Arkansas College Savings Bond Act, Proposed Question Act 683 (1990)

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The Arkansas College Savings Bond Act, also known as Proposed Questions Act 683, appeared as a legislatively-referred state statute in Arkansas where it was approved on the ballot on November 8, 1990.[1]
  • This statute authorizes the Arkansas Development Finance Authority to issue college savings bonds.

Election results

Proposed Question Act 683 (1990)
ResultVotesPercentage
Approveda Yes 324,415 57.71%
No237,74342.29%

Official results via: Arkansas Secretary of State

Text of measure

The language appeared on the ballot as:[2]

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.[3]


See also

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External links

References

  1. Arkansas Secretary of State, "Initiatives and Amendments 1938-2010"
  2. Inter-university Consortium for Political and Social Research. REFERENDA AND PRIMARY ELECTION MATERIALS [Computer file]. ICPSR ed. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [producer and distributor], 1995. doi:10.3886/ICPSR00006.v1
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.