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MO HR302
Resolution
Status
2/4/2015
Primary Sponsor
Mark Parkinson
Click for details
AI Summary
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Missouri House Resolution opposes the Governor issuing up to $350 million in bonds for a new St. Louis stadium without General Assembly or voter approval under section 67.657, RSMo
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Citizens have already paid more than twice the original bond amount for the Edward Jones Dome, with payments continuing until 2022
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Office of Administration Commissioner Doug Nelson testified on January 26, 2015 that the Governor interprets existing law as authorizing new stadium bonds without legislative approval
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House warns it may refuse to appropriate funds to service any bonds issued without legislative approval, despite potential impact to Missouri's AAA credit rating
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Resolution directs distribution to the Governor and all bonding agencies in Missouri to discourage bond issuance or purchase without proper authorization
Legislative Description
Urges the Governor to not issue bonds without approval of the General Assembly or the voters under an interpretation of Section 67.657, RSMo
Last Action
Referred: Ways and Means(H)
5/15/2015