MO HJR25

Submits to Missouri voters a constitutional amendment to article VI, section 26(b) for consideration at the general election on Tuesday following the first Monday in November 2012 or at a special election called by the governor

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

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

Requires four-sevenths voter approval for bond elections held on general municipal election day, primary elections, or general elections, and two-thirds approval for all other elections