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HCS/HB 677 - This act modifies provisions relating to certain tourism infrastructure facilities. TOURISM INFRASTRUCTURE FACILITIES This act allows the State of Missouri and any other public body to expend funds for the purpose of aiding and cooperating in the planning, undertaking or carrying out of a land clearance project or projects to develop, construct, reconstruct, rehabilitate, repair or improve any tourism infrastructure facilities, as defined in the act, which exists as of August 28, 2019, and for which an application is made and approved by the Department of Economic Development by August 28, 2020. Any expenditure for such a land clearance project shall be limited to a portion of tax revenues derived directly or indirectly from such project as stated in an agreement between the public body and the land clearance for redevelopment authority, provided that state appropriations under such agreement shall not be longer than twenty years, the annual amount of state appropriation shall not exceed $2.5 million per year for all fiscal years ending on or before June 30, 2029, and $4.5 million for all subsequent fiscal years, and the project shall be determined to produce a positive net fiscal impact for the state over the term of such agreement. No state appropriation shall be made for a project under this act prior to July 1, 2021. The Director of the Department of Economic Development shall make an annual report detailing the overall net fiscal impact to the state for each project. (Section 99.585) CONVENTION AND SPORTS COMPLEX FUNDS The Jackson County and Kansas City Convention and Sports Complex Funds are currently authorized to receive $3 million in state appropriations each year until 2021. This act extends such date to 2031. (Section 67.641) This act is substantially similar to SB 57 (2019), SS/SCS/SB 663 (2018), HCS/HB 677 (2019), SB 469 (2017), HB 1061 (2017), and HB 2805 (2016). JOSHUA NORBERG
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