The Missouri Development Finance Board (the “Board”) is authorized by Section 100.286.6 of the Missouri Statutes (the “Tax Credit Statute”) to grant a tax credit equal to 50% on the value of any eligible contribution to the Board by any taxpayer. To be eligible for the credit, the contribution must be made to one of three funds established by the Board’s statutes: the Industrial Development and Reserve Fund, the Infrastructure Development Fund, or the Export Finance Fund.

Sec. 100.010 to 100.200, RSMo allows cities or counties to purchase or constructcertain types of projects with bond proceeds and to lease or sell the project to acompany. These “industrial development” bonds may be issued either asa “revenue” bond or a general obligation bond.