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Alaska Bonding Proposition B, Transportation Bond Measure (2002)
| Alaska Proposition B | |
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| Election date |
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| Topic Bond issues and Highways and bridges |
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| Status |
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| Type Bond issue |
Origin |
Alaska Proposition B was on the ballot as a bond issue in Alaska on November 5, 2002. It was approved.
A "yes" vote supported issuing $226,719,500 in bonds for transportation projects in Alaska. |
A "no" vote opposed issuing $226,719,500 in bonds for transportation projects in Alaska. |
Election results
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Alaska Proposition B |
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| Result | Votes | Percentage | ||
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150,404 | 67.75% | ||
| No | 71,580 | 32.25% | ||
Text of measure
Ballot title
The ballot title for Proposition B was as follows:
| “ | BONDING PROPOSITION B State Guaranteed Transportation Revenue Anticipation Bonds $102,805,000 State General Obligation State Transportation Projects Bonds $123,914,500 Total Bond Authorization $226,719,500 (Ch. 114, SLA 2002) Shall the State of Alaska issue state guaranteed transportation revenue anticipation bonds in the principal amount of not more than $102,805,000 for the purpose of paying the cost of accelerated Alaska transportation projects qualifying for federal highway aid, and shall the State of Alaska issue general obligation bonds in the principal amount of not more than $123,914,500 for the purpose of paying the cost of state transportation projects? 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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