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MO HJR45

Joint Resolution

Official Source

Status

Introduced

3/11/2015

Primary Sponsor

Caleb Rowden

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Proposes amending Article III of the Missouri Constitution to authorize up to $10 million in state bonds for public building maintenance and construction
  • Bonds would be issued by the State Board of Fund Commissioners through public sale and must be retired within 25 years of issuance
  • Creates the "Public Building Maintenance and Construction Fund" in the state treasury, backed by the full faith, credit, and resources of Missouri
  • Requires a direct property tax levy on all taxable tangible property if general revenue funds prove insufficient to cover bond principal and interest payments
  • Would be submitted to Missouri voters at the November 2016 general election or a special election called by the governor

Legislative Description

Proposes a constitutional amendment authorizing $10 million of bond issuance for public buildings

Last Action

Referred: Ways and Means(H)

5/15/2015

Committee Referrals

Ways And Means5/15/2015

Full Bill Text

No bill text available