100.296. Application of provisions of other sections--state and local records laws--meetings of governmental bodies--conflict of interest or lobbying--prohibited loans--notifications of certain campai - Missouri Statutes

Application of provisions of other sections--state and local recordslaws--meetings of governmental bodies--conflict of interest orlobbying--prohibited loans--notifications of certain campaigncontributions.

100.296. 1. Except as provided in section 620.014, RSMo, sections100.250 to 100.297 shall be subject to the provisions of sections 109.200to 109.310, RSMo, the state and local records law, or the provisions ofsections 610.010 to 610.030, RSMo, relating to the meetings of governmentalbodies, and a member appointed pursuant to section 100.265 shall be exemptfrom the provisions of chapter 105, RSMo, provided that the member shallnot vote or participate in any matter in which the member has a direct orindirect interest. For the purposes of sections 100.250 to 100.297, a"direct or indirect interest" means the ownership of ten percent or more ofany class of equity securities in any corporation seeking a guaranteepursuant to the provisions of sections 100.250 to 100.297, occupying theoffice of vice president or other office senior to the office of vicepresident, or a director, of any corporation seeking a guarantee pursuantto the provisions of sections 100.250 to 100.297; provided, nothingcontained in sections 100.250 to 100.297, nor the provisions of chapter105, RSMo, shall prevent any corporation, bank, or trust company frompurchasing, selling, or otherwise dealing in bonds or notes or mortgagesguaranteed pursuant to the provisions of sections 100.250 to 100.297. Thedevelopment and reserve fund may be pledged to secure loans made through aparticipating lender with which a member of the board is affiliated so longas the member does not participate in or attempt to influence the approvalof any such loan.

2. The board shall not knowingly extend or secure a loan or grant atax credit to, or issue any bonds or enter into any other agreement with oron behalf of any business entity in which a board member, statewide electedofficial, state legislator or employee of this state has a substantialinterest as defined in section 105.450, RSMo.

3. The board shall not knowingly extend or secure a loan or grant atax credit to, or issue any bonds or enter into any other agreement with oron behalf of any business entity until each officer of the business entityhas notified the board of all campaign contributions such officer has madewithin the previous two years, to the extent such contributions are nototherwise reportable by the recipient, pursuant to the provisions ofchapter 130, RSMo. For the purposes of this section, "an officer" means aperson who is employed by the business entity in a policy-making capacityand whose name is listed in the business entity's articles of incorporationfiled with the secretary of state.

(L. 1985 H.B. 416, A.L. 1986 S.B. 731, A.L. 1994 H.B. 1248 & 1048, A.L. 1995 H.B. 414, A.L. 1996 H.B. 1237, A.L. 1997 2d Ex. Sess. S.B. 1)

Effective 12-23-97