HB 40 -- INDUSTRIAL DEVELOPMENT CORPORATIONS

SPONSOR:  Tilley

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Local Government by a vote of 16 to 0.

Currently, members of the board of directors in industrial
development corporations formed by municipalities in second
classification counties must be voters and taxpayers in the
municipality.  This bill eliminates that requirement and allows
the members to be voters and taxpayers in the county in which the
municipality is located.

The bill contains an emergency clause.

FISCAL NOTE:  No impact on state funds in FY 2006, FY 2007, and
FY 2008.

PROPONENTS:  Supporters say that finding qualified personnel in
more sparsely populated areas can be challenging, and the bill
will help to alleviate that problem.

Testifying for the bill were Representative Tilley; Farmington
Industrial Development Authority; City of Farmington; and
Missouri Municipal League.

Julie Jinkens McNitt, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:17 pm