MO HJR68

Authorizes the Missouri General Assembly to contract indebtedness and issue bonds up to $55 million for remodeling, renovation, and rebuilding buildings of higher education institutions in St. Louis City and St. Louis County.

Bonds shall be retired serially within 25 years, bear interest at legal rates, and contain a covenant preventing redemption within the first 5 years but allowing them to be callable thereafter.

Establishes the Higher Education Capital Improvement Fund to receive bond proceeds and be secured by the full faith, credit, and resources of the state of Missouri.

Requires the Commissioner of Administration to transfer necessary funds monthly from the state general revenue fund to the Higher Education Capital Improvement Fund to pay principal and interest on bonds.

Directs the governor to develop minority business and employment opportunity plans in consultation with the state board of fund commissioners and file them with the Missouri Minority Business Advocacy Commission.