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MO HJR44

Joint Resolution

Official Source

Status

Engrossed

5/27/2015

Primary Sponsor

Lindell Shumake

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Authorizes the state to issue up to $50 million in bonds to fund construction of Missouri veterans' homes under the Missouri Veterans Commission
  • Bonds must be retired within 15 years of issuance and sold at public sale by the state board of fund commissioners
  • Creates the Veterans Home Bond Fund, with bonds backed by the full faith, credit, and resources of Missouri
  • If general revenue funds are insufficient to pay bond obligations, a direct property tax on all taxable tangible property in the state may be levied
  • Would have been submitted to voters at the November 2016 general election or a special election called by the governor

Legislative Description

Proposes a constitutional amendment authorizing $50 million in bonds for veterans homes

Last Action

Reported to the Senate and First Read (S)

5/27/2015

Committee Referrals

Fiscal Review4/30/2015
Select Committee on Social Services3/30/2015
Veterans3/12/2015

Full Bill Text

No bill text available