Nevada Question 9, State Parks Bond Measure (1970)
| Nevada Question 9 | |
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| Election date |
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| Topic Bond issues and Parks, land, and natural area conservation |
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| Status |
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| Type Bond issue |
Origin |
Nevada Question 9 was on the ballot as a bond issue in Nevada on November 3, 1970. It was approved.
A "yes" vote supported authorizing $5 million in state bonds to acquire land or property for the state park system. |
A "no" vote opposed authorizing $5 million in state bonds to acquire land or property for the state park system. |
Election results
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Nevada Question 9 |
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| Result | Votes | Percentage | ||
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48,327 | 62.39% | ||
| No | 29,133 | 37.61% | ||
Text of measure
Ballot title
The ballot title for Question 9 was as follows:
| “ | Question No. 9. Shall—The State of Nevada, be authorized to incur an indebtedness by the issuance of the State’s negotiable, coupon, general obligation bonds, in one series or more, in the aggregate principal amount of $5,000,000.00, or so much thereof as may be necessary, for the purpose of purchasing, condemning or otherwise acquiring real or personal property, or a combination thereof, for the state park system, such bonds to bear interest at a rate or rates of not more than seven per centum (7%) per annum, to mature serially ending not later than twenty (20) years from the date or respective dates of the bonds, to be payable from general (ad valorem) taxes (except to the extent other moneys are available therefor), and to be issued and sold at, above or below par at an effective interest rate to maturity (including any sale discount) of not more than seven per centum (7%) per annum, and otherwise in such manner, upon such terms and conditions, with such covenants and agreements, and with such other detail as the State General Obligation Bond Commission may determine, including at its option but not necessarily limited to provisions for the redemption of bonds prior to maturity without or with the payment of a premium? | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
A simple majority vote is required during one legislative session for the Nevada State Legislature to place a bond measure on the ballot. That amounts to a minimum of 22 votes in the Nevada State Assembly and 11 votes in the Nevada State Senate, assuming no vacancies. In Nevada, bonds cannot exceed 2% of the assessed valuation of the state, with exceptions made "for the protection and preservation of any of its property or natural resources, or for the purposes of obtaining the benefits thereof, however arising and whether arising by or through any undertaking or project of the United States or by or through any treaty or compact between the states." Bond issues require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Nevada Carson City (capital) |
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