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Arkansas Redevelopment Project Question, Issue 2 (2012)

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Issue 1
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Type:State statute
State code:Arkansas Code 26-56-201(f)
Referred by:Arkansas State Legislature
Topic:Bond issues
Status:Defeatedd
The Arkansas Redevelopment Project Question, also known as Issue 2, was a legislatively-referred constitutional amendment on the November 6, 2012 statewide ballot in the state of Arkansas, where it was defeated.

The measure would have authorized cities and counties to create districts within that county for redevelopment projects. The measure was authored and sponsored by Arkansas State Senator Jake C. Files during the state's legislative session.

Election results

See also: 2012 ballot measure election results
Arkansas Issue 2 (2012)
ResultVotesPercentage
Defeatedd No554,36156.62%
Yes 424,782 43.38%

Results via: The Arkansas Secretary of State Counties Percent Reported: 90.67% (11/9/2012)

Text of measure

Popular name

An amendment concerning municipal and county financing of sales tax anticipated revenue bond projects, unfunded liabilities of closed local police and fire pension plans, and real and tangible personal property.[1][2]

Ballot title

Proposing an amendment to the Arkansas Constitution concerning financial reform for counties and municipalities; proposing an amendment to the Arkansas Constitution to authorize cities and counties to create districts within the city or county for development and redevelopment projects within the district and to issue bonds payable from the increased amount of city and county sales and use tax collected within the district for financing such projects; proposing an amendment to the Arkansas Constitution to authorize a municipality or county to issue bonds and levy a local sales and use tax for the purpose of retiring unfunded liabilities of closed local police and fire pension plans; and amending amendment 78 of the Arkansas Constitution to provide that annual principal and interest payments on short-term financing obligations shall be charged against and paid from general revenues for the fiscal year and special revenues authorized to be used for the property financed.[3][2]

Support

No formal support for the measure was identified by Ballotpedia.

Opposition

No formal opposition for the measure was identified by Ballotpedia.

Path to the ballot

A majority vote was required in both chambers of the Arkansas State Legislature to refer a measure to the ballot. (See Section 22, Article 19, Arkansas Constitution)

See also

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References

  1. Proposed Constitutional Amendment 2 "Text of measure," accessed October 3, 2012
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
  3. 2012 General Election and Nonpartisan Judicial Run-Off Washington County, Arkansas November 6, 2012