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Arkansas Redevelopment Project Question, Issue 2 (2012)
| Issue 1 | |
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| Quick stats | |
| Type: | State statute |
| State code: | Arkansas Code 26-56-201(f) |
| Referred by: | Arkansas State Legislature |
| Topic: | Bond issues |
| Status: |  |
Contents |
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) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| No | 554,361 | 56.62% | ||
| 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] | ” |
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.[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
- Arkansas 2012 ballot measures
- 2012 ballot measures
- List of Arkansas ballot measures
- Arkansas Legislature
References
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State of Arkansas Little Rock (capital) |
|---|---|
| Ballot measures |
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Arkansas State Constitution | House of Representatives | Senate | Ethics Commission | Bureau of Legislative Research | Legislative Auditor | |
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| Elections | |
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| Transparency Topics |
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| Divisions |
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