Bonding proposal to be considered by Missouri House

6:01 PM, Jan 23, 2013   |    comments
Jefferson City. (AP File Photo)
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JEFFERSON CITY, Mo. (AP) - Missouri House Speaker Tim Jones is pushing for a state bonding package to help finance college campus improvements, mental health facilities and transportation projects.

The Republican speaker says interest rates and construction costs are low, making it a good time to address what he called significant infrastructure needs around the state.

Jones announced creation Wednesday of a special committee to work out the details of a bonding package. Democrat Chris Kelly will chair the panel.

Legislation allowing Missouri to issue up to $950 million in bonds has already been filed in the Senate. Kelly says the Senate proposal will also be filed in the House as a starting point.

Any bonding measure passed by lawmakers would have to be approved by voters.

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Associated Press

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