FIRSTREGULARSESSION
HOUSEBILLNO.1542
103RDGENERALASSEMBLY
INTRODUCEDBYREPRESENTATIVEPATTERSON.
3194H.01I JOSEPHENGLER,ChiefClerk
ANACT
Torepealsection100.105,RSMo,andtoenactinlieuthereofonenewsectionrelatingtothe
departmentofeconomicdevelopment.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Section100.105,RSMo,isrepealedandonenewsectionenactedinlieu
2thereof,tobeknownassection100.105,toreadasfollows:
100.105.1.NolaterthanJanuarythirty-firstofeachyear,themunicipalityshallfilea
2reportwiththedepartmentofeconomicdevelopmentonthepreviousyear'srevenuebond
3issuancesandgeneralobligationbondissuances,whichreportshallcontainonlythe
4followinginformation:
5 (1)Thename,address,spokesperson,andtelephonenumberoftheissuingentity;
6 (2)Thename,address,age,andtypeofbusinessofthebeneficiaryfirm;
7 (3)Theamount,term,interestrateorrates,anddateofissuanceofthebondsissued;
8 (4)Thenameandaddressoftheunderwriter,ifany,ofsuchbonds;
9 (5)Thenameandaddressoftheguarantor,ifany;
10 (6)Thesize,byassetsandpreviousyear'ssales,andthecurrentnumberof
11employees,ofthebeneficiaryfirm;
12 (7)Acopyofthepreliminaryofficialstatementusedwhenofferingthebondsfor
13sale;
14 (8)Theestimatednumberofnewjobstobegeneratedbytheproposedproject;
15 (9)Alistoftheuseofbondproceeds,includingwhetherthepurposeoftheproject
16andthefundsgeneratedbytheissuanceofsuchbondsistoopenanewbusiness,builda
17branchplant,expandanexistingfacility,oracquireanexistingbusinesstogetherwitha
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18generaldescriptionoftherealpropertyorpersonalpropertypurchasedbyoronbehalfofthe
19municipalitywithsuchproceeds;and
20 (10)Theestimatedtotalcostoftheproject.
21 2.TheMissouridepartmentofeconomicdevelopmentmaypublishsuchreports
22onitswebsite.
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HB1542 2