Gov. Nixon Signs Missouri Science Incentives

5 years 2 months 3 weeks ago October 21, 2011 Oct 21, 2011 Friday, October 21 2011 Friday, October 21, 2011 7:19:00 PM CDT in News
By: Associated Press

JEFFERSON CITY, Mo. (AP) -- Missouri Gov. Jay Nixon plans to implement a new law directing state revenues to science and technology companies despite a provision that appears to make the law invalid.

Nixon signed legislation Friday creating a fund to offer incentives to companies that conduct research or make products related to agricultural biotechnology, homeland security, information technology, pharmaceuticals and a variety of other high-tech fields.

The legislation contains a contingency clause making it effective only if a separate economic development bill also passes during a special legislative session.

That has not happened. But Nixon says he will take steps to implement the law anyway.

The governor says a court may have to decide if the contingency clause can actually invalidate the law.

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