Missouri Chamber pleased to see infrastructure bonding bill pass in the House

HJR 14, a $1.2 billion bonding initiative that would finance construction and repairs at public buildings across the state, was passed on May 9 in the House and now heads to the Senate for another round of approval. The bill is sponsored by House by Speaker Tim Jones and supported by the Missouri Chamber of Commerce and Industry.

If the legislation is passed by the Senate, it will go before voters in 2014.

The plan would devote $600 million to projects at higher education institutions, $200 million for new mental health facilities, $100 million for the state Capitol, $40 million for state parks and $20 million for loans to public school districts.

“With interest rates at an historic low level, the timing is appropriate,” Tracy King, vice president of governmental affairs for the Missouri Chamber of Commerce, said. “The jobs that would be created are significant. We could see the long term impact of this investment now for decades.”

For more information, please contact Tracy King at tking@mochamber.com or by phone at 573-634-3511.

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