Alabama Government Capital Improvement Trust Fund, Amendment 1 (2000)

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Alabama Constitution
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Alabama Amendment 1 appeared on the November 7, 2000 election ballot in Alabama, where it was approved.[1]

Election results

Government Capital Improvement Trust Fund
Approveda Yes 870,304 62.8%

Text of measure

The language that appeared on the ballot:

Proposing an amendment to the Constitution of Alabama of 1901, to establish the County and Municipal Government Capital Improvement Trust Fund and the Alabama Capital Improvement Trust Fund to be administered in accordance with the provisions of this amendment; to redistribute a portion of the Oil and Gas Capital Payments now being paid into the Alabama Trust Fund under Amendment No. 450 to the Constitution of Alabama of 1901 to the funds created by this Amendment; and to authorize the issuance of General Obligation Bonds in an aggregate principal amount not exceeding $350 million for the purpose of: (i) making substantial capital improvements to the state dock facilities at the Port of Mobile, (ii) promoting economic development and industrial recruitment in this State, (iii) providing the local government match monies required to issue federal grant revenue bonds for road and bridge improvements and (iv) providing funds to municipal governments for infrastructure improvements; and to appropriate monies in the Alabama Capital Improvement Trust Fund for the payment of debt service on General Obligation Bonds authorized by this amendment.

See also

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