HOUSE BILL NO. 3374 103RD GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE EALY.
7331H.01I JOSEPH ENGLER, Chief Clerk
AN ACT To amend chapter 68, RSMo, by adding thereto one new section relating to uses for port authority developments.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 68, RSMo, is amended by adding thereto one new section, to be 2 known as section 68.330, to read as follows: 68.330. 1. A covenant agreement for incentivized development under this 2 chapter that is supported by bonds, leases, payments in lieu of taxes, or exemptions shall 3 include a provision prohibiting use of the facilities for detention, corrections, or civil 4 confinement for a period of three years from the date of the agreement. 5 2. The provisions of subsection 1 of this section shall not apply if the following 6 entities agree to an exemption: 7 (1) The port authority board, in a public hearing; 8 (2) The governing body of the municipality in which the port authority facility is 9 located; and 10 (3) The governing bodies of a majority of affected taxing jurisdictions. 11 3. A violation of subsection 1 of this section without meeting the requirements for 12 exemption under subsection 2 of this section shall result in: 13 (1) Automatic termination of any incentives; 14 (2) A clawback equal to the value of incentives already realized; and
EXPLANATION — Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is intended to be omitted from the law. Matter in bold-face type in the above bill is proposed language. HB 3374 2
15 (3) Liquidated damages payable to the taxing jurisdictions, if ordered by a court 16 of competent jurisdiction. ✔
Statutes affected: