Alabama Government Capital Improvement Trust Fund, Amendment 1 (2000)
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The Alabama Government Capital Improvement Trust Fund Amendment, also known as Amendment 1 was on the November 7, 2000, election ballot in Alabama a legislatively referred constitutional amendment. It was approved. It proposed a number of financial measures including the issuance of up to $350 million in bonds to finance a number of projects in the state.[1]
Election results
| Alabama Amendment 1 (2000) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 870,304 | 62.8% | ||
| No | 515,806 | 37.2% | ||
Election results via: Alabama Votes
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."[2]
Changes to the Alabama Constitution
The passing of Alabama Government Capital Improvement Trust Fund, Amendment 1 added Amendment 666 to the Alabama Constitution.
See also
External links
Footnotes
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State of Alabama Montgomery (capital) |
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