SJR 2 - Schaaf, Rob
Requires legislative or voter approval prior to the extension of bonds or the offering of tax incentives by a county sports authority
Bill Details
Sponsor
LR Number
0647S.01I
Title
SJR 2
House Handler
N/A
Journal Page
Effective Date
Upon Voter Approval
Committee
Current Status
Second Read and Referred S Economic Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SJR 2 - This constitutional amendment, if approved by the voters, will prohibit the St. Louis Regional Convention and Sports Complex Authority, the St. Charles County Convention and Sports Facilities Authority, and any other county sports complex authority from extending existing bonds where the existing principal will be increased, from extending any additional bonding authority to the executive branch, and from offering any tax incentives, including but not limited to tax credits without legislative or voter approval.
This amendment also prohibits the state from entering into any agreement with any such sports complex authority that will obligate the state to pay back any portion of any newly issued bonds without legislative or voter approval.
This amendment is similar to provisions contained in SCS/SB 580 (2016), SB 330 (2015), and SCS/SBs 460 & 319 (2015).
JOSHUA NORBERG