An Alabama General Obligation Bond Amendment
will appear on the November 6, 2012 ballot
in the state of Alabama
as a legislatively-referred constitutional amendment
. The measure aims to allow the state to issue general obligation bonds of no more than $750 million. According to the text of the measure, the proposal was sent to the ballot during the 2012 state legislative session
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.