HJR 32 -- Funding for Education

Sponsor:  Kelly

Upon voter approval, this proposed constitutional amendment
authorizes the General Assembly to issue up to $700 million in
bonds to provide funding for rebuilding higher education
institution and public community college buildings; for land
acquisitions; for construction or purchase of buildings; and for
planning, furnishing, equipping, and landscaping the improvements
and buildings.  The bonds may be issued over time by the State
Board of Fund Commissioners and will mature within 25 years from
the date of issuance.  The resolution creates the Fifth State
Building Bond and Interest Fund for the payment of the bonds and
any interest earned.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am