HB 733 Summary

• Expands definitions and procedures for establishing port improvement districts within Missouri port authority boundaries, adding new defined terms including "consent" (requiring 60% property owner approval by both assessed value and per capita count) and "qualified project costs"

• Allows port authorities to establish districts for environmental cleanup, energy efficiency, wetland preservation, historic/cultural preservation, and other port-related projects, with funding through real property taxes or sales and use taxes approved by qualified voters

• Modifies petition and public hearing procedures, extending the timeline before circuit court filing from 10 to 60 days and allowing districts where the port authority owns all real property within boundaries without voter approval

• Requires refund of remaining special trust funds to property owners pro rata after project obligations are met, rather than allowing reallocation to other port improvement projects

• Changes severability language from "nonseverable" to "severable," ensuring invalid provisions do not invalidate the entire act