Missouri 2025 Regular Session

Missouri House Bill HB1542 Compare Versions

Only one version of the bill is available at this time.
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11 FIRSTREGULARSESSION
22 HOUSEBILLNO.1542
33 103RDGENERALASSEMBLY
44 INTRODUCEDBYREPRESENTATIVEPATTERSON.
55 3194H.01I JOSEPHENGLER,ChiefClerk
66 ANACT
77 Torepealsection100.105,RSMo,andtoenactinlieuthereofonenewsectionrelatingtothe
88 departmentofeconomicdevelopment.
99 BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
1010 SectionA.Section100.105,RSMo,isrepealedandonenewsectionenactedinlieu
1111 2thereof,tobeknownassection100.105,toreadasfollows:
1212 100.105.1.NolaterthanJanuarythirty-firstofeachyear,themunicipalityshallfilea
1313 2reportwiththedepartmentofeconomicdevelopmentonthepreviousyear'srevenuebond
1414 3issuancesandgeneralobligationbondissuances,whichreportshallcontainonlythe
1515 4followinginformation:
1616 5 (1)Thename,address,spokesperson,andtelephonenumberoftheissuingentity;
1717 6 (2)Thename,address,age,andtypeofbusinessofthebeneficiaryfirm;
1818 7 (3)Theamount,term,interestrateorrates,anddateofissuanceofthebondsissued;
1919 8 (4)Thenameandaddressoftheunderwriter,ifany,ofsuchbonds;
2020 9 (5)Thenameandaddressoftheguarantor,ifany;
2121 10 (6)Thesize,byassetsandpreviousyear'ssales,andthecurrentnumberof
2222 11employees,ofthebeneficiaryfirm;
2323 12 (7)Acopyofthepreliminaryofficialstatementusedwhenofferingthebondsfor
2424 13sale;
2525 14 (8)Theestimatednumberofnewjobstobegeneratedbytheproposedproject;
2626 15 (9)Alistoftheuseofbondproceeds,includingwhetherthepurposeoftheproject
2727 16andthefundsgeneratedbytheissuanceofsuchbondsistoopenanewbusiness,builda
2828 17branchplant,expandanexistingfacility,oracquireanexistingbusinesstogetherwitha
2929 EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
3030 intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18generaldescriptionoftherealpropertyorpersonalpropertypurchasedbyoronbehalfofthe
3131 19municipalitywithsuchproceeds;and
3232 20 (10)Theestimatedtotalcostoftheproject.
3333 21 2.TheMissouridepartmentofeconomicdevelopmentmaypublishsuchreports
3434 22onitswebsite.
3535 âś”
3636 HB1542 2