MO HB1293

Repeals and reenacts Section 99.825, RSMo, governing procedures for adoption of redevelopment area ordinances and redevelopment plans.

Requires commissions to hold public hearings and notify all taxing districts before adopting redevelopment ordinances, with opportunity for interested persons and affected taxing districts to file objections and testify.

Allows changes to redevelopment plans after public hearing without further hearing if changes do not enlarge exterior boundaries or substantially affect land uses, with 10-day notice to affected taxing districts.

In specified charter counties (over 950,000 inhabitants; 300,000-450,000 inhabitants; 200,000-350,000 inhabitants) and their municipalities, effective August 28, 2014, redevelopment projects require majority commission approval instead of two-thirds municipal governing body vote.

Restricts tax increment financing in economic development areas to infrastructure projects (highways, roads, streets, bridges, sewers, water systems, sidewalks) and prohibits funding for buildings.