HB 351 -- INDUSTRIAL DEVELOPMENT CORPORATIONS

CO-SPONSORS:  Quinn, Shoemaker (8), May, Seigfreid, Wright,
Sander, Cunningham (145)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Local Government by a vote of 13 to 0.

Current law requires that any member of the board of directors of
an industrial development corporation be a registered voter and,
for at least five years, a taxpayer in the county or city.  This
bill makes these requirements optional for industrial development
corporations located wholly within third or fourth classification
counties.  It also lowers the number of years directors must be
resident taxpayers from five years to one year.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that people outside cities are often
active in municipalities and want to serve on industrial
development boards.  These individuals often work in the city and
are very qualified to serve.  The bill gives city leaders a
broader pool of qualified individuals to choose from when
appointing an industrial development board.

Testifying for the bill were Representative Quinn; Brookfield
Industrial Development Authority; and Missouri Municipal League.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am