Section 32 Penalties

• Library: Environmental Law 2002 Supp Replacement chs

Section 447.716, RSMo 2000, provides for certain penalties for the breach of or failure to perform agreements under the law. If the purchaser breaches an agreement or improperly uses the funds issued, the applicant must immediately repay the funds together with interest and a ten percent penalty. In addition, any guarantees, tax credits, exemptions, releases, and immunities are withdrawn, and liability may be assessed against the purchaser. Similarly, the same penalties may be invoked if the purchaser...