HJR 47 -- Revenue Bonds

Co-Sponsors:  Willoughby, Relford, Davis, Richardson, Mays (50),
Byrd, Wright

This proposed constitutional amendment makes several revisions in
the section that allows municipalities, cooperating
municipalities, and joint boards and commissions formed between
municipalities or political subdivisions to issue revenue bonds
for utility, industrial development, and airport projects.  The
amendment:

(1)  Allows projects to be owned by joint boards or commissions;

(2)  Repeals the requirement that all utility operations by joint
boards or commissions be fully regulated as public utilities; and

(3)  Declares that bonds issued under the section may not be
regarded as indebtedness of the state or of any political
subdivision of the state.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:03 am