Missouri 2025 2025 Regular Session

Missouri House Bill HB1416 Comm Sub / Analysis

Filed 03/03/2025

                    HB1416--COMMUNITYIMPROVEMENTDISTRICTS
SPONSOR: Seitz
Thisbillrequiresacommunityimprovementdistricttoprovide
noticetothegoverningbodyofthemunicipalityinwhichthe
districtislocatedofplannedmeetingsandanyassociatedmeeting
agendasatleasttencalendardayspriortothemeeting. Ifa
districtcallsanemergencymeetingitmustprovidenoticeassoon
aspossible.
Thebilladdsthelistofdatesandlocationsofeachmeetingofa
communityimprovementdistrictboardtothelistofitemscontained
inareportthatadistrictisrequiredtoprovidetothemunicipal
clerk,DepartmentofRevenue,theStateAuditor,andtheDepartment
ofEconomicDevelopment. Thereportmustincludeanaffidavit
signedbyaboardmemberunderpenaltyofperjurythatthe
informationisaccurate.
ThisbillrequirestheStateAuditortocalculateacompliance
gradeforcommunityimprovementdistrictreportingcompliance. The
Auditor'sofficewillpostthegradeonitswebsitenolaterthan
30daysafterthereportingdeadline.
Ifacommunityimprovementdistrictfailstoachieveacompliance
gradeofatleast80%itcanbeterminatedoritsboardmaybe
dissolved. Aterminateddistrictmustimmediatelyceasecollecting
anytaxitisauthorizedtoimpose,settleitsdebts,andreturn
allremainingmoney.
Thegoverningbodyofamunicipalitywillnotbeobligatedor
liableforanyterminateddistrict'sremainingindebtedness,
inaction,failureoffiduciaryresponsibility, fraudulentactivity,
orotherencumbranceofsuchterminateddistrict.