Missouri HB3372 amends the state's port authority laws to require specific provisions in development agreements with the federal government.
Missouri HB3372 amends Chapter 68 of the Revised Statutes of Missouri by adding a new section, 68.042, to the port authority laws. This new section mandates that development agreements between a port authority and the federal government for incentivized developments must include an immediate buyout payment, community benefit payments, and resolutions approving the agreement by the governing bodies of affected political subdivisions.
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