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MO SR200
Resolution
AI Summary
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Missouri citizens have already paid more than twice the original bond amount for the Edward Jones Dome stadium, with payments continuing until 2022
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On January 26, 2015, the Office of Administration Commissioner testified that the Governor interprets Section 67.657, RSMo as authorizing $350 million in new stadium bonds for St. Louis without General Assembly approval
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The Senate urges the Governor not to issue bonds for a new St. Louis stadium under this interpretation, asserting that executive branch bond issuance without legislative or voter approval is inappropriate
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The Senate warns it should not be expected to approve appropriations to service any bonds issued without General Assembly or voter approval, despite pressure to protect Missouri's AAA credit rating
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Copies of the resolution are to be distributed to the Governor and all bonding agencies in Missouri to disclose this legislative opposition to potential bond purchasers
Legislative Description
Urges the Governor to not issue bonds for a stadium without legislative or voter approval and states that the Senate will not automatically appropriate money to service such bonds
Last Action
Referred S Rules, Joint Rules, Resolutions and Ethics Committee
2/2/2015