Bill > HB1416

This bill modifies the requirements and oversight for Community Improvement Districts (CIDs) in Missouri by establishing new provisions for district operations, reporting, and accountability. The bill requires districts to provide advance notice to municipal governing bodies before meetings, with specific timelines for both regular and emergency meetings. It mandates that districts submit a proposed annual budget to the Missouri Department of Revenue, state auditor, and municipal governing body, with specific deadlines and review procedures. The bill significantly expands reporting requirements, now requiring districts to submit a comprehensive annual report within 120 days of each fiscal year's end, including detailed information such as services provided, revenues, expenditures, meeting dates, and an affidavit of accuracy. Additionally, the state auditor is now required to calculate and publicly post a compliance grade for each district, with a district receiving a zero grade for failing to submit reports on time. The bill introduces potential consequences for non-compliant districts, including the possibility of board dissolution or district termination by the municipal governing body if a district fails to provide proper notice or achieves less than 80% compliance. If terminated, a district must cease tax collection, satisfy its debts, and return remaining funds proportionally to taxed entities.

Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB1416&year=2025&code=R