Mo. Code Regs. tit. 4 § 85-4.010
Current through Register Vol. 49, No. 24, December 16, 2024
Section 4 CSR 85-4.010 - Application ProcessPURPOSE: This rule explains the application process.
(1) Municipalities seeking state supplemental tax increment financing for a redevelopment project or plan must complete a Precertification Request Form and a Program Application, included herein.(2) A Precertification Request Form or Program Application may be submitted to Department of Economic Development (DED) at any time. Because of the state's appropriation process, however, applicants must submit a precertification request prior to September 1, for the department to support the project or plan being listed in the department's budget for Tax Increment Financing (TIF) appropriation during the next legislative session. Being listed in the budget does not mean the project is approved by the department or that the project is or will be eligible for disbursements, but only connotes that the project is not statutorily ineligible. The department will accept a Program Application for proposed projects or plans if the project or plan is included in the TIF appropriation approved by the legislature. However, being listed in the TIF appropriation by the legislature does not indicate the project or plan will be approved by the department. The municipality must complete the application process and be issued approval by the department before being eligible for disbursements. The first installment of New State Revenues (assuming any New State Revenues are available and the General Assembly appropriates such funds) will not be available until July 1 of the year in which the appropriation occurs. Click to view image
AUTHORITY: sections 99.845, RSMo Supp. 2005 and 99.865, RSMo 2000.* Original rule filed May 23, 2006, effective Dec. 30, 2006. *Original authority: 99.845, RSMo 1982, amended 1986, 1990, 1991, 1997, 1998, 2003, 2005 and 99.865, RSMo 1982, amended 1990, 1991, 1997.