§ 100.105 — Municipality to file annual report on bond issuances with department, content.

Missouri § 100.105

• Jurisdiction: Missouri
• Title VII: CITIES, TOWNS AND VILLAGES
• Ch. 100: Industrial Development

Text

No later than January thirty-first of each year, the municipality shall file a report with the department of economic development on the previous year's revenue bond issuances and general obligation bond issuances, which report shall contain only the following information:

(1)  The name, address, spokesperson, and telephone number of the issuing entity;

(2)  The name, address, age, and type of business of the beneficiary firm;

(3)  The amount, term, interest rate or rates, and date of issuance of the bonds issued;

(4)  The name and address of the underwriter, if any, of such bonds;

(5)  The name and address of the guarantor, if any;

(6)  The size, by assets and previous year's sales, and the current number of employees, of the beneficiary firm;

(7)  A copy of the preliminary official statement used when offering the bonds for sale;

(8)  The estimated number of new jobs to be generated by the proposed project;

(9)  A list of the use of bond proceeds, including whether the purpose of the project and the funds generated by the issuance of such bonds is to open a new business, build a branch plant, expand an existing facility, or acquire an existing business together with a general description of the real property or personal property purchased by or on behalf of the municipality with such proceeds; and

(10)  The estimated total cost of the project.

Legislative History

(L. 1983 S.B. 316, A.L. 2003 H.B. 289)