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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Prior to exercising any of the remedies under this section, the commission shall provide notice of a material default and the opportunity to cure the default for the benefit of the private partner and any persons specified under the comprehensive agreement as providing financing for the project.
2. Upon the occurrence of and during the continuation of any material default, the commission may exercise any or all of the following remedies:
(1) Make or cause to be made any appropriate claims under the bonds required in section 227.633;
(2) By notice to the private partner by certified mail, terminate the comprehensive agreement and exercise any other rights and remedies which may be available to the commission at law or in equity;
(3) Condemn under chapter 523 any real property interest of the private partner in the project. Any person who provides financing for the project, to the extent of such person's capital investment, may participate in the condemnation proceedings with standing of a property owner;
(4) Collect and enforce user fees for the use of the project under section 227.660.
Cite this article: FindLaw.com - Missouri Revised Statutes Title XIV. Roads and Waterways § 227.666. Notice of material default and opportunity to cure--remedies - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xiv-roads-and-waterways/mo-rev-st-227-666/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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