The Arkansas College Savings Bond Act
, also known as Proposed Questions Act 683
, appeared as a legislatively-referred state statute
where it was approved
on the ballot on November 8, 1990
- This statute authorizes the Arkansas Development Finance Authority to issue college savings bonds.
| Proposed Question Act 683 (1990)|
| Yes|| 324,415|| 57.71%|
Official results via: Arkansas Secretary of State
Text of measure
The language appeared on the ballot as:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|| AN ACT AUTHORIZING THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY TO ISSUE STATE OF ARKANSAS COLLEGE SAVINGS GENERAL OBLIGATION BONDS IN THE TOTAL PRINCIPAL AMOUNT OF NOT EXCEEDING $300,000,000 IN SERIES FROM TIME TO TIME. IN PRINCIPAL AMOUNTS NOT TO EXCEED, WITHOUT PRIOR APPROVAL OF THE GENERAL ASSEMBLY, $100.000,000 IN ANY FISCAL BIENNIUM, FOR THE PURPOSE OF FINANCING HIGHER EDUCATION PROJECTS TO SERVE THE INHABITANTS OF THE STATE OF ARKANSAS; PRESCRIBING OTHER MATTERS RELATING THERETO; AND FOR OTHER PURPOSES.