Arkansas College Savings Bonds, Proposed Question Act 683 (1990)

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The Arkansas College Savings Bond Proposed Question Act, also known as Proposed Question Act 683, was on the ballot in Arkansas on November 6, 1990, as a legislatively referred state statute. It was approved. The measure authorized the Arkansas Development Finance Authority to issue up to $300 million in bonds to finance higher education projects.[1][2]

Election results

Arkansas Proposed Question Act 683 (1990)
ResultVotesPercentage
Approveda Yes324,41557.71%
No237,74342.29%

Election results via: Arkansas Secretary of State

Text of measure

The question on the ballot:

AN ACT AUTHORIZING THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY TO ISSUE STATE OF ARKANSAS COLLEGE SAVINGS GENERAL OBLIGATION BONDS IN THE TOTAL PRINCIPAL AMOUNT OF NOT EXCEEDING $300,000,000 IN SERIES FROM TIME TO TIME. IN PRINCIPAL AMOUNTS NOT TO EXCEED, WITHOUT PRIOR APPROVAL OF THE GENERAL ASSEMBLY, $100.000,000 IN ANY FISCAL BIENNIUM, FOR THE PURPOSE OF FINANCING HIGHER EDUCATION PROJECTS TO SERVE THE INHABITANTS OF THE STATE OF ARKANSAS; PRESCRIBING OTHER MATTERS RELATING THERETO; AND FOR OTHER PURPOSES.[2][3]

See also


External links

Footnotes

  1. ↑ Arkansas Secretary of State, "Initiatives and Amendments 1938-2010," accessed August 27, 2015
  2. ↑ 2.0 2.1 Inter-university Consortium for Political and Social Research, "Referenda Elections for Arkansas," accessed August 27, 2015
  3. ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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