HJR 171

                                 SECOND REGULAR SESSION
                          HOUSE COMMITTEE SUBSTITUTE FOR
                       HOUSE JOINT
                    RESOLUTION NO. 171
                           103RD GENERAL ASSEMBLY
 6805H.02C  JOSEPH ENGLER, Chief Clerk
                                  JOINT RESOLUTION
 Submitting to the qualified voters of Missouri an amendment repealing Section 26(b) of
       Article VI of the Constitution of Missouri, and adopting one new section in lieu
       thereof relating to school district indebtedness.
 Be it resolved by the House of Representatives, the Senate concurring therein:
         That at the next general election to be held in the state of Missouri, on Tuesday next
2 following the first Monday in November, 2026, or at a special election to be called by the
3 governor for that purpose, there is hereby submitted to the qualified voters of this state, for
4 adoption or rejection, the following amendment to Article VI of the Constitution of the state
5 of Missouri:
         Section A. Section 26(b), Article VI, Constitution of Missouri, is repealed and one
2 new section adopted in lieu thereof, to be known as Section 26(b), to read as follows:
         Section 26(b). 1. (1) Any county, city, incorporated town or village or other political
2 corporation or subdivision of the state, by vote of the qualified electors thereof voting
3 thereon, may become indebted in an amount not to exceed five percent of the value of taxable
4 tangible property therein as shown by the last completed assessment for state or county
5 purposes[, except that].
6(2) (a) A school district by a vote of the qualified electors voting thereon may
7 become indebted in an amount not to exceed fifteen percent of the value of such taxable
8 tangible property.
9(b) Property owned by a governmental entity under general law or any provision
10 of this constitution authorizing a governmental entity to carry out a project for
 EXPLANATION — Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is
 intended to be omitted from the law. Matter in bold-face type in the above bill is proposed language.
HCS HJR 171  2
11 development or redevelopment purposes shall be exempt from taxation but shall be
12 included in calculation of the assessed valuation of property in a school district for
13 purposes of determining the assessed valuation of taxable tangible property when
14 calculating the limitation on school district indebtedness.
152. For elections referred to in this section the vote required shall be four-sevenths at
16 the general municipal election day, primary or general elections and two-thirds at all other
17 elections.
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