The Alabama State Parks Funding, Amendment 2, also known as Amendment 2, was on the ballot in Alabama on December 5, 1967, as a legislatively referred constitutional amendment. It was approved. The amendment proposed to amend the constitution. The amendment stated the following: "The State of Alabama is authorized to become indebted for acquiring, providing, constructing, developing, and equipping state parks and park facilities, and in evidence of the indebtedness so incurred to issue and sell, in addition to all other bonds of the State, interest bearing general obligation bonds of the State, not exceeding forty-three million dollars (43,000,000) in principal amount. The proceeds from the sale of any such bonds shall, after payment of the reasonable and necessary expenses of their issuance, be set aside in the state treasury in a special trust fund designated "State Parks Bond Proceeds Fund" and shall be disbursed therefrom on order of the Director of Conservation, approved by the Governor, for payment of costs of acquiring, providing, constructing, developing and equipping state parks and park facilities; provided, that any proceeds held in the State Parks Bond Proceeds Fund for more than thirty days shall be invested in securities which are direct and general obligations of the United States of America. The said bonds shall be direct general obligations of the state, and for the prompt and faithful payment of the principal thereof and interest thereon the full faith and credit of the state are hereby irrevocably pledged. In addition thereto, there is hereby specially and irrevocably pledged for payment of the principal of and interest on said bonds, pro rata and without priority of one bond over another by reason of prior issuance or otherwise, so much as may be necessary for said purpose of that portion of an additional privilege and license tax on the sale, storage, use, consumption, or delivery of cigarettes, levied by an act introduced at the 1967 Regular Session of the Legislature of Alabama as Senate Bill 280, that was appropriated in the said act to the development of state parks and state park facilities. The said special pledge shall create a charge on the tax proceeds herein specially pledged prior to all other charges or expenses for state park purposes or any other purposes whatever."[1]
Election results
Alabama Amendment 2 (December 1967) |
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Result | Votes | Percentage |
a Yes | 62,650 | 68.26% |
No | 29,125 | 31.74% |
Election results via: Alabama Official and Statistical Register, 1967
See also
External links