HCS SS SCS SB 825 -- KANSAS AND MISSOURI REGIONAL INVESTMENT
DISTRICT COMPACT

This bill establishes the Regional Investment District Compact
between the states of Missouri and Kansas to provide regional
programs and initiatives that will produce significant benefits
to the Kansas City metropolitan area by efficiently using
resources related to public transportation.

The legislatures of Kansas and Missouri must both enter into the
compact.  The compact will include the counties of Buchanan,
Clay, Platte, Jackson, Cass, and Ray in Missouri and the counties
of Wyandotte, Johnson, and Leavenworth in Kansas.  Other cities,
counties, and political subdivisions can join the compact.

The bill:

(1)  Specifies the membership, duties, and powers of the
commission which will govern the regional investment district and
the oversight committee;

(2)  Specifies the purposes for which the tax revenue may be
spent;

(3)  Specifies the requirements of the program plan which
describes the regional program and authorizes the appropriation
of revenue received from the sales tax authorized by the compact;

(4)  Authorizes the governing body of each participating county
to levy a sales tax, upon voter approval, of up to 0.5%.  The
sales tax cannot be in effect for more than 15 years unless it is
renewed by the qualified voters of the county prior to its
expiration.  However, before this sales tax can be levied in any
county, it must first receive voter approval in Jackson County in
Missouri and Johnson and Wyandotte counties in Kansas;

(5)  Requires the commission to submit an annual report on its
operations and transactions during the preceding year to the
legislatures and governors of Missouri and Kansas and the
governing bodies of all jurisdictions that participate in the
compact.  The report must be submitted by March 15 and must
include an audit performed by a certified or licensed public
accountant;

(6)  Prohibits the commission and the committee from incurring
debt of any kind or from pledging the credit of the Mid-America
Regional Council, the State of Missouri, the State of Kansas, or
any other jurisdiction that is a party to the council's articles
of agreement;

(7)  Establishes the Regional Investment Fund in the State
Treasury.  All additional sales tax revenue from the
participating counties will be collected by the Department of
Revenue and deposited into the fund;

(8)  Prohibits revenue from the sales tax from being allocated to
any tax increment financing project; and

(9)  Allows Missouri counties to participate in the compact if,
by July 1, 2007, Kansas has not authorized its counties to
participate.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:46 am