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Mo. House panel endorses $1.2B bonding proposal

Mo. House panel endorses $1.2B bonding proposal

March 12th, 2013 in News

JEFFERSON CITY, Mo. (AP) - A Missouri House committee has endorsed a state bonding package to fund construction projects at college campuses, parks and other state facilities.

The proposal endorsed Tuesday would allow up to $1.2 billion in bonds. It calls for at least $500 million to be used for non-higher education projects with at least $40 million for state parks.

Revenue also could be used for projects to reduce energy costs and to set up a loan program for K-12 school construction projects.

If the measure passes the Legislature, voter approval would be required.

Lawmakers have pointed to low interest rates, longstanding needs and a desire to support jobs as reasons to approve bonds.

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Bonding proposal is HJR14

Online:

Legislature: http://www.moga.mo.gov