Bill > SB1146

This bill modifies provisions related to port authorities in Missouri by updating various sections of state law. Key changes include allowing port authorities to cooperate with private entities and individuals, expanding their powers to include mortgaging and encumbering property, and establishing a new category of "port rangers" to assist in maintaining order on port authority property and adjacent public streets, provided they meet specific training requirements. The bill also adjusts the threshold for competitive bidding on expenditures to seventy-five thousand dollars and clarifies the process for approving port authorities and regional port authorities. Additionally, it introduces provisions for "Advanced Industrial Manufacturing Zones" (AIM zones) that allow for the retention of state tax withholdings on new jobs to fund further development, and it revises the consent requirements for establishing port improvement districts, lowering the percentage of property owner consent needed. Finally, the bill clarifies that records related to business negotiations by port authorities can be considered closed records, protecting sensitive business information.

Transportation and Infrastructure

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=618