HB 125 Modifies the membership requirements for certain industrial development corporations formed by certain municipalities

Current Bill Summary

- Prepared by Senate Research -

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).


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