MO HB777

Transportation development districts that fail to timely submit annual financial statements to the state auditor face fines up to $500 per day, collected by the Department of Revenue through sales tax distribution offsets

Districts must be notified by certified mail of violations and given 30 days to submit the statement or request a hearing before the administrative hearing commission; submitting within 30 days waives the fine

Districts with gross revenues under $1,000 annually are exempt from the fine provisions

Districts formed before August 28, 2015 must notify the state auditor of their formation date and board contact information by December 31, 2015; districts formed after must notify within four months of court approval

Petition audits of transportation districts by the state auditor must be paid by the district, with costs capped at 3% of gross revenues or expenditures, whichever is greater