Modifies standards for certain bonds

HB 150 modifies bond issuance rules for Missouri local governments and special districts. It caps interest rates at 14% (up from 10%) or 250 basis points above the longest-term U.S. Treasury bond, whichever is higher, and lowers the minimum sale price to 50% of par value (down from 95%). Competitive bidding is required for most general obligation bonds unless a municipal advisor is used, with exceptions for small issuances, federal/state sales, or refinancing. Special provisions apply to housing authorities and industrial development bonds, allowing private sales under specific conditions. This directly affects counties, cities, school districts, hospital districts, and other entities issuing bonds for public projects.