Loading chat...

MO HJR73

Joint Resolution

Status

Introduced

1/30/2014

Primary Sponsor

Caleb Jones

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Authorizes the General Assembly to contract up to $1.2 billion in state debt through bond issuance for the Fifth State Building Fund, with bonds retired over 25 years.

  • Allocates bond proceeds as follows: $600 million maximum for higher education construction and renovation (including minimum 20% for community colleges), $100 million for Missouri State Capitol building project, minimum $40 million for state parks, and up to $200 million for mental health facilities capital improvements.

  • Requires matching funds of at least 15% from higher education institutions and non-state projects receiving bond proceeds.

  • Creates a Taxpayer Protection Commission with five members to oversee all bond appropriations, project expenditures, contract compliance, and annual reporting to state officials.

  • Excludes bond revenue from "total state revenues" and "expenses of state government" calculations under Article X of the Missouri Constitution; submitted to voters at the general election on Tuesday following the first Monday in November 2014.

Legislative Description

Proposes a constitutional amendment authorizing the General Assembly to issue bonds to fund higher education improvements, State Capitol repairs, state park maintenance, and mental health facility improvements

Last Action

Referred: Budget(H)

2/5/2014

Committee Referrals

Budget2/5/2014

Full Bill Text

No bill text available