A legislative committee on administrative rules "disapproved" of rule changes earlier this year, he said.Members of the legislative committee could not be reached for comment on Thursday.The April audit also criticized the brownfield program for failing to require certification of actual project costs by a licensed engineer,
Titleist AP1 Sale, instead taking the developer’s word that everything was accurate.Schweich said the Department of Economic Development now requires that all project costs are certified before it will release tax credits.Missouri has issued more than $168 million in brownfield tax credits since the start of 2003. The audit found that in 10 brownfield projects reviewed,
Titleist Vokey Sale, only one created the number of jobs indicated in the application used by the Department of Economic Development to determine the economic benefit. For those 10 projects, developers had projected about 2,
Titleist CB Sale,500 jobs would be created, but only 116 full time and 322 part time jobs were actually created.Schweich said after the audit,
Titleist 913 Sale, the Department of Economic Development included provisions that would allow it to recoup tax incentives if redevelopment projects fail to create the number of jobs promised by developers.The Legislature also missed several opportunities to establish cost containment provisions with the brownfield tax credit and other tax credit programs, Schweich said, failing to pass laws establishing per project cost caps and a sunset provision on the brownfield tax credit program..