SB 257 Summary

• Repeals and replaces ten sections of Missouri's Port Improvement District Act (sections 68.205, 68.210, 68.215, 68.225, 68.230, 68.235, 68.240, 68.245, 68.250, and 68.259) to restructure district establishment and funding procedures.

• Modifies consent requirements for creating port improvement districts to require written acknowledgment from property owners collectively owning more than 60% by assessed value AND more than 60% per capita, with an exception when the port authority owns all real property in the proposed district.

• Increases the notice period for public hearings on proposed districts from ten to sixty days prior to petition submission and eliminates mailing notice requirements when the port authority owns all real property in the district.

• Changes real property tax and sales and use tax approval process to permit taxation without voter approval when the port authority owns all real property within the proposed district; otherwise requires qualified voter approval by mail-in ballot.

• Clarifies that remaining tax revenues after project completion must be refunded pro-rata to property owners rather than reinvested for other projects, and makes provisions of the act severable so individual section invalidation does not invalidate the entire statute.