Florida Recreation and Conservation Bonds, Amendment 3 (1963)
The Florida Recreation and Conservation Bonds Amendment, also known as Amendment 3, was a legislatively-referred constitutional amendment in Florida which was approved on the ballot on November 5, 1963.
|Florida Amendment 3 (1963)|
Unofficial election results via: Bradford County telegraph (November 7, 1963)
Text of measure
The language that appeared on the ballot:
|“|| No. 3
ARTICLE IX—A proposed amendment to Article IX of the Constitution of the State of Florida by adding a section to be numbered by the Secretary of State providing that the Outdoor Recreational Development Council as created by the 1963 Legislature, may issue revenue bonds, revenue certificates or other evidences of indebtedness for outdoor recreation and natural resources conservation and related facilities; providing that the Legislature shall designate the revenue or tax sources to be deposited in or credited to the land acquisition trust fund for their payment and may impose certain restrictions.
Section __. The outdoor recreational development council, as created by the 1963 legislature, may issue revenue bonds, revenue certificates or other evidences of indebtedness to acquire lands, water areas and related resources and to construct, improve, enlarge and extend capital improvements and facilities thereon in furtherance of outdoor recreation, natural resources conservation and related facilities in this state; provided, however, the legislature with respect to such revenue bonds, revenue certificates or other evidences of indebtedness shall designate the revenue or tax sources to be deposited in or credited to the land acquisition trust fund for their repayment and may impose restrictions on their issuance, including the fixing of maximum interest rates and discounts.
The land acquisition trust fund, created by the 1963 legislature for these multiple public purposes, shall continue from the date of the adoption of this amendment for a period of fifty (50) years.
In the event the outdoor recreational development council shall determine to issue bonds for financing acquisition of sites for multiple purposes the state board of administration shall act as fiscal agent, and the attorney general shall handle the validation proceedings.
All bonds issued under this amendment shall be sold at public sale after public advertisement upon such terms and conditions as the outdoor recreational development council shall provide and as otherwise provided by law and subject to the limitations herein imposed.
Path to the ballot
- The amendment was placed on the ballot by Committee Substitute for Senate Joint Resolution 727 of 1963.
- The amendment was approved by the Governor on June 14, 1963.
- The amendment was filed with the Secretary of State on June 14, 1963.
- Florida Amendments of the Election of 11-5-63
- Sample Ballot (in the St. Petersburg Times, October 29, 1963)