Missouri House panel to consider bonding package

Tuesday, March 12, 2013 | 7:56 a.m. CDT; updated 9:38 a.m. CDT, Tuesday, March 12, 2013

JEFFERSON CITY — A Missouri House committee created to study a state bonding package is preparing to vote on its proposal.

Revenue from the bonds could pay for construction on college campuses, state parks, the state Capitol and rural water projects. It also could go toward metropolitan economic development projects and a new, high-security mental health facility at Fulton State Hospital.

The package could exceed $1 billion. The House committee proposing it expected to vote on the measure Tuesday.

Lawmakers have pointed to low interest rates, longstanding needs and a desire to support jobs as reasons to approve bonds.

The proposal would require approval by Missouri voters if it passes the legislature.

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