Ohio Issue 1, Bonds for Parks (1993)
|Ohio Issue 1|
Text of measure
To improve state and local parks, recreation areas and to enhance the use and enjoyment of Ohio's Natural Resources.
1. Would authorize the state of Ohio to issue bonds to finance capital improvements for state and local parks and recreation areas, to preserve Ohio's natural areas and habitats, and to promote health and safety through flood control, pollution prevention and water quality improvement.
2. Limit the total outstanding principal amount of all debt issued under this section to $200 million and all new bonds issued within a single year to $50 million.
3. Permit the state to make grants and assist local governments with capital improvements projects related to natural resources and require that at least 20% of the proceeds of the first $200 million of these bond dollars will be available to Ohio communities for such local capital improvements.
If passed, this amendment will be effective immediately.
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