Arkansas Higher Education Technology and Facility Bonds, Referred Question 1 (2006)
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The Arkansas Higher Education Technology and Facility Bonds Referred Question, also known as Referred Question 1, was on the ballot in Arkansas on November 7, 2006, as a legislatively referred bond question, where it was approved. The measure allowed the state to issue up to $250 million in bonds to finance the development of technology and facility improvement projects for state institutions of higher education.[1][2]
Election results
| Arkansas Referred Question 1 (2006) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 493,813 | 68.65% | ||
| No | 225,460 | 31.35% | ||
Election results via: Arkansas Secretary of State
Text of measure
The question on the ballot:
| Authorizing the Arkansas Development Finance Authority to issue State of Arkansas Higher Education General Obligation Bonds (the "bonds") in a total principal amount not to exceed two hundred fifty million dollars ($250,000,000) in one (1) or more series from time to time for the purpose of financing the cost of developing technology and facility improvement projects for state institutions of higher education and financing the cost of refunding bonds issued under the Arkansas College Savings Bond Act of 1989. However, that the outstanding principal amount of bonds issued under the Arkansas Higher Education Technology and Facility Improvement Act of 2005 and the Arkansas College Savings Bond Act of 1989 shall not have scheduled debt service payments on a combined basis in excess of twenty-four million dollars ($24,000,000) in any one (1) fiscal year.
The bonds shall be general obligations of the State of Arkansas, payable from general revenues of the state and also secured by the full faith and credit of the State of Arkansas, including its general revenues. The bonds shall be issued pursuant to the authority of and the terms set forth in the Arkansas Higher Education Technology and facility Improvement Act of 2005.[2][3] |
See also
- Arkansas 2006 ballot measures
- 2006 ballot measures
- List of Arkansas ballot measures
- History of Initiative & Referendum in Arkansas
External links
Footnotes
- ↑ Arkansas Secretary of State, "Initiatives and Amendments 1938-2010," accessed September 1, 2015
- ↑ 2.0 2.1 University of Arkansas, "State Ballot Issues in Arkansas," accessed September 1, 2015
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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