MO SJR3

Authorizes the general assembly to issue bonds not exceeding $950 million for state building construction, renovation, and higher education facilities, with at least 15 percent of proceeds allocated to public community colleges.

Limits non-higher education state building projects to $250 million maximum, with a minimum of $40 million designated for parks and park facilities maintenance.

Creates the Fifth State Building Fund to receive bond proceeds and establishes that the state board of fund commissioners shall issue bonds at public sale with repayment within 25 years.

Requires the commissioner of administration to transfer monthly payments from the general revenue fund to service bond payments, and authorizes a direct property tax levy if general revenues are insufficient.

Directs the governor to develop percentage plans in consultation with the state board of fund commissioners to promote participation by African American, women, and minority businesses in state bond programs and construction employment.