MO HJR90

Submits to Missouri voters a constitutional amendment to be voted on at the general election on Tuesday following the first Monday in November 2012, or at a special election called by the governor.

Repeals and replaces Section 26(b) of Article VI of the Missouri Constitution relating to bonded indebtedness limits for political subdivisions.

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 a four-sevenths vote for such debt measures at general municipal elections, primary elections, or general elections, and a two-thirds vote at all other elections.