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Missouri Revised Statutes Title VII. Cities, Towns and Villages § 99.1006. Rural Economic Stimulus Authority authorized, limitations

Current as of January 01, 2025 | Updated by Findlaw Staff

Each municipality may create an authority to be known as a “Rural Economic Stimulus Authority”; provided, however:

(1) No such authority shall transact any business or exercise its powers pursuant to sections 99.1000 to 99.1060 until and unless the governing body of such municipality shall, in accordance with subsection 1 of section 99.1033, approve, by ordinance, the exercise of the powers, functions, and duties of an authority under sections 99.1000 to 99.1060;

(2) No governing body of a municipality shall adopt an ordinance pursuant to subdivision (1) of this section unless it finds:

(a) That it would be in the interest of the public to consider the establishment of a development area in accordance with sections 99.1000 to 99.1060; and

(b) That the development of such a development area would be in the interest of the public health, safety, morals, or welfare of the residents of such municipality.

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Cite this article: FindLaw.com - Missouri Revised Statutes Title VII. Cities, Towns and Villages § 99.1006. Rural Economic Stimulus Authority authorized, limitations - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-vii-cities-towns-and-villages/mo-rev-st-99-1006/

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