The Alabama Infrastructure Funding, Amendment 1, also known as Amendment 1, was on the ballot in Alabama on November 3, 1931, as a legislatively referred constitutional amendment. It was defeated. The amendment proposed to amend the constitution: Article XX-B, Sections 1-10. The amendment proposed that the state is authorized to engage in the construction, improvement, repair and maintenance of public roads, highways and bridges and, to fund such projects, the state is authorized to sell or issue interest-bearing negotiable state bonds. The bonds were not to exceed value in the amount of $25 million and were not to yield an interest of more than six percent per annum. The ballot measure also included the following stipulations:
- Construction or improvements made to public roads, highways and bridges must also include those connecting county seats and circuit courts within counties, if more than one circuit court should exist within a county.
- Proceeds from said bonds would not be used for the maintenance or discharge of contract debts, liability or obligations existing prior to the adoption of the amendment.
- A total of $18,425,000 would be set aside from the proceeds of the bonds to be apportioned in amounts of $275,000 to each county that is obligated to construct and hard surface all public roads and bridges. The remainder of the funds would be used to construct and surface existing or new highways and constructing or repairing bridges.
- All proceeds from the bonds shall remain separate from all other funds.
- Distributors, retail dealers or storers of gasoline shall pay a one-time excise tax for the selling, distributing or withdrawing from storage gas, except those entities that sell gasoline in interstate commerce. The excise tax would be levied at one cent and would create a sinking fund for the payment of the principal and interest of the bonds, which would be exempt from taxes forever.[1]
Election results
| Alabama Amendment 1 (1931) |
|---|
| Result | Votes | Percentage |
 d No | 64,613 | 67.55% |
| Yes | 31,034 | 32.45% |
Election results via: Alabama Official and Statistical Register, 1935
See also
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