MO HJR65

Submits to Missouri voters a constitutional amendment to modify section 26(b) of article VI regarding school district bonded indebtedness limits

Raises the maximum bonded indebtedness for school districts from 15 percent to 20 percent of the value of taxable tangible property within the district

Maintains the existing 5 percent bonded indebtedness limit for counties, cities, incorporated towns, villages, and other political subdivisions

Requires four-sevenths voter approval at general municipal, primary, or general elections, and two-thirds approval at all other elections to incur bonded debt

Scheduled for submission to qualified Missouri voters at the general election on Tuesday following the first Monday in November 2010, or at a special election called by the governor