The Ohio Debt Limitations Amendment
, also known as Issue 4
, appeared on the November 8, 1977 ballot
as a legislatively-referred constitutional amendment
, where it was defeated
This amendment revises limitations on state government indebtedness.
| Ohio Issue 4 (1977)|
|Yes|| 759,327|| 27.52%|
Election results via Ohio 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.
|| Proposed Constitutional Amendment
To adopt Section 1 of Article VIII and repeal Sections 1, 2, 2b, 2d, 2e, 2f, 2g, 2h, 3, 7, 9, and 10 of Article VIII and Section 6 of Article XII of the Constitution of Ohio
- To repeal the general state constitutional debt limit of $750,000 and replace it with authority to incur debt from capital improvements by a two thirds majority vote of each house of the general assembly within specified limitations directly related to state revenues.
- To permit the state to contract debt without limitation on amount of purpose, in addition to the authority specified above, if that debt is submitted to a vote of the electors by a 3/5 majority vote of each house of the general assembly and approved by a majority of the electors voting on the question.
- To require the general assembly to retire at least 4% of the state's indebtedness each year.
- To permit the state to borrow funds to meet a current year's appropriations if any such loan is repaid out of that year's revenues.
- To repeal part of the constitutional requirements relating to a sinking fund and to require that the general assembly provide for the repayment of state debt.
- To enumerate purposes and amounts for which the first $640 million of capital improvement that would have to be appropriated.
Shall the proposed amendment be adopted?