New Jersey Public Question 3, Water Supply Bond Act (1997)
New Jersey Public Question 3 was on the November 4, 1997 ballot in New Jersey as a legislatively referred state statute, where it was approved.
Public Question 3 amended the "Water Supply Bond Act of 1989" to authorize the Department of Environmental Protection and the New Jersey Environmental Infrastructure Trust to use bonds issued under the 1989 act to provide loans or loan guarantees to local governments to plan, design and construct water supply facilities.
Election results
| Public Question 3 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 1,006,029 | 62.27% | |||
| No | 609,620 | 37.73% | ||
Ballot question
|
Shall the amendments and supplementary language to the "Water Supply Bond Act of 1981," which authorize the Department of Environmental Protection and the New Jersey Environmental Infrastructure Trust to use moneys from such bonds to provide loans and loan guarantees to local governments to plan, design and construct water supply facilities, which limit the authority of the state to use bond moneys to cover administrative costs incurred therewith which authorize the Trust to use interest earnings on bond moneys to cover administrative costs incurred therewith, and which establish reserve and guarantee accounts in conjunction therewith, be approved? |