Modifies provisions relating to tax credits

HB 3329 restructures how Missouri administers four economic development funds: the Industrial Development and Reserve Fund, Industrial Development Guarantee Fund, Export Finance Fund, and Jobs Now Fund. It specifies eligible funding sources (like state appropriations, bond proceeds, grants, and repayments), requires funds to be kept separate from state treasury money, and mandates that $12 million annually be allocated to the Jobs Now Fund from increased state revenue. The bill directly affects businesses applying for loans or grants through these funds and economic development agencies managing them. Key provisions include rules for fund investments, separate account creation, and the board’s authority to issue revenue bonds and manage disbursements under sections 100.250-100.297.