SJR 3 – Amends the Constitution to provide the authority for a Fifth State Building Bond issue

• Sponsor: Schaefer
• LR Number: 0268S.02I
• Committee: Appropriations
• Last Action: 2/27/2013 - Voted Do Pass S Appropriations Committee
• Effective Date: Upon voter approval

Current Bill Summary

SJR 3 - 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 $250 million of the bond proceeds would provide funds for constructing state buildings, facilities and projects, with at least $40 million dollars of the $250 million being allocated to the maintenance of park and park facilities. The bonds would also 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.

This amendment is similar to HJR 14 (2013) and HJR 57 (2012).

MIKE HAMMANN