Missouri Revised Statutes













Chapter 68

Port Authorities

←68.235

Section 68.240.1

68.245→

August 28, 2015

County collector's and treasurer's duties--use of moneys upon expiration of tax.

68.240. 1. The county collector of each county in which the district

is located, or the collector for the city in which the district is located

if the district is located in a city not within a county, shall collect the

real property tax made upon all real property within that county and

district, in the same manner as other real property taxes are collected.



2. Every county or municipal collector and treasurer having collected

or received district real property taxes shall, on or before the fifteenth

day of each month and after deducting the reasonable and actual cost of

such collection but not to exceed one percent of the total amount

collected, remit to the port authority the amount collected or received by

the port authority prior to the first day of such month. Upon receipt of

such money, the port authority shall execute a receipt therefor, which

shall be forwarded or delivered to the county collector or city treasurer

who collected such money. The port authority shall deposit such sums which

are designated for a specific project into a special trust fund to be

expended solely for such purpose, or to the port authority treasury if such

sums are not designated. The county or municipal collector or treasurer

and port authority shall make final settlement of the port authority

account and costs owing, not less than once each year, if necessary.



3. The port authority shall repeal by resolution the continuation of

any real property tax imposed pursuant to section 68.235 when all

obligations of the port improvement project have been met, unless the real

property tax in any way secures outstanding obligations of the port

improvement project or covers ongoing expenses the port authority has

incurred to pay qualified project costs of any of the approved port

improvement project.



4. Upon the expiration or termination of any real property tax

adopted pursuant to this section which is designated for a specific

project, all funds remaining in the special trust fund shall continue to be

used solely for the specific purpose designated in the ballot adopted by

the qualified voters. Any remaining funds in such special trust fund which

exceed any remaining obligations of the port improvement project and are

not needed to cover ongoing expenses shall be refunded pro rata to the

property owners.



(L. 2010 S.B. 578, A.L. 2013 S.B. 257)





2010



2010



68.240. 1. The county collector of each county in which the district

is located, or the collector for the city in which the district is located

if the district is located in a city not within a county, shall collect the

real property tax made upon all real property within that county and

district, in the same manner as other real property taxes are collected.



2. Every county or municipal collector and treasurer having collected

or received district real property taxes shall, on or before the fifteenth

day of each month and after deducting the reasonable and actual cost of

such collection but not to exceed one percent of the total amount

collected, remit to the port authority the amount collected or received by

the port authority prior to the first day of such month. Upon receipt of

such money, the port authority shall execute a receipt therefor, which

shall be forwarded or delivered to the county collector or city treasurer

who collected such money. The port authority shall deposit such sums which

are designated for a specific project into a special trust fund to be

expended solely for such purpose, or to the port authority treasury if such

sums are not designated. The county or municipal collector or treasurer

and port authority shall make final settlement of the port authority

account and costs owing, not less than once each year, if necessary.



3. Upon the expiration of any real property tax adopted pursuant to

this section which is designated for a specific project, all funds

remaining in the special trust fund shall continue to be used solely for

the specific purpose designated in the ballot adopted by the qualified

voters. Any funds in such special trust fund which are not needed for

current expenditures may be invested by the port authority pursuant to

applicable laws relating to the investment of other port authority funds

and the port authority may use such funds for other approved port

improvement projects.



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