620.1300. Cost benefit analysis on certain programs, selection of analyzing firm, distribution of analysis--subjects analyzed.

MISSOURI STATUTES AND CODES

620.1300. Cost benefit analysis on certain programs, selection of analyzing firm, distribution of analysis--subjects analyzed.

Cost benefit analysis on certain programs, selection of analyzingfirm, distribution of analysis--subjects analyzed.

620.1300. A cost benefit analysis shall be prepared to evaluate theeffectiveness of all tax credit programs, as defined by section 135.800,RSMo, and all programs operated by the department of economic developmentfor which the department approves tax credits, loans, loan guarantees, orgrants. Each analysis shall be conducted by the state auditor, and shallinclude, but not be limited to, the costs for each program, the directstate and indirect state benefits and the direct local and indirect localbenefits associated with each program, the safeguards to protectnoneconomic influences in the award of programs administered by thedepartment, and the likelihood of the economic activity taking placewithout the program. The result of each analysis shall be published anddistributed, by January 1, 2001, and at least every four years thereafter,to the governor, the speaker of the house of representatives, the presidentpro tem of the senate, the chairman of the house budget committee, thechairman of the senate appropriations committee, the joint committee on taxpolicy, and the joint committee on economic development policy andplanning.