Alaska Bonding Proposition A, State Veterans Mortgage Bond Measure (2002)
| Alaska Proposition A | |
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| Election date |
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| Topic Bond issues and Housing assistance programs |
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| Status |
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| Type Bond issue |
Origin |
Alaska Proposition A was on the ballot as a bond issue in Alaska on November 5, 2002. It was approved.
A "yes" vote supported issuing $500 million in bonds for purchasing mortgage needs for qualifying veterans. |
A "no" vote opposed issuing $500 million in bonds for purchasing mortgage needs for qualifying veterans. |
Election results
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Alaska Proposition A |
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| Result | Votes | Percentage | ||
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156,158 | 70.03% | ||
| No | 66,836 | 29.97% | ||
Text of measure
Ballot title
The ballot title for Proposition A was as follows:
| “ | BONDING PROPOSITION A State Guaranteed Veterans Residential Mortgage Bonds $500,000,000 (Ch. 34, SLA 2002) Shall the State of Alaska unconditionally guarantee as a general obligation of the state the payment of principal and interest on revenue bonds of the Alaska Housing Finance Corporation issued in the principal amount of not more than $500,000,000 for the purpose of purchasing mortgages made for residences for qualifying veterans, as defined by law? Bonds YES Bonds NO | ” |
Path to the ballot
In Alaska, voter approval is required for state bond issues. Exceptions are made for bond issues for capital improvements, housing loans for veterans, or bond issues made for the purpose of "repelling invasion, suppressing insurrection, defending the State in war, meeting natural disasters, or redeeming indebtedness outstanding at the time this constitution becomes effective." State bond issues require the governor's signature to be referred to the ballot.
A simple majority vote is required during one legislative session for the Alaska State Legislature to place a bond issue on the ballot. That amounts to a minimum of 21 votes in the Alaska House of Representatives and 11 votes in the Alaska State Senate, assuming no vacancies.
See also
External links
Footnotes
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State of Alaska Juneau (capital) |
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