JEFFERSON CITY, Mo. (AP) — Missouri House members are offering a proposal to pay for a new facility on the Fulton State Hospital campus.
Budget Committee Chairman Rick Stream said Monday the plan calls for issuing bonds and paying them off over five years. Stream, a Republican, says the payments would cost about $47 million per year.
The Fulton State Hospital is Missouri's only maximum-security psychiatric facility and the oldest public mental health facility west of the Mississippi River.
Gov. Jay Nixon has proposed issuing bonds through a state development board and paying them off through annual legislative appropriations. Lawmakers said Monday their proposal would save money by paying off the debt more quickly.
A Nixon spokesman says the governor's office applauds Stream for working on a plan to address the hospital.