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MO HB1304

Bill

Official Source

Status

Introduced

1/12/2012

Primary Sponsor

Chris Kelly

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends Chapter 67 of Missouri Revised Statutes by adding Section 67.102 regarding bond issuance by political subdivisions
  • Prohibits political subdivisions from issuing bonds without voter approval, except when repayment comes solely from revenue generated by the project
  • Prohibits repayment guarantees from appropriations or future appropriations by the political subdivision unless voters approve
  • Applies to all indebtedness incurred through bond issuance by any political subdivision

Legislative Description

Prohibits any political subdivision from incurring any indebtedness through the issuance of a bond unless it has been approved by the voters

Last Action

Public Hearing Completed (H)

2/27/2012

Full Bill Text

No bill text available