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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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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