Florida Pollution Control Bonds, Amendment 4 (1970)
|Florida Amendment 4 (1970)|
Election results via: ICPSR
Text of measure
The language that appeared on the ballot:
ARTICLE VII, SECTION 14
POLLUTION ABATEMENT. Proposing an amendment to Article VII of the Constitution by adding subsection 14 permitting the issuance, when authorized by law, of state bonds to finance the construction of air and water pollution control and abatement and solid waste disposal facilities.
Section 14. Bonds for Pollution Control and Abatement Facilities.
(a) When authorized by law, state bonds pledging the full faith and credit of the state may be issued without an election to finance the construction of air and water pollution control and abatement and solid waste disposal facilities (herein referred to as "facilities") to be operated by any municipality, county, district or authority, or any agency thereof (herein referred to as "local governmental agencies"), or by any agency of the State of Florida. Such bonds s hall be secured by a pledge of and shall be payable primarily from all or any part of revenues to be derived from operation of such facilities, special assessments, rentals to be received under lease-purchase agreements herein provided for, any other revenues that may be legally available for such purpose, including revenues from other facilities, or any combination thereof (herein collectively referred to as "pledged revenues"), and shall be additionally secured by the full faith and credit of the State of Florida.
(b) No such bonds shall be issued unless a state fiscal agency, created by law, has made a determination that in no state fiscal year will the debt service requirements of the bonds proposed to be issued and all other bonds secured by the pledged revenues exceed seventy-five (75) per cent of the pledged revenues.
(c) The state may lease any of such facilities to any local governmental agency, under lease-purchase agreements for such periods and under such other terms and conditions as may be mutually agreed upon. The local governmental agencies may pledge the revenues derived from such leased facilities or any other available funds for the payment of rentals thereunder; and, in addition, the full faith and credit and taxing power of such local governmental agencies may be pledged for the payment of such rentals without any election of freeholder electors or qualified electors.
(d) The state may also issue such bonds for the purpose of loaning money to local governmental agencies, for the construction of such facilities to be owned or operated by any of such local governmental agencies. Such loans shall bear interest at not more than one-half of one per cent per annum greater than the last preceding issue of state bonds pursuant to this section, shall be secured by the pledged revenues, and may be additionally secured by the full faith and credit of the local governmental agencies.
(e) The total outstanding principal of state bonds issued pursuant to this Section 14 shall never exceed fifty (50) per cent of the total tax revenues of the state for the two preceding fiscal years.
- Florida November 3, 1970 Amendment Proposals - Florida Constitutional Revision Commission
- Sample Ballot - Ocala Star-Banner, October 26, 1970
- ↑ 1.0 1.1 Ocala Star-Banner, "Sample Ballot," October 26, 1970
- ↑ 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
- ↑ Ocala Star-Banner, "Seven Amendment Cover Youth, Courts, Money," November 2, 1970
- ↑ Florida Constitutional Revision Commission, "Amendments, Election of 11-3-70"