SJR 56 - Dixon, Bob
Authorizes the issuance of $950 million in general obligation bonds to fund infrastructure improvements
Bill Details
Sponsor
LR Number
6284S.01I
Title
SJR 56
House Handler
N/A
Journal Page
Effective Date
Upon voter approval
Committee
Current Status
Second Read and Referred S Transportation and Infrastructure Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SJR 56 - This constitutional amendment, if approved by the voters, permits the Board of Fund Commissioners to issue bonds in the amount of up to $950 million. Up to $200 million of the bond proceeds may be used for information technology infrastructure upgrades for state government. Renovations to the state capitol may receive up to $100 million in bond proceeds. Renovation and maintenance of other state office buildings may receive up to $100 million in bond proceeds.
Up to $550 million in proceeds may be used to provide funds for the construction, renovation, and rebuilding of buildings of institutions of higher education. At least 15 percent of the bond proceeds must be allocated to community colleges. For projects at higher education institutions, the institution must match at least 15% of the bond proceeds.
This amendment is similar in concept to HJR 73 (2014), SJR 3 (2013), HJR 14 (2013), and HJR 57 (2012).
MIKE HAMMANN