HCS HB 144 -- EXHIBITION CENTER AND RECREATIONAL DISTRICT ACT
(Cooper, 155)

This substitute creates the Exhibition Center and Recreational
Facility District Act, which allows residents of Camden, Miller,
Morgan, Buchanan, Jefferson, Jasper, and Newton counties to
request by petition that an exhibition center and recreational
facility district be created.  The substitute requires that at
least 50 property owners sign the petition.  The petition must
include the names and addresses of petitioners and the location
of their property, a map and specific description of the
boundaries of the proposed district, and the name of the proposed
district.

The substitute also allows Boone County to create an exhibition
center and recreational facility district.  All property owners
within the proposed Boone County district must sign the petition.
The governing body of each county included in the district can
approve the creation of the district by resolution.  However, the
district will not be established until after a public hearing is
held and each county within the proposed district adopts an order
establishing the district.  In Boone County, unanimous approval
of the order establishing the district is required of all
property owners within the district.

A board of trustees is created to administer the district and all
revenue received by the district.  The board will have no more
than 12 members.  The substitute specifies how the trustees will
be selected and the powers of the board.  The board will be able
to issue bonds secured by all of the property and income of the
district.

The substitute allows the district to submit to voters within the
district a sales tax of up to 0.5% on all sales within the
district.  The revenue from this tax will be deposited into the
Exhibition Center and Recreational Facility District Sales Tax
Trust Fund which the substitute establishes.  The revenue
collected from this tax will fund the exhibition center and
recreational facilities.  Twenty-five years from its effective
date, this tax will reduce to a rate of 0.1% unless voters in the
district approve an extension at the rate of 0.5%.  Extensions of
the sales tax cannot be for more than 20 years.  This tax cannot
be abolished or terminated if the district has outstanding debts
or obligations.  In Boone County, if no registered voters live
within the proposed district, the proposed sales tax and
extensions would be submitted to the voters in the county.

The substitute contains an emergency clause.

FISCAL NOTE:  Estimated Net Income to General Revenue Fund of $0
or Unknown in FY 2004, FY 2005, and FY 2006.  Estimated Net
Effect to the Exhibition Center and Recreational Facility
District Sales Tax Trust Fund of $0 in FY 2004, FY 2005, and FY
2006.

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