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Oklahoma State Question No. 693 (2002)

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Oklahoma's State Question No. 693 is a legislatively-referred constitutional amendment. The measure passed with 51.3% of voters supporting the initiative.

The official ballot summary reads:

This measure amends the Oklahoma Constitution. It amends Section 35 of Article 10. The amendment allows local governments to issue bonds for economic or community development. Voter approval would be required to issue bonds. Local governments could pass a special sales tax to repay the bonds. The tax rate could not be more than one cent ($0.01). The tax could not be repealed until the bonds were repaid. When not needed for bond repayment the tax could be suspended. This measure would also allow regional economic development districts to be created by laws. The districts could issue bonds. The procedures by which regional economic development district bonds could be issued may be specified by the Legislature.[1]


Status

The measure passed with 51.3% of voters in approval, and 48.7% saying no.

See also

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References