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
, where it was defeated
| Public Debt, Revenue and Taxation|
|Yes|| 792,277|| 48.1%|
Text of measure
The language that appeared on the ballot:
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.