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MO SB68

Bill

Status

Passed

6/30/2015

Primary Sponsor

Gary Romine

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Amends Section 349.045, RSMo, governing boards of directors for industrial development corporations in Missouri

  • Expands eligibility for directors in first classification counties with 65,000-75,000 inhabitants to include qualified taxpayers and registered voters of the county, not just the municipality

  • Requires all directors to be resident taxpayers for at least one year prior to appointment, serve without compensation (except expense reimbursement), and cannot be county or municipality officers or employees

  • Maintains minimum board size of five directors with staggered terms of 2, 4, and 6 years for initial appointments

  • Creates special provisions for third classification counties without township government and with 10,400-10,500 inhabitants, requiring elected directors with at least one per township

Legislative Description

Provides that directors of industrial development corporations in St. Francois County may be taxpayers and registered voters in the county

Last Action

Signed by Governor

6/30/2015

Committee Referrals

Select Committee on State and Local Governments4/14/2015
Local Government3/31/2015
Jobs, Economic Development And Local Government1/22/2015

Full Bill Text

No bill text available