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Nebraska Referendum 1, Bank Charters Referendum (1922)
| Nebraska Referendum 1 | |
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| Election date |
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| Topic Banking policy and Business regulations |
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| Status |
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| Type Veto referendum |
Origin |
Nebraska Referendum 1 was on the ballot as a veto referendum in Nebraska on November 7, 1922. It was approved.
A "yes" vote supported requiring that the establishment of a bank must demonstrate public convenience, advantage, and necessity. |
A "no" vote opposed requiring that the establishment of a bank must demonstrate public convenience, advantage, and necessity. |
Election results
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Nebraska Referendum 1 |
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| Result | Votes | Percentage | ||
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172,675 | 53.64% | ||
| No | 149,240 | 46.36% | ||
Text of measure
Ballot title
The ballot title for Referendum 1 was as follows:
| “ | The part of the act referred requires that before a bank may be chartered it must be shown that its establishment will be for the public convenience, advantage and necessity. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
A veto referendum is a citizen-initiated ballot measure that asks voters whether to uphold or repeal an enacted law. This type of ballot measure is also called statute referendum, popular referendum, people's veto, or citizen's veto. There are 23 states that allow citizens to initiate veto referendums.
In Nebraska, the number of signatures required for a veto referendum is equal to 5% of registered voters at the signature deadline for a referendum and 10% of registered voters to suspend the law until the referendum. Nebraska also has a distribution requirement that requires initiative proponents to collect signatures from 5% of the registered voters in two-fifths (38) of Nebraska's 93 counties. Signatures for veto referendums are due 90 days following the final adjournment of the legislative session at which the targeted bill was passed. A simple majority vote is required for voter approval. However, the number of affirmative votes cast for the measure must be greater than 35% of the total votes cast in the election.
See also
External links
Footnotes
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State of Nebraska Lincoln (capital) |
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