An Alabama Banking Amendment
, also known as Amendment 10
, will appear on the November 6, 2012 ballot
in the state of Alabama
as a legislatively-referred constitutional amendment
. The measure relates to the authority of state legislature and banking in the state. According to the text of the measure, the proposal was sent to the ballot during the 2012 state legislative session
Text of measure
The ballot language that voters will see on the ballot reads as follows:
||Proposing an amendment to the Constitution of Alabama of 1901, effective January 1, 2014, to amend Section 247 relating to the authority of the Legislature concerning banks and banking, to repeal various other provisions of Article XIII concerning banks and banking; and to repeal Amendment 154 to the Constitution of Alabama of 1901, now appearing as Section 255.01 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, subject to the contingency that a new Article XII of the state constitution is adopted that repeals existing Section 232 of the state constitution, and subject to the contingency that Sections 10A-2-15.01 and 10A-2-15.02, Code of Alabama 1975, are repealed.
Path to the ballot
Article XVIII of the Alabama Constitution says that it takes a three-fifths (60%) vote of the Alabama State Legislature to qualify an amendment for the ballot.
This statewide ballot measure article needs to be expanded.