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State officials to consider new building bonds

State officials to consider new building bonds

December 3rd, 2012 by David A. Lieb, Associated Press in News

So you've finally written that last check for your car or home after years - perhaps even decades - of monthly payments. What do you do now?

Some Missouri officials, who recently paid off the equivalent of a 30-year mortgage on dozens of state buildings, want to take out a new loan.

When they convene in January, Missouri lawmakers will consider whether to ask voters to authorize a new bond issuance worth as much as $1 billion to finance construction at college campuses, repairs at state mental health institutions and office buildings and maybe even new road work.