Section 620.1025

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS

Chapter 620

Effective - 28 Aug 1994   

  620.1025.  Director, duties. — The director of the department of economic development shall:

  (1)  Review requests for assistance submitted by Missouri companies, including those in financial difficulty and in danger of closing;

  (2)  Determine which companies that submit requests could be helped by a plan developed by a team;

  (3)  Select the members of a team.  The members shall be composed of persons with knowledge and experience in a field which is, as nearly as possible, similar to the business.  The members shall be:

  (a)  Experienced corporate managers on loan from successful businesses;

  (b)  Specialists, from businesses or institutions of higher education, in areas of finance, business modernization, manufacturing, engineering, law or marketing;

  (c)  Successful retired business executives; and

  (d)  Government officials;

  (4)  Supply to a team such professional, technical, legal, stenographic and clerical help as may be necessary for it to perform its duties.

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(L. 1993 H.B. 566 § 3, A.L. 1994 H.B. 1248 & 1048)