Arizona Proposition 102
, also known as the Public Debt, Revenue and Taxation
, was on the November 7, 2004
election ballot in Arizona
as a legislatively-referred constitutional amendment
. It was defeated
| Public Debt, Revenue and Taxation|
|Yes|| 792,277|| 48.1%|
- Election results from Arizona Elections Department.
Text of measure
The language that appeared on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
The Arizona Constitution prohibits the state government from becoming a shareholder or joint owner in a company or corporation.
Proposition 102 would amend the Constitution to add an additional exception allowing the state to license or transfer interests in technology or intellectual property created or acquired by state universities or the Board of Regents in exchange for ownership interests and securities in a company or corporation. The ownership interests must be obtained only for investment as authorized by law.
Arizona Forward, a group for the referendum, spent $654,090 in support of the measure.