Arizona School District Debt Limit Amendment, Proposition 103 (1974)
state and local
spending and finance
|Not on ballot|
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Proposition 103 established a debt limit of 20% for unified school districts.
- These results are from the Arizona elections department 1974 voter pamphlet.
Text of measure
A CONCURRENT RESOLUTION PROPOSING AN AMENDMENT TO THE CONSTITUTION RELATING TO LOCAL DEBT LIMITS; PROVIDING FOR A DEBT LIMIT OF TWENTY PER CENT FOR UNIFIED SCHOOL DISTRICTS, AND AMENDING ARTICLE 9, CONSTITUTION OF ARIZONA, BY ADDING NEW SECTION 81
An Amendment relating to local debt limits; providing for a debt limit of twenty percent for unified school districts as defined therein; amending Article 9, Arizona Constitution by adding new section 81
The summary from the Legislative Council for this measure was:
During the 1973- 74 special legislative session, the Legislature adopted laws which permit the formation of unified school districts ( kindergarten or grade one through grade 12) These laws, however, do not become effective until the people vote to permit a unified school district to become indebted up to 20 percent of the value of the taxable property of the school district Proposition 103 would allow a unified school district to become indebted up to 20 percent of the value of the taxable property of the school district Existing constitutional provisions allow a maximum bonded indebtedness of ten percent for a common school district and ten percent for a high school district.
The full text of the legislation proposed by this proposition is available here.
|historical ballot measure article requires that the text of the measure be added to the page.|
Arguments in favor of this measure can be found here.
Arguments in opposition to this measure can be found here.
- Secretary of State 1974 voter pamphlet," accessed January 3, 2014
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
State of Arizona
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