HJR 37 -- Bonds for Higher Education Projects

Sponsor:  Baker (25)

Upon voter approval, this proposed constitutional amendment
authorizes the sale of $323,311,000 in bonds to plan, design,
construct, renovate, and maintain state college and university
buildings including public community colleges.

The Fifth State Building Bond and Interest Fund is created to
receive the proceeds of the sale of the bonds, which will be
retired over 25 years.  If the funds in general revenue are not
sufficient for the payment to the Sinking Fund and the interest
on the outstanding bond obligations, the amendment authorizes a
property tax to be levied upon all taxable tangible property
within the state.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am