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Can I collect financial information from participants in Missouri? What are the requirements?

To collect financial information from participants in Missouri, the requirements depend on the specific program or license in question. Here are some examples:

Class D Licenses

If you are applying for a Class D license, you must disclose your financial projections for the development period and for the conducting of the race meets. The disclosure must include separate schedules based on the number of racing days and the types of pari-mutuel wagering, and must include various assumptions and support for them, as well as projected profit and loss elements and cash flow. The applicant must also disclose an accountant’s report of the financial projections [1.1][1.2].

MOST 529 Matching Grant Program

If you are applying for the MOST 529 Matching Grant Program, you must meet certain eligibility guidelines, including that the beneficiary must be a Missouri resident, the beneficiary may not be older than thirteen (13) years of age at the time the first MOST matching grant application is approved, and the household adjusted gross income of the parent(s) or legal guardian(s) of the beneficiary in the year prior to applying for a MOST matching grant may not exceed seventy-four thousand nine hundred ninety-nine dollars ($74,999). The applicant must also have opened a plan account for the intended beneficiary and must enclose with the MOST matching grant application a Missouri state income tax return establishing that the beneficiary’s household adjusted gross income falls within the eligibility requirements [2.1].

Missouri Empowerment Scholarship Accounts Program

If you are participating in the Missouri Empowerment Scholarship Accounts Program, the treasurer and educational assistance organizations are required to provide necessary information to the Department of Elementary and Secondary Education (DESE) to allow federal and state aid to continue to the school in the qualified student’s resident school district previously attended. An educational assistance organization shall provide all approved eligible student applications to DESE within forty-five (45) days of approval [2.2].

Based on the context documents, it appears that the requirements for collecting financial information from participants in Missouri depend on the specific program or license in question. If you have a specific program or license in mind, please provide more information so that I can provide a more tailored response.

Source(s):
Jurisdiction

Missouri