ALLOCATING THE STATE CEILING FOR QUALIFIED
MORTGAGE SUBSIDY BONDS
WHEREAS, the "Mortgage Subsidy Bond Tax Act of 1980" (26 USC 103A) was enacted by the 96th Congress of the United States of America; and
WHEREAS, said Act establishes statewide ceilings with respect to the amount of qualified mortgage bonds that can be issued each year; and
WHEREAS, said Act establishes a complex formula for allocating the ceiling within a state, but allows for interim override of such provisions by the governor of any state; and
WHEREAS, the provisions of the allocation formula under said Act are unworkable for the State of Missouri; and
WHEREAS, the Governor of each state is given authority under said Act to establish a different allocation formula,
NOW, THEREFORE, pursuant to the authority vested in me as Governor of the State of Missouri, I hereby establish the following process for allocating the state ceiling of qualified mortgage bonds among the governmental units of the State of Missouri:
- Allocation for Calendar Year 1981
The following provisions shall apply to qualified mortgage subsidy bonds issued before January 1, 1982
The calendar year 1981 ceiling for any city or county of the State of Missouri (hereinafter referred to as the "State") authorized to issue housing bonds pursuant to the provisions of RSMo. Section 108.450 et seq., as amended, shall be determined by the Director of the Department of Consumer Affairs, Regulation and Licensing pursuant to an application process described in (2). The aggregate principal amount of qualified mortgage subsidy bonds which may be issued by cities and counties of the State in calendar year 1981 shall not in the aggregate exceed one-half of the State ceiling for calendar year 1981. The remaining one-half of the State ceiling for calendar year 1981 shall be allocated to the Missouri Housing Development Commission.
(2) Application to Department of Consumer Affairs, Regulation and Licensing
The governing body of any city or county of the State authorized to issue housing bonds pursuant to RSMo. Section 108.450 et seq., as amended, shall (1) adopt a preliminary resolution evidencing its intent to issue qualified mortgage subsidy bonds and specifying the aggregate principal amount of such bonds it proposes to issue in calendar year 1981, and (2) submit a certified copy of such resoltuion to the Director of the Department of Consumer Affairs, Regulation and Licensing (hereinafter referred to as the "Director") , who shall within five (5) business days of the receipt of such resolution either (i) approve the proposed aggregate principal amount of such issue in its entirety, (ii) approve a reduced aggregate principal amount of such issue, or (iii) disapprove the proposed aggregate principal amount of such issue in its entirety. The Director shall approve the entire proposed aggregate principal amount specified in such a preliminary resolution, on a first-come, first-served basis, if such amounts when added to other city and county allocations approved prior to the date of receipt of such resolution, will not cause the total aggregate principal amount of qualified mortgage subsidy bonds to exceed one-half of the State ceiling for calendar year 1981. The Director shall consider all such resolutions in order of receipt and shall approve a reduced allocation in its entirety only to ensure that the total allocations to all cities and counties authorized to issue housing bonds does not exceed one-half of the State ceiling for calendar year 1981.
- Allocation for Calendar Years After 1981
The following provisions shall apply to qualified mortgage subsidy bonds issued on or after January 1, 1982.
The ceiling for any city or county of the State authorized to issue housing bonds pursuant to the provisions of RSMo. Section 108.450 et seq., as amended, for each calendar year after 1981, is an amount to be determined by the Director of the Department of Consumer Affairs, Regulation and Licensing. The aggregate principal amount of qualified mortgage subsidy bonds which may be issued by cities and counties of the State in each calendar year shall not, in the aggregate, exceed one-half of the State ceiling for such calendar year. The remaining one-half of the State ceiling for each calendar year after 1981 shall be allocated to the Missouri Housing Development Commission.
(2) Application to the Department of Consumer Affairs, Regulation and Licensing
The governing body of any county or city of the State authorized to issue housing bonds pursuant to RSMo. Section 108.450 et seq., as amended, shall (1) adopt a preliminary resolution evidencing its intent to issue qualified mortgage subsidy bonds and specifying the aggregate principal amount of such bonds it proposes to issue in the then current calendar year, and (2) submit a certified copy of such resolution to the Director. Within a reasonable period of time, the Director shall either (i) approve the proposed aggregate principal amount of such issue in its entirety, (ii) approve a reduced aggregate principal amount of such issue, or (iii) disapprove the proposed aggregate principal amount of such issue in its entirety.
The Director shall consider the following factors in making an allocation of qualified mortgage subsidy bonds among cities and counties which submit such resolutions:
(a) The extent to which the proposed bond issue will promote the housing and economic development objectives of the State;
(b) The probability, based on market conditions, financial commitment to the proposed bond issue by a city or county, and other factors that substantially all of the proposed bonds will be issued within 60 days from the date of receipt of the preliminary resolution; the Director shall base such probability in market condition analysis on documentation provided by the eligible city or county's underwriter or financial advisor;
If qualified mortgage subsidy bonds are not issued within sixty (60) days of the date upon which the Director approves an allocation to a city or county, such allocation shall be deemed to have expired and the Director may reallocate such bonds to another city or county; provided, that, prior to such expiration, the Director may extend the period within which bonds must be issued beyond sixty (60) days if good cause exists for such extension. If as of September 30 of any calendar year after 1981 a portion of the State's share of the State's ceiling amount or a portion of the Missouri Housing Development Commission's share of teh State's ceiling amount remains unallocated and unissued, then the Director of the Department of Consumer Affairs, Regulation and Licensing may accept applications from eligible cities and counties for subsequent issues. The applications will be considered as prescribed under B.(2).
If two or more cities and/or counties of the State authorized to issue housing bonds pursuant to RSMo. Section 108.450 et seq., as amended, which have received approval for the issuance of qualified mortgage subsidy bonds pursuant to this Executive Order, desire to jointly issue such bonds to RSMo. Section 108.450, as amended, the proceeds of such issue shall be used as determined by written agreement between or among such cities and/or counties.
This Executive Order shall continue in full force and effect until the General Assembly enacts legislation with respect to the subject matter hereof.
IN WITNESS WHEREOF: I have hereunto set my hand and caused to be affixed the Great Seal of the State of Missouri, in the City of Jefferson on the 30th of December,1981.
[Christopher S. Bond's signature]
[James Kirkpatrick's signature]
SECRETARY OF STATE
STATE OF MISSOURI TRAINING POLICY
The primary objectives of training and employee development programs in state government are to achieve a continuing high level of work productivity, efficient management and effective services to individual citizens of the State, and to enhance opportunities for career growth of state employees.
Management personnel at all levels of state government will give full encouragement and support to the orderly development of practical training programs to achieve these objectives. Each department will seek ways to integrate training efforts with other improvement processes to strengthen its overall management effectiveness.
RESPONSIBILITY FOR TRAINING
Each department has primary responsibility for determining training needs and for planning, developing, conducting and evaluating training activities within the department and this responsibility will be discharged in a manner consistent with the provisions of this state training policy. The Personnel Division of the Office of Administration has general responsibility for development and implementation of central training programs in areas which are inter-departmental in nature. The Division has primary responsibility for program and standards development for supervisory and management training and for coordination of training efforts in this general area. The Division also has responsiblity to provide consultative, technical and resource support to departments as requested for their internal training activities. Each supervisor is responsible for assisting employees in the application of training on the job. Each individual employee has responsibility for effective use of the training opportunities provided and for personal self-growth and career development.
STATE TRAINING ADVISORY COUNCIL
To facilitate inter-departmental communications and cooperation, each Department head will designate a representative to serve on the State Training Advisory Council. The function of the Council will be to review training programs, and resources, assist in the planning of inter-agency programs, propose improvements in training policies and methods and seek ways to increase resource sharing and cooperation. The Director of Personnel will serve as Chair for the Council.
DEPARTMENT TRAINING POLICY STATEMENT
Each department will prepare a written statement of its own training policies consistent with this State Training Policy and the procedures and standards established thereunder.
SUPERVISORY AND MANAGEMENT DEVELOPMENT
The Personnel Division of the Office of Administration and individual departments of state government will give priority to training and staff development programs and activities which strengthen supervisory and managerial performance and capability. For purposes of coordination, departments will annually review their projection of management and supervisory training needs with the Personnel Division which will use this information to develop central programs and standards.
REQUIRED MANAGEMENT TRAINING
After consultation with departments, the Personnel Division of the Office of Administration will establish standards and rules regarding mandatory training and related preparation for supervisory and management positions and develop central programs to satisfy these standards. Departments may establish alternative training programs which meet the guidelines and standards established by the Division for the central programs. In order to enhance the skills of employees who have been or are being assigned to supervisory or management positions, departments will require participation in such training as they find appropriate considering the past experience and/or training of the employee in question.
MANAGEMENT TRAINEE PROGRAM
The Personnel Division of the Office of Administration will establish standards and procedures for a management trainee and internship program designed to attract and provide opportunity for career progression to those persons with outstanding management potential. This program shall include separate provisions for the selection and development of trainees from among the ranks of existing employees and for the recruitment and training of interns who have completed, or are in the final stages of completion of graduate college programs in management areas. Such management trainee and/or intern programs may be implemented by departments in accordance with established standards and in response to identified needs.
Each department will establish methods for periodic evaluation of each of its training courses and programs. The personnel Division of the Office of Administration in consultation with department representatives and the Commissioner of Administration will formulate guidelines for the evaluation of central inter-departmental training programs.
TRAINING COSTS AND REIMBURSEMENT
Each department will pay for training which it requires for its employees. Departments may reimburse employees for additional job-related, approved training courses according to policies and procedures issued by the Office of Administration and such departmental policies and procedures as are not in conflict therewith and which provide uniform treatment of employees.
OPPORTUNITY FOR CAREER DEVELOPMENT
Insofar as possible and consistent with training policy objectives, training programs shall assist, encourage and strengthen employee career growth and development opportunities within State government. Departments will assure that equal employment opportunity and upward mobility objectives are implemented as part of career development processes.
IMPLEMENTATION OF STATE TRAINING POLICY
Departments of State government and the Personnel Division of the Office of Administration shall establish such programs, systems, and procedures as are necessary to discharge their responsibilities under this policy and applicable rules and statutes. It is the intent that these programs and procedures reflect a maximum level of inter-departmental cooperation and coordination.
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