Florida Education Bonds Amendment
, also known as Amendment 2
, was a legislatively-referred constitutional amendment
on the ballot in Florida
that was defeated
in the general election on November 2, 1048
The amendment sought to modify Article XII of the Florida Constitution in relation to the issuance of bonds for educational purposes.
| Florida Amendment 2 (1948)|
|Yes|| 59,210|| 24.61%|
Election results via: Report of the Secretary of State of the State of Florida (1947-1948)
Text of measure
The language that appeared on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|| NO. 2
ARTICLE XII, SECTION 17
A proposed amendment of Section 17 of Article XII, authorizing the legislature to provide for the issuance of bonds by county boards of education for use of schools when approved by a majority of the voters in an election wherein a majority of the freeholders shall participate, limiting the total of such county school bonds to 15% of assessed value of property, limiting time bonds may run, and providing for a special tax to pay principal and interest thereon; also authorizing additional bonds to be known as Special Capital Outlay bonds by the county boards of education under specified limitation, provided such indebtedness, including other school indebtedness, shall not exceed 20% of assessed value of property, and providing for the payment of principal and interest thereon, from describe revenues and the such bonds shall not be debts of the State of Florida.
Section 17. (a) the Legislature may provide for the issuance by the county board of education of each county of bonds for the exclusive use of the public free schools within the county, whenever the same shall have been approved by a majority of the votes cast in an election in which a majority of the freeholders who are qualified electors residing in such county shall participate, but no bonds shall be issued hereunder which, together with the school indebtedness of such county including special tax school district indebtedness incurred prior to the adoption of this amendment and indebtedness incurred under the provisions of this paragraph, shall exceed fifteen percent of the assessed value of the taxable property of the county according to the last assessment for county purposes prior to the issuance of such bonds. Any bonds issued hereunder shall become payable serially within not to exceed twenty-five years from the date of issuance as prescribed by the Legislature. Whenever any county has voted in favor of the issuance of such bonds a special tax for the payment of the interest on said bonds and the principal thereof as the same shall become due and payable shall be levied on the taxable property within the county in accordance with law providing for the levy of taxes and such tax shall not be applied to any purpose other than the payment of the principal and interest of said bonds.
(b) In addition to the bonds authorized in paragraph (a) above, and subject to the limitations and provisions thereof and of Section 6 of Article IX of the Constitution of Florida, the Legislature may also provide for the issuance of Special Capital Outlay bonds by county boards of education for school capital outlay projects hereafter acquired or constructed, but said bonds shall be limited to projects and amounts approved by the State Board of Education as prescribed by law and shall become payable serially as prescribed by law within not to exceed twenty years from the date of issuance; Provided, that no Special Capital Outlay bonds shall be issued hereunder which, together with the school indebtedness of such county including special tax school district indebtedness, shall exceed twenty per cent of the assessed value of the taxable property of such county according to the last assessment for county purposes prior to the issuance of such Special Capital Outlay Bonds. The principal of and interest on such special bonds shall be payable from a fund established in each county comprised of monies authorized and apportioned by the Legislature for school capital outlay and debt service purposes and monies provided by the county from county school revenue sources including ad valorem taxes, as authorized or required by the Legislature subject to the limitations of the Constitution relating to ad valorem taxes for school purposes. Such bonds shall not be bonds or debts of the state of Florida or enforceable against the credit or taxing power of the State.