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MO SB464

Bill

Official Source

Status

Introduced

2/28/2013

Primary Sponsor

Kurt Schaefer

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Removes language limiting bond issuance provisions to apply "and pursuant to" sections 8.370 to 8.450, instead applying only "under" those provisions
  • Sets maximum interest rate for revenue bonds at 15 percent per annum with maturity within 40 years
  • Establishes $775 million total par value cap on revenue bonds that may be issued for one or more projects
  • Requires majority approval from both house and senate members of the committee on legislative research before projects can be approved for bond financing, with energy retrofitting bonds treated as a single project
  • Requires general assembly approval by concurrent resolution before the board may issue any bonds except for refunding existing debt

Legislative Description

Requires approval by the General Assembly before the Board of Public Buildings may issue revenue bonds for state office buildings

Last Action

Second Read and Referred S Appropriations Committee

3/13/2013

Committee Referrals

Appropriations3/13/2013

Full Bill Text

No bill text available