MO SJR56

Submits constitutional amendment to Missouri voters authorizing the issuance of $950 million in general obligation bonds for infrastructure improvements, to be voted on at the November 2014 general election.

Establishes the "Twenty-First Century Infrastructure Fund" to receive bond proceeds, with bonds to be retired over a period not exceeding 25 years and secured by the full faith and credit of the state.

Allocates bond funds to four categories: $200 million maximum for information technology infrastructure upgrades; $550 million maximum for construction and renovation of higher education buildings (with at least 15% for community colleges); $100 million maximum for Missouri state capitol renovation; and $100 million maximum for other state buildings and facilities.

Requires institutions of higher education and non-state projects to match at least 15% of allocated bond funds, and directs the governor to develop minority business participation and employment opportunity plans for the bond programs.

Exempts bond revenue and expenditures from constitutional revenue and spending limits under Articles X, Sections 17, 18, and 20 of the Missouri Constitution.