Missouri Motion To Incur Additional Indebtedness is a legal procedure used to authorize public entities in the state of Missouri to borrow funds for public purposes. It is also known as a Missouri Bond Resolution. This motion allows public entities such as cities, counties, school districts, and other government entities to borrow money from a financial institution, typically in the form of a bond, to finance a public project. There are two types of Missouri Motion To Incur Additional Indebtedness: General Obligation and Revenue Bond. General Obligation bonds are backed by a municipality’s full faith and credit, while Revenue Bonds are backed by the revenue generated from the project for which the bonds are issued. Both types of bonds require a public hearing and a vote of the governing body prior to being issued.