HCS/SCS/SJR 24- This amendment would authorize additional bond indebtedness for water pollution and stormwater control.

Article III, Section 37(e) established the Water Pollution Control Bond and Interest Fund for the enhancement of the state's water quality. This resolution increases the amount of annual appropriation for rural water and sewer grants from $25 million to $50 million dollars.

In addition to the existing $275 million dollar indebtedness, Section 37(g) would authorize $100 million dollars to fund the finance and construction of rural water and sewer grants or loans. The terms of the bond issue is in all other material respects the same as those of the bond indebtedness in Section 37(e).

Article III, Section 37(h) is established for the creation of the Stormwater Control Bond and Interest Fund to fund stormwater control projects in first classification counties and the City of St. Louis. The authorized amount of indebtedness could not exceed $200 million dollars, with an annual appropriation ceiling of $20 million and fifty percent of the project cost. All monies are to be evenly divided between grants and loans. Funds shall be dispersed in proportion to the total population of the first classification counties and the City of St. Louis, however, cities within a county that have over 25,000 inhabitants shall receive grants directly in proportion to the city's composition of the population of that county.
DENISE GARNIER