HCS/HJR 32 - Upon voter approval, this proposed constitutional amendment authorizes the General Assembly to issue up to $700 million in bonds to provide funding for rebuilding higher education institution buildings including no less than 15% of the proceeds to be allocated to public community college colleges for land acquisitions, construction or purchase of buildings, and planning, furnishing, equipping, and landscaping the improvements and buildings. The bonds may be issued over time by the State Board of Fund Commissioners and will mature within 25 years from the date of issuance. The Fifth State Building Bond and Interest Fund is created for the payment of the bonds and any interest earned.JASON ZAMKUS SCA 1 - INCREASES THE AMOUNT OF BONDS THE GENERAL ASSEMBLY MAY ISSUE FROM $700 MILLION TO $800 MILLION AND PROVIDES THAT NO MORE THAN $250 MILLION OF THE PROCEEDS FROM THE SALE OF SUCH FUNDS SHALL BE ALLOCATED FOR THE CONSTRUCTION OF STATE BUILDINGS, FACILITIES, AND PROJECTS OTHER THAN HIGHER EDUCATION
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