherpoliticalsubdivisionofthis
9191 78state;
9292 79 (f)Anycompanyrequestingbenefitsforretainedjobsthathasfiledfororhas
9393 80publiclyannounceditsintentiontofileforbankruptcyprotection.However,acompanythat
9494 81hasfiledfororhaspubliclyannounceditsintentiontofileforbankruptcymaybeaqualified
9595 82companyprovidedthatsuchcompany:
9696 83 a.Certifiestothedepartmentthatitplanstoreorganizeandnottoliquidate;and
9797 84 b.Afteritsbankruptcypetitionhasbeenfiled,itproducesproof,inaformandat
9898 85timessatisfactorytothedepartment,thatitisnotdelinquentinfilinganytaxreturnsor
9999 86makinganypaymentduetothestateofMissouri,includingbutnotlimitedtoalltax
100100 87paymentsdueafterthefilingofthebankruptcypetitionandunderthetermsoftheplanof
101101 88reorganization;
102102 89 (g)Educationalservices(NAICSsector61);
103103 90 (h)Religiousorganizations(NAICSindustrygroup8131);
104-HCSHB2418 3 91 (i)Publicadministration(NAICSsector92);
104+HB2418 3 91 (i)Publicadministration(NAICSsector92);
105105 92 (j)Ethanoldistillationorproduction;or
106106 93 (k)Biodieselproduction.
107107 94
108108 95Notwithstandinganyprovisionofthissectiontothecontrary,theheadquarters,administrative
109109 96offices,orresearchanddevelopmentfacilitiesofanotherwiseexcludedbusinessmayqualify
110110 97forbenefitsiftheofficesorfacilitiesserveamultistateterritory.Intheeventanational,state,
111111 98orregionalheadquartersoperationisnotthepredominantactivityofaprojectfacility,thejobs
112112 99andinvestmentofsuchoperationshallbeconsideredeligibleforbenefitsunderthissectionif
113113 100theotherrequirementsaresatisfied;
114114 101 [(18)] (17)"Recruitmentservices",thepromotionofworkforceopportunitiesin
115115 102Missouri;
116116 103 (18)"Relatedcompany":
117117 104 (a)Acorporation,partnership,trust,orassociationcontrolledbythequalified
118118 105company;
119119 106 (b)Anindividual,corporation,partnership,trust,orassociationincontrolofthe
120120 107qualifiedcompany;or
121121 108 (c)Corporations,partnerships,trusts,orassociationscontrolledbyanindividual,
122122 109corporation,partnership,trust,orassociationincontrolofthequalifiedcompany.Asusedin
123123 110thissubdivision,"controlofacorporation"shallmeanownership,directlyorindirectly,of
124124 111stockpossessingatleastfiftypercentofthetotalcombinedvotingpowerofallclassesof
125125 112stockentitledtovote;"controlofapartnershiporassociation"shallmeanownershipofat
126126 113leastfiftypercentofthecapitalorprofitsinterestinsuchpartnershiporassociation;"control
127127 114ofatrust"shallmeanownership,directlyorindirectly,ofatleastfiftypercentofthe
128128 115beneficialinterestintheprincipalorincomeofsuchtrust;and"ownership"shallbe
129129 116determinedasprovidedinSection318oftheInternalRevenueCodeof1986,asamended;
130130 117 (19)"Relatedfacility",afacilityoperatedbythequalifiedcompanyorarelated
131131 118companylocatedinthisstatethatisdirectlyrelatedtotheoperationsoftheprojectfacilityor
132132 119inwhichoperationssubstantiallysimilartotheoperationsoftheprojectfacilityare
133133 120performed;
134134 121 (20)"Relatedfacilitybaseemployment",thegreaterofthenumberoffull-time
135135 122employeeslocatedatallrelatedfacilitiesonthedateoftheapplicationornoticeofintentor,
136136 123forthetwelve-monthperiodpriortothedateoftheapplicationornoticeofintent,the
137137 124averagenumberoffull-timeemployeeslocatedatallrelatedfacilitiesofthequalified
138138 125companyorarelatedcompanylocatedinthisstate;
139139 126 (21)"Relocationcosts",costspaidbyaqualifiedcompanyforafull-time
140140 127employeewhoisrelocatingtoMissourifromoutofstatetoworkinanewjob.
141-HCSHB2418 4 128"Relocationcosts"shallexcludecostsforresidentsrelocatingfromaKansasborder
141+HB2418 4 128"Relocationcosts"shallexcludecostsforresidentsrelocatingfromaKansasborder
142142 129countytoaMissouribordercounty,asthosetermsaredefinedinsubsection1ofsection
143143 130135.1670,solongassubsection2ofsection135.1670isineffect.Anyreimbursementfor
144144 131relocationcostsshallbelimitedtofiftypercentoftheamountpaidbytheemployerto
145145 132coveractualrelocationexpenses,suchasreasonablemovingandrelatedtravelexpenses.
146146 133Anamountpaidtoaqualifiedcompanyshallnotexceedthreethousandfivehundred
147147 134dollarsperemployeeandshallnotexceedfiftypercentofthetotaltrainingproject
148148 135award;
149149 136 [(21)] (22)"Retainedjobs",theaveragenumberoffull-timeemployeesofaqualified
150150 137companylocatedattheprojectfacilityduringeachmonthforthecalendaryearprecedingthe
151151 138yearinwhichtheapplicationornoticeofintentissubmitted;
152152 139 [(22)] (23)"Retainedjobscredit",thecreditfromwithholdingremittedbyaqualified
153153 140companyprovidedundersubsection[7]8ofsection620.809;
154154 141 [(23)] (24)"Targetedindustry",anindustryoroneofaclusterofindustriesidentified
155155 142bythedepartmentbyrulefollowingastrategicplanningprocessasbeingcriticaltothestate's
156156 143economicsecurityandgrowth;
157157 144 [(24)"Trainingprogram",theMissourionestartprogramestablishedundersections
158158 145620.800to620.809;]
159159 146 (25)"Trainingproject",theprojectorprojectsestablishedthroughtheMissourione
160160 147startprogramforthecreationorretentionofjobsbyprovidingeducationandtrainingof
161161 148workers;
162162 149 (26)"Trainingprojectcosts",mayincludeallnecessaryandincidentalcostsof
163163 150providingprogramservicesthroughthe[training] Missourionestartprogram,suchas:
164164 151 (a)Trainingmaterialsandsupplies;
165165 152 (b)Wagesandbenefitsofinstructors,whomayormaynotbeemployedbythe
166166 153eligibleindustry,andthecostoftrainingsuchinstructors;
167167 154 (c)Subcontractedservices;
168168 155 (d)On-the-jobtraining;
169169 156 (e)Trainingfacilitiesandequipment;
170170 157 (f)Skillassessment;
171171 158 (g)Trainingprojectandcurriculumdevelopment;
172172 159 (h)Traveldirectlytothetrainingproject,includingacoordinatedtransportation
173173 160programfortrainingifthetrainingcanbemoreeffectivelyprovidedoutsidethecommunity
174174 161wherethejobsaretobelocated;
175175 162 (i)Paymentstothird-partytrainingprovidersandtotheeligibleindustry;
176176 163 (j)Teachingandassistanceprovidedbyeducationalinstitutionsinthestateof
177177 164Missouri;
178-HCSHB2418 5 165 (k)In-planttraininganalysis,includingfeesforprofessionalsandnecessarytravel
178+HB2418 5 165 (k)In-planttraininganalysis,includingfeesforprofessionalsandnecessarytravel
179179 166andexpenses;
180180 167 (l)Assessmentandpreselectiontools;
181181 168 (m)Publicity;
182182 169 (n)Instructionalservices;
183183 170 (o)Rentalofinstructionalfacilitieswithnecessaryutilities;[and]
184184 171 (p)Relocationcosts;
185185 172 [(p)](q)Paymentoftheprincipal,premium,andinterestoncertificates,including
186186 173capitalizedinterest,issuedtofinanceaproject,andthefundingandmaintenanceofadebt
187187 174servicereservefundtosecuresuchcertificates;or
188188 175 (r)Costsoftrainingprojectservicesnototherwiseincludedinthisdefinitionof
189189 176"trainingprojectcosts";
190190 177 (27)"Trainingprojectservices",mayinclude,butshallnotbelimitedto,the
191191 178following:
192192 179 (a)Jobtraining,whichmayinclude,butnotbelimitedto,preemploymenttraining,
193193 180analysisofthespecifiedtrainingneedsforaqualifiedcompany,developmentoftraining
194194 181plans,andprovisionoftrainingthroughqualifiedtrainingstaff;
195195 182 (b)Adultbasiceducationandjob-relatedinstruction;
196196 183 (c)Vocationalandskill-assessmentservicesandtesting;
197197 184 (d)Trainingfacilities,equipment,materials,andsupplies;
198198 185 (e)On-the-jobtraining;
199199 186 (f)Administrativeexpensesatareasonableamountdeterminedbythedepartment;
200200 187 (g)Subcontractedserviceswithstateinstitutionsofhighereducation,privatecolleges
201201 188oruniversities,orotherfederal,state,orlocalagencies;
202202 189 (h)Contractedorprofessionalservices;and
203203 190 (i)Issuanceofcertificates,whenapplicable.
204204 620.803.1.Thedepartmentshallestablisha"MissouriOneStartProgram"toassist
205205 2[qualified] companies[inthe]withrecruitmentservices,trainingofemployeesinnewjobs,
206206 3andtheretrainingorupgradingofskillsoffull-timeemployeesinretainedjobsasprovidedin
207207 4sections620.800to620.809.The[training] Missourionestartprogramshallbefunded
208208 5throughappropriationstothefundsestablishedundersections620.806and620.809.The
209209 6departmentshall,tothemaximumextentpracticable,prioritizefundingunderthe[training]
210210 7Missourionestartprogramtoassistqualifiedcompaniesintargetedindustries.
211211 8 2.[Thereisherebycreatedthe"MissouriOneStartJobTrainingJointLegislative
212212 9OversightCommittee".ThecommitteeshallconsistofthreemembersoftheMissourisenate
213213 10appointedbythepresidentprotemporeofthesenateandthreemembersofthehouseof
214214 11representativesappointedbythespeakerofthehouse.Nomorethantwoofthemembersof
215-HCSHB2418 6 12thesenateandtwoofthemembersofthehouseofrepresentativesshallbefromthesame
215+HB2418 6 12thesenateandtwoofthemembersofthehouseofrepresentativesshallbefromthesame
216216 13politicalparty.Membersofthecommitteeshallreporttothegovernor,thepresidentpro
217217 14temporeofthesenate,andthespeakerofthehouseofrepresentativesonallassistanceto
218218 15qualifiedcompaniesundertheprovisionsofsections620.800to620.809providedduringthe
219219 16precedingfiscalyear.ThereportofthecommitteeshallbedeliverednolaterthanOctober
220220 17firstofeachyear.Thedirectorofthedepartmentshallreporttothecommitteesuch
221221 18informationasthecommitteemaydeemnecessaryforitsannualreport.Membersofthe
222222 19committeeshallreceivenocompensationinadditiontotheirsalaryasmembersofthegeneral
223223 20assemblybutmayreceivetheirnecessaryexpenseswhileattendingthemeetingsofthe
224224 21committee,tobepaidoutofthejointcontingentfund.
225225 22 3.]Thedepartmentshallpublishguidelinesandmaypromulgaterulesandregulations
226226 23governingthe[training] Missourionestartprogram.Inestablishingsuchguidelinesand
227227 24promulgatingsuchrulesandregulations,thedepartmentshallconsidersuchfactorsasthe
228228 25potentialnumberofnewjobstobecreatedornumberofjobstoberetained,thepotential
229229 26numberofnewminorityjobscreated,theamountofnewcapitalinvestmentinnewor
230230 27existingfacilitiesandequipment,thesignificanceofstatebenefitstothequalifiedcompany's
231231 28decisiontolocateorexpandinMissouri,theeconomicneedoftheaffectedcommunity,and
232232 29theimportanceofthequalifiedcompanytotheeconomicdevelopmentofthestate.Anyrule
233233 30orportionofarule,asthattermisdefinedinsection536.010,thatiscreatedunderthe
234234 31authoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplieswithandis
235235 32subjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.Thissection
236236 33andchapter536arenonseverableandifanyofthepowersvestedwiththegeneralassembly
237237 34pursuanttochapter536toreview,todelaytheeffectivedate,ortodisapproveandannula
238238 35rulearesubsequentlyheldunconstitutional,thenthegrantofrulemakingauthorityandany
239239 36ruleproposedoradoptedafterAugust28,2013,shallbeinvalidandvoid.
240240 37 [4.]3.ThedepartmentshallmakeMissourionestartprogramapplicationsand
241241 38guidelinesavailableonline.
242242 39 [5.]4.Thedepartmentmaycontractwithotherentitiesforthepurposesof
243243 40advertising,marketing,orpromotingthe[training] Missourionestartprogramestablishedin
244244 41sections620.800to620.809.Anyassistancethroughthe[training] Missourionestart
245245 42programshallbeprovidedunderanagreement.
246246 43 [6.]5.Priortotheauthorizationofanyapplicationsubmittedthroughthe[training]
247247 44Missourionestartprogram,thedepartmentshallverifytheapplicant'staxpaymentstatus
248248 45andoffsetanydelinquenciesasprovidedinsection135.815.
249249 46 [7.]6.Anyqualifiedcompanythatisawardedbenefitsundersections620.800to
250250 47620.809andwhofilesforbankruptcyunderChapter7oftheUnitedStatesBankruptcyCode,
251251 48Title11U.S.C.,asamended,shallimmediatelynotifythedepartment,shallforfeitsuch
252-HCSHB2418 7 49benefits,andshallrepaythestateanamountequaltoanystatetaxcreditsalreadyredeemed
252+HB2418 7 49benefits,andshallrepaythestateanamountequaltoanystatetaxcreditsalreadyredeemed
253253 50andanywithholdingtaxesalreadyretained.
254254 51 [8.]7.Thedepartmentmayrequirerepaymentofallbenefitsawarded,increasedby
255255 52anadditionalamountthatshallprovidethestateareasonablerateofreturn,toanyqualified
256256 53companyundersections620.800to620.809thatfailstomaintaintheneworretainedjobs
257257 54withinfiveyearsofapprovalofthebenefitsorthatleavesthestatewithinfiveyearsof
258258 55approvalofthebenefits.
259259 56 [9.]8.Thedepartmentshallbeauthorizedtocontractwithotherentities,including
260260 57businesses,industries,otherstateagencies,andpoliticalsubdivisionsofthestateforthe
261261 58purposeofimplementingatrainingprojectorprovidingrecruitmentservicesunderthe
262262 59provisionsofsections620.800to620.809.
263263 620.806.1.Thereisherebycreatedinthestatetreasuryafundtobeknownasthe
264264 2"MissouriOneStartJobDevelopmentFund",thatshallbeadministeredbythedepartmentfor
265265 3thepurposesoftheMissourionestartprogram.Thefundshallconsistofallmoneyswhich
266266 4maybeappropriatedtoitbythegeneralassemblyandalsoanygifts,contributions,grants,or
267267 5bequestsreceivedfromfederal,privateorothersources,including,butnotlimitedto,any
268268 6blockgrantorothersourcesoffundingrelatingtojobtraining,school-to-worktransition,
269269 7welfarereform,vocationalandtechnicaltraining,housing,infrastructure,development,and
270270 8humanresourceinvestmentprogramswhichmaybeprovidedbythefederalgovernmentor
271271 9othersources.Thestatetreasurershallbecustodianofthefundandmayapprove
272272 10disbursementsfromthefundinaccordancewithsections30.170and30.180.
273273 11Notwithstandingtheprovisionsofsection33.080tothecontrary,anymoneysremainingin
274274 12thefundattheendofthebienniumshallnotreverttothecreditofthegeneralrevenuefund.
275275 13Thestatetreasurershallinvestmoneysinthefundinthesamemannerasotherfundsare
276276 14invested.Anyinterestandmoneysearnedonsuchinvestmentsshallbecreditedtothefund.
277277 15 2.Thedepartmentmayprovidefinancialassistancefortrainingprojectsthroughthe
278278 16[training] MissourionestartprogramfromtheMissourionestartjobdevelopmentfund
279279 17toqualifiedcompaniesthatcreatenewjobswhichwillresultintheneedfortraining,orthat
280280 18makenewcapitalinvestmentrelatingdirectlytotheretentionofjobsinanamountatleast
281281 19fivetimesgreaterthantheamountofanyfinancialassistance.Financialassistancemayalso
282282 20beprovidedtoaconsortiumofamajorityofqualifiedcompaniesorganizedtoprovide
283283 21commontrainingtotheconsortiummembers'employees.
284284 22 3.FundsintheMissourionestartjobdevelopmentfundshallbeappropriated,for
285285 23recruitmentservicesandtoprovidefinancialassistancefortrainingprojectsthroughthe
286286 24[training] Missourionestartprogram,bythegeneralassemblytothedepartment[and].
287287 25Recruitmentservicesshallbeadministeredbythedepartment.Financialassistancefor
288288 26trainingprojectsshallbeadministeredbyalocaleducationagencycertifiedbythe
289-HCSHB2418 8 27departmentforsuchpurpose.[Exceptforstate-sponsoredpreemploymenttraining,no
289+HB2418 8 27departmentforsuchpurpose.[Exceptforstate-sponsoredpreemploymenttraining,no
290290 28qualifiedcompanyshallreceivemorethanfiftypercentofitstrainingprogramcostsfromthe
291291 29Missourionestartjobdevelopmentfund.] Nofundsshallbeawardedorreimbursedtoany
292292 30qualifiedcompanyforthetraining,retraining,orupgradingofskillsofpotentialemployees
293293 31withthepurposeofreplacingorsupplantingemployeesengagedinanauthorizedwork
294294 32stoppage.Uponapprovalbythedepartment,trainingprojectcosts,exceptthepurchaseof
295295 33trainingequipmentandtrainingfacilities,shallbeeligibleforreimbursementwithfundsfrom
296296 34theMissourionestartjobdevelopmentfund.Notwithstandinganyprovisionoflawtothe
297297 35contrary,noqualifiedcompanywithinaserviceindustryshallbeeligiblefortraining
298298 36assistanceunderthissubsectionunlesssuchqualifiedcompanyprovidesservicesininterstate
299299 37commerce,whichshallmeanthatthequalifiedcompanyderivesamajorityofitsannual
300300 38revenuesfromoutofthestate.
301301 39 [3.]4.Uponappropriation,alocaleducationagencymaypetitionthedepartmentto
302302 40utilizetheMissourionestartjobdevelopmentfundinordertocreateorimprovetraining
303303 41facilities,trainingequipment,trainingstaff,trainingexpertise,trainingprogramming,and
304304 42administration.Thedepartmentshallreviewallpetitionsandmayawardfundsfromthe
305305 43Missourionestartjobdevelopmentfundforreimbursementoftrainingprojectcostsand
306306 44trainingprojectservicesasitdeemsnecessary.
307307 45 [4.]5.Thedepartmentmaypromulgaterulestoimplementtheprovisionsofthis
308308 46section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
309309 47createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies
310310 48withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.
311311 49Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe
312312 50generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto
313313 51disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof
314314 52rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2019,shallbeinvalid
315315 53andvoid.
316316 620.809.1.Thereisherebyestablishedinthestatetreasuryafundtobeknownasthe
317317 2"MissouriOneStartCommunityCollegeNewJobsTrainingFund",thatshallbeadministered
318318 3bythedepartmentfor[the]trainingprojectsintheMissourionestartprogram.Through
319319 4June30,2023,thedepartmentofrevenueshallcredittothefund,asreceived,allnewjobs
320320 5credits.[ForexistingMissouribusinessescreatingnewjobs,thetrainingprojectmayinclude
321321 6retainedjobs.] Thefundshallalsoconsistofanygifts,contributions,grants,orbequests
322322 7receivedfromfederal,private,orothersources.Thegeneralassembly,however,shallnot
323323 8provideforanytransferofgeneralrevenuefundsintothefund.Moneysinthefundshallbe
324324 9disbursedtothedepartmentunderregularappropriationsbythegeneralassembly.[The
325325 10departmentshallhavethediscretiontodeterminetheappropriateamountoffundstoallocate
326-HCSHB2418 9 11pertrainingproject.] ThroughJune30,2023,thedepartmentshalldisbursesuch
326+HB2418 9 11pertrainingproject.] ThroughJune30,2023,thedepartmentshalldisbursesuch
327327 12appropriatedfundsinatimelymannerintothespecialfundsestablishedbycommunity
328328 13collegedistrictsfortrainingprojects,whichfundsshallbeusedtopaytrainingprojectcosts.
329329 14Suchdisbursementsshallbemadetothespecialfundforeachtrainingprojectasprovided
330330 15undersubsection[5]6ofthissection.Allmoneysremaininginthefundattheendofany
331331 16fiscalyearshallnotlapsetothegeneralrevenuefund,asprovidedinsection33.080,butshall
332332 17remaininthefund.AnyunobligatedfundsintheMissourionestartcommunitycollege
333333 18newjobstrainingfundonJuly1,2023,shallbetransferredtotheMissourionestart
334334 19communitycollegetrainingfundauthorizedundersubsection3ofthissection.
335335 20 2.Thereisherebycreatedinthestatetreasuryafundtobeknownasthe"Missouri
336336 21OneStartCommunityCollegeJobRetentionTrainingFund",thatshallbeadministeredby
337337 22thedepartmentfortheMissourionestartprogram.ThroughJune30,2023,thedepartment
338338 23ofrevenueshallcredittothefund,asreceived,allretainedjobscredits.[Forexisting
339339 24Missouribusinessesretainingjobs,thetrainingprojectmayincludenewjobs.] Thefundshall
340340 25alsoconsistofanygifts,contributions,grants,orbequestsreceivedfromfederal,private,or
341341 26othersources.Thegeneralassembly,however,shallnotprovideforanytransferofgeneral
342342 27revenuefundsintothefund.Moneysinthefundshallbedisbursedtothedepartmentunder
343343 28regularappropriationsbythegeneralassembly.[Thedepartmentshallhavethediscretionto
344344 29determinetheappropriateamountoffundstoallocatepertrainingproject.] ThroughJune
345345 3030,2023,thedepartmentshalldisbursesuchappropriatedfundsinatimelymannerintothe
346346 31specialfundsestablishedbycommunitycollegedistrictsforprojects,whichfundsshallbe
347347 32usedtopaytraining[program] projectcosts[, includingtheprincipal,premium,andinterest
348348 33oncertificatesissuedbythedistricttofinanceorrefinance,inwholeorinpart,aproject].
349349 34Suchdisbursementsbythedepartmentshallbemadetothespecialfundforeachprojectas
350350 35providedundersubsection[5]6ofthissection.Allmoneysremaininginthefundattheend
351351 36ofanyfiscalyearshallnotlapsetothegeneralrevenuefund,asprovidedinsection33.080,
352352 37butshallremaininthefund.AllunobligatedfundsintheMissourionestartcommunity
353353 38collegejobretentiontrainingfundonJuly1,2023,shallbetransferredtotheMissouri
354354 39onestartcommunitycollegetrainingfundauthorizedundersubsection3ofthissection.
355355 40 3.Thereisherebycreatedinthestatetreasurythe"MissouriOneStart
356356 41CommunityCollegeTrainingFund",whichshallbeadministeredbythedepartmentfor
357357 42trainingprojectsintheMissourionestartprogram.BeginningJuly1,2023,the
358358 43departmentofrevenueshallcredittothefund,asreceived,allnewandretainedjobs
359359 44credits.Thefundshallalsoconsistofanygifts,contributions,grants,orbequests
360360 45receivedfromfederal,private,orothersources.However,thegeneralassemblyshall
361361 46notauthorizeanytransferofgeneralrevenuefundsintothefund.BeginningJuly1,
362362 472023,thedepartmentshalldisbursemoneysinthefundunderregularappropriations
363-HCSHB2418 10 48bythegeneralassembly.Thedepartmentshalldisbursesuchappropriatedfundsina
363+HB2418 10 48bythegeneralassembly.Thedepartmentshalldisbursesuchappropriatedfundsina
364364 49timelymannerintothespecialfundsestablishedbycommunitycollegedistrictsfor
365365 50trainingprojects,whichfundsshallbeusedtopaytrainingprojectcosts.Such
366366 51disbursementsshallbemadetothespecialfundforeachtrainingprojectasprovided
367367 52undersubsection6ofthissection.Allmoneysremaininginthefundattheendofany
368368 53fiscalyearshallnotlapsetothegeneralrevenuefund,asprovidedinsection33.080,but
369369 54shallremaininthefund.
370370 55 [3.]4.Thedepartmentofrevenueshalldevelopsuchformsasarenecessaryto
371371 56demonstrateaccuratelyeachqualifiedcompany'snewjobscreditpaidthroughJune30,
372372 572023,intotheMissourionestartcommunitycollegenewjobstrainingfundorretainedjobs
373373 58creditpaidthroughJune30,2023,intotheMissourionestartcommunitycollegejob
374374 59retentiontrainingfund.Thedepartmentofrevenueshalldevelopsuchformsasare
375375 60necessarytodemonstrateaccuratelyeachqualifiedcompany'sneworretainedjobs
376376 61credit,orboth,whicheverisapplicable,paidbeginningJuly1,2023,intotheMissouri
377377 62onestartcommunitycollegetrainingfund.Theneworretainedjobscredits, orboth,
378378 63whicheverisapplicable,shallbeaccountedasseparatefromthenormalwithholdingtaxpaid
379379 64tothedepartmentofrevenuebythequalifiedcompany.ThroughJune30,2023,
380380 65reimbursementsmadebyallqualifiedcompaniestotheMissourionestartcommunitycollege
381381 66newjobstrainingfundandtheMissourionestartcommunitycollegejobretentiontraining
382382 67fundshallbenolessthanallallocationsmadebythedepartmenttoallcommunitycollege
383383 68districtsforallprojects.BeginningJuly1,2023,reimbursementsmadebyallqualified
384384 69companiestotheMissourionestartcommunitycollegetrainingfundshallbenoless
385385 70thanallallocationsmadebythedepartmenttoallcommunitycollegedistrictsforall
386386 71projects.Thequalifiedcompanyshallremittheamountoftheneworretainedjobscredit,as
387387 72orboth,whicheverisapplicable,tothedepartmentofrevenueinthesamemanneras
388388 73providedinsections143.191to143.265.Aqualifiedcompany’strainingprojectmay
389389 74includebothnewjobsandretainedjobs.
390390 75 [4.]5.Acommunitycollegedistrict,withtheapprovalofthedepartmentin
391391 76consultationwiththeofficeofadministration,mayenterintoanagreementtoestablisha
392392 77trainingprojectandprovidetrainingprojectservicestoaqualifiedcompany.The
393393 78departmentshallhavethediscretiontodeterminetheappropriateamountoffundsto
394394 79allocatepertrainingproject.Assoonaspossibleafterinitialcontactbetweenacommunity
395395 80collegedistrictandapotentialqualifiedcompanyregardingthepossibilityofenteringintoan
396396 81agreement,thecommunitycollegedistrictshallinformthedepartmentofthepotential
397397 82trainingproject.Thedepartmentshallevaluatetheproposedtrainingprojectwithinthe
398398 83overalljobtrainingeffortsofthestatetoensurethatthetrainingprojectwillnotduplicate
399399 84otherjobtrainingprograms.Thedepartmentshallhavefourteendaysfromreceiptofanotice
400-HCSHB2418 11 85ofintenttoapproveordisapproveatrainingproject.Ifnoresponseisreceivedbythe
400+HB2418 11 85ofintenttoapproveordisapproveatrainingproject.Ifnoresponseisreceivedbythe
401401 86qualifiedcompanywithinfourteendays,thetrainingprojectshallbedeemedapproved.
402402 87Disapprovalofanytrainingprojectshallbemadeinwritingandstatethereasonsforsuch
403403 88disapproval.Ifanagreementisenteredinto,thedistrictandthequalifiedcompanyshall
404404 89notifythedepartmentofrevenuewithinfifteencalendardays.Inadditiontoanyprovisions
405405 90requiredundersubsection[6]7ofthissectionforaqualifiedcompanyapplyingtoreceivea
406406 91neworretainedjobcredit,orboth,whicheverisapplicable,anagreementmayprovide,but
407407 92shallnotbelimitedto:
408408 93 (1)Paymentoftrainingprojectcosts,whichmaybepaidfromoneoracombination
409409 94ofthefollowingsources:
410410 95 (a)ThroughJune30,2023,fundsappropriatedbythegeneralassemblytothe
411411 96MissourionestartcommunitycollegenewjobstrainingprogramfundorMissourionestart
412412 97communitycollegejobretentiontrainingprogramfund,asapplicable,anddisbursedbythe
413413 98departmentforthepurposesconsistentwithsections620.800to620.809;
414414 99 (b)BeginningJuly1,2023,fundsappropriatedbythegeneralassemblytothe
415415 100Missourionestartcommunitycollegejobstrainingprogramfundanddisbursedbythe
416416 101departmentforthepurposesconsistentwithsections620.800to620.809;
417417 102 [(b)](c)Fundsappropriatedbythegeneralassemblyfromthegeneralrevenuefund
418418 103anddisbursedbythedepartmentforthepurposesconsistentwithsections620.800to
419419 104620.809;
420420 105 [(c)](d)Tuition,studentfees,orspecialchargesfixedbytheboardoftrusteesto
421421 106defraytrainingprojectcostsinwholeorinpart;
422422 107 (2)Paymentoftrainingprojectcostswhichshallnotbedeferredforaperiodlonger
423423 108thaneightyears;
424424 109 (3)Costsofon-the-jobtrainingforemployeeswhichshallincludewagesorsalaries
425425 110ofparticipatingemployees.Paymentsforon-the-jobtrainingshallnotexceedtheaverageof
426426 111fiftypercentofthetotalwagespaidbythequalifiedcompanytoeachparticipantduringthe
427427 112periodoftraining.Paymentforon-the-jobtrainingmaycontinueforuptosixmonthsfrom
428428 113thedatethetrainingbegins;
429429 114 (4)Aprovisionwhichfixestheminimumamountofneworretainedjobscredits,or
430430 115both,whicheverisapplicable,generalrevenuefundappropriations,ortuitionandfee
431431 116paymentswhichshallbepaidfortrainingprojectcosts;and
432432 117 (5)Anypaymentrequiredtobemadebyaqualifiedcompany.Thispaymentshall
433433 118constitutealienuponthequalifiedcompany'sbusinesspropertyuntilpaid,shallhaveequal
434434 119prioritywithordinarytaxesandshallnotbedivestedbyajudicialsale.Propertysubjectto
435435 120suchlienmaybesoldforsumsdueanddelinquentatataxsale,withthesameforfeitures,
436-HCSHB2418 12 121penalties,andconsequencesasforthenonpaymentofordinarytaxes.Thepurchasersatatax
436+HB2418 12 121penalties,andconsequencesasforthenonpaymentofordinarytaxes.Thepurchasersatatax
437437 122saleshallobtainthepropertysubjecttotheremainingpayments.
438438 123 [5.]6.(1)Forprojectsthatarefundedexclusivelyunderparagraph(a)or(b)of
439439 124subdivision(1)ofsubsection[4]5ofthissection,thedepartmentshalldisbursesuchfundsto
440440 125thespecialfundforeachtrainingprojectinthesameproportionasthenewjobsorretained
441441 126jobscreditsremittedbythequalifiedcompanyparticipatinginsuchprojectbearstothetotal
442442 127newjobsorretainedjobscreditsfromwithholdingremittedbyallqualifiedcompanies
443443 128participatinginprojectsduringtheperiodforwhichthedisbursementismade.
444444 129 (2)Subjecttoappropriation,forprojectsthatarefundedthroughacombinationof
445445 130fundsunderparagraphs(a)[and],(b),and(c)ofsubdivision(1)ofsubsection[4]5ofthis
446446 131section,thedepartmentshalldisbursefundsappropriatedunderparagraph[(b)](c)of
447447 132subdivision(1)ofsubsection[4]5ofthissectiontothespecialfundforeachtrainingproject
448448 133uponcommencementoftheproject.Thedepartmentshalldisbursefundsappropriatedunder
449449 134paragraph(a)or(b)ofsubdivision(1)ofsubsection[4]5ofthissectiontothespecialfund
450450 135foreachtrainingprojectinthesameproportionasthenewjobsorretainedjobscredits
451451 136remittedbythequalifiedcompanyparticipatinginsuchprojectbearstothetotalnewjobsor
452452 137retainedjobscreditsfromwithholdingremittedbyallqualifiedcompaniesparticipatingin
453453 138projectsduringtheperiodforwhichthedisbursementismade,reducedbytheamountof
454454 139fundsappropriatedunderparagraph[(b)](c)ofsubdivision(1)ofsubsection[4]5ofthis
455455 140section.
456456 141 [6.]7.Anyqualifiedcompanythatsubmitsanoticeofintentforretainedjobcredits
457457 142shallenterintoanagreement,providingthatthequalifiedcompanyhas:
458458 143 (1)Maintainedatleastonehundredfull-timeemployeesperyearattheproject
459459 144facilityforthecalendaryearprecedingtheyearinwhichtheapplicationismade;and
460460 145 (2)Madeoragreestomakeanewcapitalinvestmentofgreaterthanfivetimesthe
461461 146amountofanyawardunder[thistraining] theMissourionestartprogramattheproject
462462 147facilityoveraperiodoftwoconsecutiveyears,ascertifiedbythequalifiedcompanyand:
463463 148 (a)Hasmadesubstantialinvestmentinnewtechnologyrequiringtheupgradingof
464464 149employeeskills;or
465465 150 (b)Islocatedinabordercountyofthestateandrepresentsapotentialriskof
466466 151relocationfromthestate;or
467467 152 (c)Hasbeendeterminedtorepresentasubstantialriskofrelocationfromthestateby
468468 153thedirectorofthedepartmentofeconomicdevelopment.
469469 154 [7.]8.Ifanagreementprovidesthatallorpartofthetraining[program] projectcosts
470470 155aretobemetbyreceiptofneworretainedjobscredit,orboth,whicheverisapplicable,
471471 156suchneworretainedjobscreditfromwithholdingshallbedeterminedandpaidasfollows:
472-HCSHB2418 13 157 (1)Neworretainedjobscreditshallbebaseduponthewagespaidtotheemployees
472+HB2418 13 157 (1)Neworretainedjobscreditshallbebaseduponthewagespaidtotheemployees
473473 158intheneworretainedjobs;
474474 159 (2)Aportionofthetotalpaymentsmadebythequalifiedcompaniesundersections
475475 160143.191to143.265shallbedesignatedastheneworretainedjobscredit, orboth,whichever
476476 161isapplicable,fromwithholding.Suchportionshallbeanamountequaltotwoandone-half
477477 162percentofthegrosswagespaidbythequalifiedcompanyforeachofthefirstonehundred
478478 163jobsincludedintheprojectandoneandone-halfpercentofthegrosswagespaidbythe
479479 164qualifiedcompanyforeachoftheremainingjobsincludedintheproject.Ifbusinessor
480480 165employmentconditionscausetheamountoftheneworretainedjobscredit, orboth,
481481 166whicheverisapplicable,fromwithholdingtobelessthantheamountprojectedinthe
482482 167agreementforanytimeperiod,thenotherwithholdingtaxpaidbythequalifiedcompany
483483 168undersections143.191to143.265shallbecreditedtotheapplicablefundbytheamountof
484484 169suchdifference.Thequalifiedcompanyshallremittheamountoftheneworretainedjobs
485485 170credit, orboth,whicheverisapplicable,tothedepartmentofrevenueinthemanner
486486 171prescribedinsections143.191to143.265.Whenalltraining[program] projectcostshave
487487 172beenpaid,theneworretainedjobscredits, orboth,whicheverisapplicable,shallcease;
488488 173 (3)Thecommunitycollegedistrictparticipatinginaprojectshallestablishaspecial
489489 174fundforandinthenameofthetrainingproject.Allfundsappropriatedbythegeneral
490490 175assemblyfromthefundsestablishedunder[subsections1and2of]thissectionanddisbursed
491491 176bythedepartmentforthetrainingprojectandotheramountsreceivedbythedistrictfor
492492 177trainingprojectcostsasrequiredbytheagreementshallbedepositedinthespecialfund.
493493 178Amountsheldinthespecialfundshallbeusedanddisbursedbythedistrictonlytopay
494494 179trainingprojectcostsforsuchtrainingproject.Thespecialfundmaybedividedintosuch
495495 180accountsandsubaccountsasshallbeprovidedintheagreement,andamountsheldtherein
496496 181maybeinvestedinthesamemannerasthedistrict'sotherfunds;
497497 182 (4)Anydisbursementfortrainingprojectcostsreceivedfromthedepartmentunder
498498 183sections620.800to620.809anddepositedintothetrainingproject'sspecialfundmaybe
499499 184irrevocablypledgedbyacommunitycollegedistrictforthepaymentoftheprincipal,
500500 185premium,andinterestonthecertificateissuedbyacommunitycollegedistricttofinanceor
501501 186refinance,inwholeorinpart,suchtrainingproject;
502502 187 (5)Thequalifiedcompanyshallcertifytothedepartmentofrevenuethatthenewor
503503 188retainedjobscredit, orboth,whicheverisapplicable,isinaccordancewithanagreement
504504 189andshallprovideotherinformationthedepartmentofrevenuemayrequire;
505505 190 (6)Anemployeeparticipatinginatrainingprojectshallreceivefullcreditunder
506506 191section143.211fortheamountdesignatedasaneworretainedjobscredit;
507507 192 (7)Ifanagreementprovidesthatallorpartoftraining[program] projectcostsareto
508508 193bemetbyreceiptofneworretainedjobscredit,orboth,whicheverisapplicable,the
509-HCSHB2418 14 194provisionsofthissubsectionshallalsoapplytoanysuccessortotheoriginalqualified
509+HB2418 14 194provisionsofthissubsectionshallalsoapplytoanysuccessortotheoriginalqualified
510510 195companyuntiltheprincipalandinterestonthecertificateshavebeenpaid.
511511 196 [8.]9.Toprovidefundsforthepresentpaymentofthetrainingprojectcosts[ofnew
512512 197orretainedjobstrainingproject] throughthe[training] Missourionestartprogramas
513513 198providedinthissection, acommunitycollegedistrictmayborrowmoneyandissueandsell
514514 199certificatespayablefromasufficientportionofthefuturereceiptsofpaymentsauthorizedby
515515 200theagreementincludingdisbursementsfromthe[Missourionestartcommunitycollegenew
516516 201jobstrainingfundortheMissourionestartcommunitycollegejobretentiontrainingfund]
517517 202fundsestablishedunderthissection, tothespecialfundestablishedbythecommunity
518518 203collegedistrictforeachtrainingproject.Thetotalamountofoutstandingcertificatessoldby
519519 204allcommunitycollegedistrictsshallnotexceedthetotalamountauthorizedunderlawasof
520520 205January1,2013[, unlessanincreasedamountisauthorizedinwritingbyamajorityof
521521 206membersofthecommittee]. Thecertificatesshallbemarketedthroughfinancialinstitutions
522522 207authorizedtodobusinessinMissouri.Thereceiptsshallbepledgedtothepaymentof
523523 208principalofandinterestonthecertificates.Certificatesmaybesoldatpublicsaleorat
524524 209privatesaleatpar,premium,ordiscountofnotlessthanninety-fivepercentoftheparvalue
525525 210thereof,atthediscretionoftheboardoftrustees,andmaybearinterestatsuchrateorratesas
526526 211theboardoftrusteesshalldetermine,notwithstandingtheprovisionsofsection108.170tothe
527527 212contrary.However,theprovisionsofchapter176shallnotapplytotheissuanceofsuch
528528 213certificates.Certificatesmaybeissuedwithrespecttoasingletrainingprojectormultiple
529529 214trainingprojectsandmaycontaintermsorconditionsastheboardoftrusteesmayprovideby
530530 215resolutionauthorizingtheissuanceofthecertificates.
531531 216 [9.]10.Certificatesissuedtorefundothercertificatesmaybesoldatpublicsaleorat
532532 217privatesaleasprovidedinthissection,withtheproceedsfromthesaletobeusedforthe
533533 218paymentofthecertificatesbeingrefunded.Therefundingcertificatesmaybeexchangedin
534534 219paymentanddischargeofthecertificatesbeingrefunded,ininstallmentsatdifferenttimesor
535535 220anentireissueorseriesatonetime.Refundingcertificatesmaybesoldorexchangedatany
536536 221timeon,before,orafterthematurityoftheoutstandingcertificatestoberefunded.Theymay
537537 222beissuedforthepurposeofrefundingalike,greater,orlesserprincipalamountofcertificates
538538 223andmaybeararateofinterestthatishigher,lower,orequivalenttothatofthecertificates
539539 224beingrenewedorrefunded.
540540 225 [10.]11.Beforecertificatesareissued,theboardoftrusteesshallpublishoncea
541541 226noticeofitsintentiontoissuethecertificates,statingtheamount,thepurpose,andtheproject
542542 227orprojectsforwhichthecertificatesaretobeissued.Apersonwithstandingmay,within
543543 228fifteendaysafterthepublicationofthenotice,byactioninthecircuitcourtofacountyinthe
544544 229district,appealthedecisionoftheboardoftrusteestoissuethecertificates.Theactionofthe
545545 230boardoftrusteesindeterminingtoissuethecertificatesshallbefinalandconclusiveunless
546-HCSHB2418 15 231thecircuitcourtfindsthattheboardoftrusteeshasexceededitslegalauthority.Anaction
546+HB2418 15 231thecircuitcourtfindsthattheboardoftrusteeshasexceededitslegalauthority.Anaction
547547 232shallnotbebroughtwhichquestionsthelegalityofthecertificates,thepoweroftheboardof
548548 233trusteestoissuethecertificates,theeffectivenessofanyproceedingsrelatingtothe
549549 234authorizationoftheproject,ortheauthorizationandissuanceofthecertificatesfromandafter
550550 235fifteendaysfromthepublicationofthenoticeofintentiontoissue.
551551 236 [11.]12.Theboardoftrusteesshallmakeafindingbasedoninformationsuppliedby
552552 237thequalifiedcompanythatrevenuesprovidedintheagreementaresufficienttosecurethe
553553 238faithfulperformanceofobligationsintheagreement.
554554 239 [12.]13.Certificatesissuedunderthissectionshallnotbedeemedtobean
555555 240indebtednessofthestate,thecommunitycollegedistrict,oranyotherpoliticalsubdivisionof
556556 241thestate,andtheprincipalandinterestonanycertificatesshallbepayableonlyfromthe
557557 242sourcesprovidedinsubdivision(1)ofsubsection[4]5ofthissectionwhicharepledgedin
558558 243theagreement.
559559 244 [13.]14.Pursuanttosection23.253oftheMissourisunsetact:
560560 245 (1)Theprogramauthorizedundersections620.800to620.809shallbereauthorized
561561 246asofAugust28,2018,andshallexpireonAugust28,2030;and
562562 247 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections620.800to
563563 248620.809shallautomaticallysunsettwelveyearsaftertheeffectivedateofthereauthorization
564564 249ofsections620.800to620.809;and
565565 250 (3)Sections620.800to620.809shallterminateonSeptemberfirstofthecalendar
566566 251yearimmediatelyfollowingthecalendaryearinwhichaprogramauthorizedundersections
567567 252620.800to620.809issunset.
568568 253 [14.]15.Anyagreementorobligationenteredintobythedepartmentthatwasmade
569569 254undertheprovisionsofsections620.800to620.809priortoAugust28,2019,shallremainin
570570 255effectaccordingtotheprovisionsofsuchagreementorobligation.
571571 620.2475.1.Asusedinthissection,thefollowingtermsshallmean:
572572 2 (1)"Aerospaceproject",aprojectundertakenbyorforthebenefitofaqualified
573573 3companywithaNorthAmericanIndustryClassificationSystemindustryclassificationof
574574 43364involvingthecreationofatleasttwothousandnewjobswithintenyearsfollowingthe
575575 5approvalofanoticeofintentpursuanttosection620.2020andforwhichthedepartmentof
576576 6economicdevelopmenthasprovidedaproposalforbenefitsunderjobcreation,worker
577577 7training,andinfrastructuredevelopmentprogramsonorbeforeJune10,2014;
578578 8 (2)"Jobcreation,workertraining,andinfrastructuredevelopmentprograms",the
579579 9Missouriworksprogramestablishedundersections620.2000to620.2020,theMissouri
580580 10businessuseincentivesforlarge-scaledevelopmentactestablishedundersections100.700to
581581 11100.850,theMissourionestarttrainingprogramestablishedundersections620.800to
582-HCSHB2418 16 12620.809,andtherealpropertytaxincrementallocationredevelopmentactestablishedunder
582+HB2418 16 12620.809,andtherealpropertytaxincrementallocationredevelopmentactestablishedunder
583583 13sections99.800to99.865.
584584 14 2.Provisionsoflawtothecontrarynotwithstanding,nobenefitsauthorizedunderjob
585585 15creation,workertraining,andinfrastructuredevelopmentprogramsforanaerospaceproject
586586 16shallbeconsideredindeterminingcompliancewithapplicablelimitationsontheaggregate
587587 17amountofbenefitsthatmaybeawardedannuallyorcumulativelyundersubdivision(3)of
588588 18subsection10ofsection99.845,subsection5ofsection100.850,subsection[8]9ofsection
589589 19620.809,andsubsection7ofsection620.2020.Noaerospaceprojectshallbeauthorizedfor
590590 20statebenefitsunderjobcreation,workertraining,andinfrastructuredevelopmentprograms
591591 21thatexceed,intheaggregate,onehundredfiftymilliondollarsannuallyunderallsuch
592592 22programs.
593593 23 3.Foranyaerospaceprojectreceivingstatebenefitsunderthissection,the
594594 24departmentofeconomicdevelopmentshalldelivertothegeneralassemblyanannualreport
595595 25providingdetailedinformationonthestatebenefitsreceivedandprojectedtobereceivedby
596596 26theaerospaceprojectandshallalsodenotethenumberofminoritiesthathavebeentrained
597597 27undertheMissourionestarttrainingprogramestablishedundersections620.800to620.809.
598598 28 4.Anyaerospaceprojectreceivingbenefitsunderthissectionshallannuallyreportto
599599 29thegeneralassemblyandthedepartmentofeconomicdevelopmentitsminorityandwomen
600600 30employmentoutreachefforts.
601601 31 5.Foraerospaceprojectsreceivingbenefitsunderthissection,innoeventshall
602602 32disbursementsofnewstaterevenuesundersections99.800to99.865bemadetosatisfybond
603603 33obligationsincurredforimprovementsthatdonotdirectlybenefitsuchproject.
604604 34 6.Foraerospaceprojectsreceivingbenefitsunderthissection,inthetenthyear
605605 35followingtheapprovalofanoticeofintentundersections620.2000to620.2020,the
606606 36departmentofeconomicdevelopmentshalldeterminethenetfiscalbenefittothestate
607607 37resultingfromsuchprojectandshalltakeanyactionnecessarytoensureapositivenetfiscal
608608 38benefittothestatebynolaterthanthelastyearinwhichtheaerospaceprojectreceives
609609 39benefitsunderthissection.
610610 ✔
611-HCSHB2418 17
611+HB2418 17