Hawaii Debt Limits and Exclusions, Amendment 12 (1978)
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The Hawaii Debt Limits and Exclusions, Amendment 12, also known as Amendment 12, was on the ballot in Hawaii on November 7, 1978, as a convention referred constitutional amendment. It was approved. The amendment proposed two new additions to the constitution: Article VII, Sections 11 and 13. The amendments stated that they would limit the principal and interest on state debt to a percentage of general fund revenues; prohibit the legislature from approving more bonds than are allowed under the debt limit; required that each general obligation bond be repaid within twenty-five years; excluded certain bonds from the state and county debt limits; and automatically canceled appropriations financed by general obligation bonds or general funds if not under contract or spent within three years.[1]
Election results
Hawaii Amendment 12 (1978) | ||||
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Result | Votes | Percentage | ||
![]() | 178,358 | 70.71% | ||
No | 73,868 | 29.29% |
Election results via: Referenda and Primary Elections for Hawaii, 1968-1990
See also
External links
Footnotes
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State of Hawaii Honolulu (capital) |
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