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Arkansas Short Term Financing, Amendment 1 (2000)

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Arkansas Amendment 1, also known as The City and County Government Redevelopment Bond and Short Term Financing Amendment appeared as a legislatively-referred constitutional amendment on the November 7, 2000 election ballot in Arkansas, where it was approved.[1]

Election results

Short Term Financing
Approveda Yes 427,407 54.6%

Text of measure

The language that appeared on the ballot:

Legislative Constitutional Amendment Authorizes cities and counties to form redevelopment districts and to issue bonds for redevelopment projects in the districts; provides that municipalities and counties may incur short-term financing obligations having a term not to exceed five years for the purpose of acquiring, constructing, installing or renting real property or tangible personal property; specifies maximum lawful rate of interest for such obligations (HJR 1012)

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