Arkansas Standard for SuperProject Bonds, Issue 3 (2010)
|Preamble • 1 • 2 • 3 • 4 • 5 • 6 • 7 • 8 • 9 • 10 • 11 • 12 • 13 • 14 • 15 • 16 • 17 • 18 • 19 • 20 • Schedule • Proclamation|
- See also: 2010 ballot measure election results
|Issue 3 (SuperProject Bonds)|
Results via Arkansas Secretary of State Election Results.
Text of amendment
The summary of the amendment read as follows, according to the 87th Legislative Session:
- This resolution proposes to amend Amendment 82 of the Arkansas Constitution to authorize the General Assembly to establish criteria before authorizing the issuance of bonds for prospective employers planning an economic development project.
(d) The General Assembly may authorize the issuance of bonds bearing the full faith and credit of the State of Arkansas if the prospective employer planning an economic development project is eligible under criteria established by law.
The amendment will go into effect on May 2, 2011.
- The Arkansas Chamber of Commerce/Associated Industries of Arkansas was leading the campaign in support of the measure, along with Issue 2.
- The Arkansas Municipal League supported the amendment, believing that the proposal would further strengthen economic development across the state.
- The Fort Chaffee Redevelopment Authority voted to support the measure on September 16, 2010, along with Issue 2 on the Arkansas statewide ballot.
- There was no known opposing campaign for Issue 3.
Arguments that were made in opposition to the measure include:
- A new debt would only make the situation in Arkansas worse, due to the revenue shortfalls that were happening in the state.
- The Times Record endorsed the measure, along with the two other measures on the ballot, writing in an editorial, "We recommend you vote FOR constitutional protections of hunting fish and trapping; FOR changing interest caps and supporting energy efficiency; and FOR creating more flexibility in incentives for new business. All three are votes FOR Arkansas."
Path to the ballot
- See also: How the Arkansas Constitution is amended
The amendment was referred to the November 2, 2010 ballot after the Arkansas House of Representatives and the Arkansas State Senate approved of the measure on April 6, 2009. A majority vote was required in both chambers of the Arkansas State Legislature to refer the measure to the ballot. (See Section 22, Article 19, Arkansas Constitution.)
- Arkansas 2010 ballot measures
- 2010 ballot measures
- Arkansas State Senate
- Arkansas House of Representatives
- ↑ Times Record, "House OKs ‘Superprojects’ Amendment", April 3, 2009
- ↑ Summary of General Legislation, "Proposed Constitutional Amendments", May 2009
- ↑ Arkansas Secretary of State, "HJR1007"
- ↑ [Confirmed via phone with AR SOS on 12-21-2010]
- ↑ Arkansas News, "Voters to decide three ballot issues in November", August 30, 2010
- ↑ 6.0 6.1 University of Arkansas, "Issue No. 3", Retrieved September 9, 2010
- ↑ Times Record Online, "Chaffee Authority OKs Funding Issues", September 17, 2010
- ↑ Time Record, "We Propose FOR All Three Amendments", October 25, 2010
- ↑ Arkansas Matters, "Proposed Amendments Going to Arkansas Voters", April 7, 2009
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