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Missouri Bond Paid Off - KOAM TV 7

Missouri Bond Paid Off

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After 30 years the state of Missouri finally pays off a $600 million dollar bond issue and might soon be asking voters to consider a new loan.

The new bond would cost a billion dollars and would pay for construction at mental health institutions, office buildings, colleges campuses and even road work.

State officials say low interest rates and construction costs make this a good time to issue bonds.

After the interest was paid on the 1982 issue the state ended up paying a $1.25 billion dollars.

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