Effective 28 Aug 2007
251.610. Powers of the board. — The ordinances or mutual agreements which establish the district shall specify the powers of the board. The powers of the board shall not include the power of eminent domain. The powers of the board may include, but shall not be limited to, the following:
(1) Adoption of bylaws, rules and regulations for the conduct of its business;
(2) Maintenance of a principal office;
(3) The ability to sue and be sued;
(4) The creation of a regional economic development plan for a regional economic development district;
(5) The making and executing of leases, contracts, and other instruments necessary to exercise its powers;
(6) Contracting with cities and counties for services, and with firms, corporations, persons, and governmental agencies in the necessary performance of its duties;
(7) The employment of personnel;
(8) Application for and acceptance of local and federal grants and appropriations;
(9) Performance of site improvements within the regional economic development area;
(10) Entering into lease or lease-purchase agreements for any real or personal property necessary or convenient for the purposes of the regional economic development district;
(11) Borrowing money for regional economic development district purposes at such rates of interest as the district may determine;
(12) Issuance of bonds, notes, and other obligations, which may be secured by mortgage, pledge, assignment, or deed of trust of any or all of the property and income of the regional economic development district, subject to any restrictions provided in the regional economic development district law; except that the district shall not mortgage, pledge, or give a deed of trust on any real property or interests which it acquired from the state of Missouri or any agency or political subdivision thereof without the written consent of the state, agency or political subdivision from which it obtained the property;
(13) Submission of a regional economic development sales tax to district voters as provided in section 251.615; and
(14) Adoption of incremental tax financing as provided in section 251.618.
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(L. 2007 H.B. 741)
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