missouri development finance board

Politics
4:51 pm
Tue May 6, 2014

Missouri lawmakers embrace financing for Fulton State Hospital

Credit File photo / KBIA

  Missouri legislative budget leaders have embraced a financing plan for a new facility on the Fulton State Hospital campus.

The proposal calls for issuing bonds through the Missouri Development Finance Board and paying them off over 25 years. The upcoming year's budget would include $14.2 million for payment on bonds. House and Senate negotiators are working today on a final version of next year's state budget.

The financing proposal approved today by the lawmakers follows Governor Jay Nixon's plan for the project.

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