Georgia Amendment 15, Repayment of Bonded Indebtedness Measure (1976)
| Georgia Amendment 15 | |
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| Election date |
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| Topic County and municipal governance and State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Georgia Amendment 15 was on the ballot as a legislatively referred constitutional amendment in Georgia on November 2, 1976. It was approved.
A "yes" vote supported allowing local governments to invest sinking funds for bond repayment in federally insured accounts and certificates. |
A "no" vote opposed allowing local governments to invest sinking funds for bond repayment in federally insured accounts and certificates. |
Election results
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Georgia Amendment 15 |
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| Result | Votes | Percentage | ||
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600,339 | 66.27% | ||
| No | 305,606 | 33.73% | ||
Text of measure
Ballot title
The ballot title for Amendment 15 was as follows:
| “ | Shall the Constitution be amended so as to authorize any county, municipality or subdivision to invest sinking funds held by it to pay off bonded indebtedness in accounts and certificates fully insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation? | ” |
Path to the ballot
- See also: Amending the Georgia Constitution
A two-thirds (66.67%) vote is required during one legislative session for the Georgia State Legislature to place an amendment on the ballot. That amounts to a minimum of 120 votes in the Georgia House of Representatives and 38 votes in the Georgia State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
Footnotes
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State of Georgia Atlanta (capital) |
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