Georgia Amendment 8, State Finances and Debt Amendment (1972)

Georgia Amendment 8
Election date November 7, 1972
Topic Debt limits and State and local government budgets, spending, and finance
Status Approved
Type Legislatively referred constitutional amendment	Origin State legislature

Georgia Amendment 8 was on the ballot as a legislatively referred constitutional amendment in Georgia on November 7, 1972. It was approved.

A "yes" vote supported creating a new method of financing the State, prohibiting certain contracts, limiting public debt, and establishing the Georgia State Financing and Investment Commission.

A "no" vote opposed creating a new method of financing the State, prohibiting certain contracts, limiting public debt, and establishing the Georgia State Financing and Investment Commission.

Election results

Georgia Amendment 8
Result		Votes	Percentage
Yes		476,435	66.96%
No		235,038	33.04%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Amendment 8 was as follows:

“

Shall the Constitution be amended so as to provide for a new and more effective method of financing the State's needs; to prohibit State institutions, departments and agencies from entering into any contract with any public agency, corporation or authority which such contract is intended to secure debt of such agency, corporation or authority; to authorize the incurring of public debt under the new method of financing; to provide for the payment of such debt; to limit the issuance of such debt; and to create the Georgia State Financing and Investment Commission?

”

Full Text

The full text of this measure is available here.

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

1972 Measures

• 1972 Measures
• State and local government budgets on the ballot
• spending on the ballot
• and finance on the ballot
• Debt limits on the ballot
• 1972 legislative sessions

Georgia

• Georgia ballot measures
• Georgia ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls