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MO HJR84
Joint Resolution
Status
1/25/2010
Primary Sponsor
Joe Aull
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AI Summary
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Submits to Missouri voters a constitutional amendment to be decided at the general election on Tuesday following the first Monday in November 2010, or at a special election called by the governor
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Repeals and replaces Section 26(b) of Article VI of the Missouri Constitution regarding bonded indebtedness limits for political subdivisions
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Increases the maximum bonded indebtedness limit for school districts from 15 percent to 20 percent of the value of taxable tangible property in the district
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Maintains the 5 percent bonded indebtedness limit for counties, cities, incorporated towns, villages, and other political subdivisions
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Requires four-sevenths voter approval for indebtedness votes at general municipal election days, primaries, or general elections, and two-thirds approval at all other elections
Legislative Description
Proposes a constitutional amendment raising the allowable level of bonded indebtedness for a school district from 15% to 20% of the value of taxable tangible property in the district
Last Action
Referred: Elementary and Secondary Education (H)
5/14/2010