MO HJR22

Repeals and replaces section 26(b) of article VI of the Missouri Constitution relating to debt limitations for political subdivisions

Increases the maximum bonded indebtedness limit for school districts from 15 percent to 25 percent of the value of taxable tangible property, contingent on voter approval

Requires school districts seeking debt above 15 percent to obtain voter approval by majority vote on the increased amount, plus separate approval by four-sevenths majority at general elections or two-thirds majority at other elections

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

Submits the amendment to Missouri voters at the general election on Tuesday following the first Monday in November 2014, or at a special election called by the governor