HJR 78 -- Bonding for Higher Education Projects

Sponsor:  Baker (25)

Upon voter approval, this proposed constitutional amendment
authorizes the General Assembly to create a Fifth State Building
Bond and Interest Fund for the deposit of the proceeds from the
sale of higher education capital projects bonds.  The General
Assembly may issue $530,545,003 in bonds for 26 specified
projects for public universities, community colleges, and
technical colleges.  The bonds will be issued by the State Board
of Fund Commissioners and will require a 25% institutional match.
The resolution contains standard bonding authority provisions
that cover how and when the bonds will be issued and the debt
retired.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm