MO HJR77

Submits to Missouri voters a constitutional amendment to create the Fifth State Building Fund, authorizing up to $800 million in state bonds for construction and improvements.

Allocates no less than 15% of bond proceeds to public community colleges and no more than $250 million for non-higher education state buildings and facilities.

Bonds shall be retired serially within 25 years, with interest rates not exceeding the legal limit, and proceeds paid into the Fifth State Building Fund.

Requires the commissioner of administration to transfer funds monthly from the general revenue fund (after deducting public school allocations) to pay bond principal and interest, with option for direct property tax if general revenue is insufficient.

Mandates the governor develop percentage plans for minority business participation in state bond programs and employment opportunities in the state construction building plan, filed with the Missouri Minority Business Advocacy Commission.