Land Use & Zoning
Missouri's 'Chapter 100 bonds' (Industrial Revenue Bonds) are used to:
AFund residential mortgages
BFinance industrial and commercial development through tax-exempt bonds, often with property tax abatement✓ Correct
CProvide MREC operating funds
DSupport agricultural land preservation
Explanation
Missouri Chapter 100 Industrial Revenue Bonds allow municipalities to issue tax-exempt bonds to finance industrial/commercial facilities. The property is held by the municipality during the bond period (often with property tax abatement) to attract business investment.
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