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MO HJR84
Joint Resolution
Status
3/20/2012
Primary Sponsor
Myron Neth
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AI Summary
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Submits a constitutional amendment to Missouri voters at the November 2012 general election or 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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Maintains the existing 15% bonded indebtedness limit for school districts based on taxable tangible property value
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Allows school districts that qualify under law to incur an additional 5% in bonded indebtedness above the 15% limit, for a total of up to 20%
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Keeps voting requirements at four-sevenths majority for general elections and two-thirds majority for all other elections
Legislative Description
Proposes a constitutional amendment allowing a qualified school district to become indebted in an amount up to an additional 5% above the current 15% of the value of its taxable tangible property
Last Action
Referred: Elementary and Secondary Education (H)
3/29/2012