| 1 | 1 | | FIRSTREGULARSESSION |
|---|
| 2 | 2 | | HOUSEBILLNO.1560 |
|---|
| 3 | 3 | | 103RDGENERALASSEMBLY |
|---|
| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEGALLICK. |
|---|
| 5 | 5 | | 3168H.01I JOSEPHENGLER,ChiefClerk |
|---|
| 6 | 6 | | ANACT |
|---|
| 7 | 7 | | Toamendchapter99,RSMo,byaddingtheretofournewsectionsrelatingtofinancial |
|---|
| 8 | 8 | | incentivesforcertainentertainmentfacilities. |
|---|
| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
|---|
| 10 | 10 | | SectionA.Chapter99,RSMo,isamendedbyaddingtheretofournewsections,tobe |
|---|
| 11 | 11 | | 2knownassections99.1220,99.1223,99.1226,and99.1230,toreadasfollows: |
|---|
| 12 | 12 | | 99.1220.1.Sections99.1220to99.1230shallbeknownandmaybecitedasthe |
|---|
| 13 | 13 | | 2"MissouriEntertainmentFacility-CapitalAssistanceProgram"or"MEF-CAP". |
|---|
| 14 | 14 | | 3 2.Insofarastheprovisionsofsections99.1220to99.1230areinconsistentwith |
|---|
| 15 | 15 | | 4theprovisionsofanyotherlaw,theprovisionsofsections99.1220to99.1230shallbe |
|---|
| 16 | 16 | | 5controlling. |
|---|
| 17 | 17 | | 6 3.Asusedinsections99.1220to99.1230,thefollowingtermsshallmean: |
|---|
| 18 | 18 | | 7 (1)"Department",theMissouridepartmentofeconomicdevelopment; |
|---|
| 19 | 19 | | 8 (2)"Entertainmentfacility",anysportsstadium,arena,orrelatedfacilitywhich |
|---|
| 20 | 20 | | 9hasasitsprimarypurposeuseforprofessionalsportsorentertainmentevents; |
|---|
| 21 | 21 | | 10 (3)"MDFB",theMissouridevelopmentfinanceboard; |
|---|
| 22 | 22 | | 11 (4)"Professionalsportsfranchise",anyprofessionalsportsteamthatisa |
|---|
| 23 | 23 | | 12memberofMajorLeagueBaseball,theNationalFootballLeague,theNational |
|---|
| 24 | 24 | | 13BasketballAssociation,theNationalHockeyLeague,MajorLeagueSoccer,the |
|---|
| 25 | 25 | | 14Women'sNationalBasketballAssociation,ortheNationalWomen'sSoccerLeague; |
|---|
| 26 | 26 | | 15 (5)"Projectcosts",thecostsofacquiring,constructing,improving,or |
|---|
| 27 | 27 | | 16renovatinganentertainmentfacility,including: |
|---|
| 28 | 28 | | 17 (a)Landacquisitionandsitepreparation; |
|---|
| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
|---|
| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18 (b)Constructionandmaterials; |
|---|
| 31 | 31 | | 19 (c)Professionalservicesrelatedtotheproject; |
|---|
| 32 | 32 | | 20 (d)Financingcosts;and |
|---|
| 33 | 33 | | 21 (e)Infrastructureimprovementsdirectlyrelatedtothefacility; |
|---|
| 34 | 34 | | 22 (6)"Qualifiedproject",anentertainmentfacilityprojectthatmeetsalleligibility |
|---|
| 35 | 35 | | 23requirementsundersection99.1223; |
|---|
| 36 | 36 | | 24 (7)"Stateassistance",financialsupportprovidedpursuanttosections99.1220 |
|---|
| 37 | 37 | | 25to99.1230throughanycombinationofstatetaxincrementfinancingrevenues, |
|---|
| 38 | 38 | | 26withholdingtaxretention,ormatchinggrants. |
|---|
| 39 | 39 | | 99.1223.1.Thereisherebyestablishedthe"MissouriEntertainmentFacility |
|---|
| 40 | 40 | | 2CapitalAssistanceProgram"tobeadministeredbythedepartmentwithoversightfrom |
|---|
| 41 | 41 | | 3theMDFB. |
|---|
| 42 | 42 | | 4 2.Tobeeligibleforstateassistancepursuanttosections99.1220to99.1230,a |
|---|
| 43 | 43 | | 5projectshallmeetallofthefollowingcriteria: |
|---|
| 44 | 44 | | 6 (1)Havetotalprojectcostsofatleasttwohundredfiftymilliondollars; |
|---|
| 45 | 45 | | 7 (2)Includeanentertainmentfacilitywithseatingcapacityofatleasttwenty |
|---|
| 46 | 46 | | 8thousandpersons; |
|---|
| 47 | 47 | | 9 (3)Havecommittedprivatefundingofatleastthirty-threepercentoftotal |
|---|
| 48 | 48 | | 10projectcosts; |
|---|
| 49 | 49 | | 11 (4)Havelocalgovernmentsupportthrougharesolutionfromthelocal |
|---|
| 50 | 50 | | 12governingbodycommittingtoeither: |
|---|
| 51 | 51 | | 13 (a)Provideatleasttenpercentofprojectcosts;or |
|---|
| 52 | 52 | | 14 (b)Provideothersupportandexpressingadesirethatthestateprovidesupport; |
|---|
| 53 | 53 | | 15 (5)Demonstratesignificanteconomicimpactthroughanindependenteconomic |
|---|
| 54 | 54 | | 16impactstudyshowing: |
|---|
| 55 | 55 | | 17 (a)Thecreationorretentionofpermanentjobs; |
|---|
| 56 | 56 | | 18 (b)Netneweconomicactivityorretentionofeconomicactivity;and |
|---|
| 57 | 57 | | 19 (c)IncreasedtaxrevenuetothestateofMissouri; |
|---|
| 58 | 58 | | 20 (6)Includeabindingcommitmentfromanyprofessionalsportsfranchisethat |
|---|
| 59 | 59 | | 21willbetheprimarytenantto: |
|---|
| 60 | 60 | | 22 (a)Enterintoaleaseofatleasttwenty-fiveyears; |
|---|
| 61 | 61 | | 23 (b)Maintaintheteam'sprimaryoperationsinMissouriforatleasttwenty-five |
|---|
| 62 | 62 | | 24years;and |
|---|
| 63 | 63 | | 25 (c)Repayallstateassistancereceivediftheteamrelocatesduringthe |
|---|
| 64 | 64 | | 26commitmentperiod. |
|---|
| 65 | 65 | | 27 3.(1)Forqualifiedprojects,stateassistancemayinclude: |
|---|
| 66 | 66 | | HB1560 2 28 (a)Uptofiftypercentofincrementalstatesalesandincometaxesgeneratedby |
|---|
| 67 | 67 | | 29theprojectthroughstatetaxincrementfinancingforuptotwenty-fiveyears; |
|---|
| 68 | 68 | | 30 (b)Retentionoffiftypercentofstatewithholdingtaxesfromnewjobscreated |
|---|
| 69 | 69 | | 31foruptotwenty-fiveyears;and |
|---|
| 70 | 70 | | 32 (c)Statematchinggrantsofuptotwenty-fivepercentoftotalprojectcosts,not |
|---|
| 71 | 71 | | 33toexceedonehundredmilliondollarsperproject. |
|---|
| 72 | 72 | | 34 (2)Totalstateassistancethroughallprogramsauthorizedbysections99.1220to |
|---|
| 73 | 73 | | 3599.1230shallnotexceedthirty-threepercentoftotalprojectcosts. |
|---|
| 74 | 74 | | 36 (3)Stateassistanceprovidedpursuanttosections99.1220to99.1230maybe |
|---|
| 75 | 75 | | 37usedincombinationwithlocaleconomicdevelopmentincentives,taxabatements, |
|---|
| 76 | 76 | | 38federalgrantsorincentives,orothereconomicdevelopmentprograms,providedthat |
|---|
| 77 | 77 | | 39thetotalamountofpublicassistancefromallsourcesshallnotexceedseventy-five |
|---|
| 78 | 78 | | 40percentoftotalprojectcosts,ortheprojectshallbedeemedineligible. |
|---|
| 79 | 79 | | 41 4.(1)Projectsreceivingassistancepursuanttosections99.1220to99.1230shall |
|---|
| 80 | 80 | | 42beeligibleforexpeditedconsiderationfor: |
|---|
| 81 | 81 | | 43 (a)Uptotenmilliondollarsannuallyfromthetaximposedpursuanttosection |
|---|
| 82 | 82 | | 44143.183foruptothirtyyears;and |
|---|
| 83 | 83 | | 45 (b)UptofiftymilliondollarsoverthreeyearsfromtheMDFB. |
|---|
| 84 | 84 | | 46 (2)Thedepartmentshallcreateproceduresforprojectsreceivingassistance |
|---|
| 85 | 85 | | 47pursuanttosections99.1220to99.1230toengageinapreferredapplicationprocessfor |
|---|
| 86 | 86 | | 48thefundsprovidedinthissubsection. |
|---|
| 87 | 87 | | 49 (3)Fundingpursuanttothissubsectionshallbeinadditiontootherstate |
|---|
| 88 | 88 | | 50assistanceauthorizedpursuanttosections99.1220to99.1230. |
|---|
| 89 | 89 | | 51 5.Thereisherebycreatedinthestatetreasurythe"StateSupplemental |
|---|
| 90 | 90 | | 52EntertainmentFacilityFund",whichshallconsistofanymoneysappropriatedbythe |
|---|
| 91 | 91 | | 53generalassembly,aswellasfromanygrants,gifts,bequests,orotherpaymentsfrom |
|---|
| 92 | 92 | | 54anysource.Thestatetreasurershallbecustodianofthefund.Inaccordancewith |
|---|
| 93 | 93 | | 55sections30.170and30.180,thestatetreasurermayapprovedisbursements. |
|---|
| 94 | 94 | | 56Notwithstandingtheprovisionsofsection33.080tothecontrary,anymoneys |
|---|
| 95 | 95 | | 57remaininginthefundattheendofthebienniumshallnotreverttothecreditofthe |
|---|
| 96 | 96 | | 58generalrevenuefund.Thestatetreasurershallinvestmoneysinthefundinthesame |
|---|
| 97 | 97 | | 59mannerasotherfundsareinvested.Anyinterestandmoneysearnedonsuch |
|---|
| 98 | 98 | | 60investmentsshallbecreditedtothefund.Thefundshallbeadministeredbythe |
|---|
| 99 | 99 | | 61department,whichshallusethefundtoprovideassistanceauthorizedbysections |
|---|
| 100 | 100 | | 6299.1220to99.1230. |
|---|
| 101 | 101 | | 99.1226.1.Applicationsforstateassistanceshallbesubmittedtothe |
|---|
| 102 | 102 | | 2departmentinsuchformandmannerasprescribedbythedepartment. |
|---|
| 103 | 103 | | HB1560 3 3 2.Applicationsshallinclude,butnotbelimitedto: |
|---|
| 104 | 104 | | 4 (1)Detailedprojectplansandspecifications; |
|---|
| 105 | 105 | | 5 (2)Projectbudgetandtimeline; |
|---|
| 106 | 106 | | 6 (3)Evidenceofmeetingalleligibilityrequirements; |
|---|
| 107 | 107 | | 7 (4)Economicimpactanalysis; |
|---|
| 108 | 108 | | 8 (5)Financialprojectionsandfundingcommitments; |
|---|
| 109 | 109 | | 9 (6)Aclearoutlineofthetypeortypesofstateassistancerequested,andthe |
|---|
| 110 | 110 | | 10amountofeachtypeofstateassistancerequested; |
|---|
| 111 | 111 | | 11 (7)Abindingcommitmentfromanyprofessionalsportsfranchisethatwillbe |
|---|
| 112 | 112 | | 12theprimarytenantto: |
|---|
| 113 | 113 | | 13 (a)Enterintoaleaseofatleasttwenty-fiveyears; |
|---|
| 114 | 114 | | 14 (b)Maintaintheteam'sprimaryoperationsinMissouriforatleasttwenty-five |
|---|
| 115 | 115 | | 15years;and |
|---|
| 116 | 116 | | 16 (c)Repayallstateassistancereceivediftheteamrelocatesduringthe |
|---|
| 117 | 117 | | 17commitmentperiod;and |
|---|
| 118 | 118 | | 18 (8)Anyotherinformationrequiredbythedepartment. |
|---|
| 119 | 119 | | 19 3.(1)Thedepartmentshallreviewapplicationsandmakerecommendationsto |
|---|
| 120 | 120 | | 20theMDFBwithinninetydaysofreceivingacompletedapplication. |
|---|
| 121 | 121 | | 21 (2)TheMDFBshallapproveordenyapplicationswithinsixtydaysofreceiving |
|---|
| 122 | 122 | | 22thedepartment'srecommendation. |
|---|
| 123 | 123 | | 23 (3)Uponapproval,thedepartmentshallissueacertificateoutliningtheterms |
|---|
| 124 | 124 | | 24andconditionsofstateassistance. |
|---|
| 125 | 125 | | 99.1230.1.Anyqualifiedprojectreceivingassistancepursuanttosections |
|---|
| 126 | 126 | | 299.1220to99.1230shallsubmitannualreportstothedepartment,whichshallinclude |
|---|
| 127 | 127 | | 3suchinformationasthedepartmentdeemsappropriate. |
|---|
| 128 | 128 | | 4 2.Thedepartmentshallestablishproceduresformonitoringcompliancewith |
|---|
| 129 | 129 | | 5therequirementsofsections99.1220to99.1230. |
|---|
| 130 | 130 | | 6 3.Anystateassistancereceivedshallbesubjecttorepaymentwithinterestif: |
|---|
| 131 | 131 | | 7 (1)Aprofessionalsportsfranchiserelocatesduringitscommitmentperiod; |
|---|
| 132 | 132 | | 8 (2)Theprojectfailstomaintaineligibilityrequirements;or |
|---|
| 133 | 133 | | 9 (3)Therecipientisfoundtohaveviolatedtheprovisionsofsections99.1220to |
|---|
| 134 | 134 | | 1099.1230ormadeamisrepresentationontheirapplication. |
|---|
| 135 | 135 | | 11 4.Thedepartmentshallpromulgaterulestoimplementtheprovisionsof |
|---|
| 136 | 136 | | 12sections99.1220to99.1230.Anyruleorportionofarule,asthattermisdefinedin |
|---|
| 137 | 137 | | 13section536.010,thatiscreatedundertheauthoritydelegatedinthissectionshall |
|---|
| 138 | 138 | | 14becomeeffectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter |
|---|
| 139 | 139 | | 15536and,ifapplicable,section536.028.Thissectionandchapter536arenonseverable |
|---|
| 140 | 140 | | HB1560 4 16andifanyofthepowersvestedwiththegeneralassemblypursuanttochapter536to |
|---|
| 141 | 141 | | 17review,todelaytheeffectivedate,ortodisapproveandannularulearesubsequently |
|---|
| 142 | 142 | | 18heldunconstitutional,thenthegrantofrulemakingauthorityandanyruleproposedor |
|---|
| 143 | 143 | | 19adoptedafterAugust28,2025,shallbeinvalidandvoid. |
|---|
| 144 | 144 | | âś” |
|---|
| 145 | 145 | | HB1560 5 |
|---|