HB 125 Modifies the membership requirements for certain industrial development corporations formed by certain municipalities
Sponsor: Romine
LR Number: 0544H.01T Fiscal Notes
Committee: Jobs, Economic Development and Local Government
Last Action: 6/30/2015 - Signed by Governor Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2015
House Handler: Black

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Current Bill Summary

HB 125 - Under current law, directors of industrial development corporations in first class counties must be duly qualified electors of and taxpayers in the county or municipality. This act provides that directors of any industrial development corporation formed by a municipality in St. Francois County may be taxpayers and registered voters in the county.

This provision is identical to the truly agreed to and finally passed SB 68 (2015) and a provision in the truly agreed to and finally passed but vetoed HB 1553 (2014).