SB 922 - Callahan, Victor
Authorizes the creation of Missouri Jobs for the Future Districts
Bill Details
Sponsor
LR Number
4865S.01I
Title
SB 922
House Handler
N/A
Journal Page
S394
Effective Date
August 28, 2010
Current Status
Bill Combined w/SCS SBs 895, 813, 911, 924, 922 & 802
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 922 - This act allows municipalities to adopt ordinances establishing Missouri Jobs for the Future Districts for which municipalities may issue obligations to pay costs incurred to develop such area to attract business and create jobs. In order to establish Missouri Jobs for the Future Districts, municipalities must hold public hearings to adopt ordinances providing a comprehensive plan for the district and any projects which will be undertaken for the benefit of the district, and receive approval from the department of economic development. The act provides notice requirements for public hearings, establishes requirements for plans and projects, and places limitations upon obligations issued to fund projects within Missouri Jobs for the Future Districts. Obligations issued to pay eligible costs incurred within a district will be repaid by appropriations from the state general revenue fund. Appropriations will be based upon the incremental increase in state general revenue collections of sales tax and income tax withholdings of employees located within the district.
JASON ZAMKUS