New Mexico Bond Act: Educational Capital Improvements (1986)
From Ballotpedia
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The New Mexico Bond Act: Educational Capital Improvements, also known as Educational Bond Act, was on the ballot in New Mexico on November 4, 1986, as a legislatively referred constitutional amendment. It was approved. The bond act allowed for the issuance of $35 million in funds for capital expenditures at certain educational institutions.[1]
Election results
| New Mexico Educational Bond Act (1986) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 153,317 | 59.46% | ||
| No | 104,540 | 40.54% | ||
Election results via: New Mexico Secretary of State
Text of measure
The question on the ballot:
| THE EDUCATIONAL CAPITAL IMPROVEMENTS BOND ACT AUTHORIZING ISSUANCE AND SALE OF EDUCATIONAL CAPITAL IMPROVEMENT BONDS: The Educational Capital Improvements Bond Act authorizes the issuance and sale of educational capital improvements bonds in the year 1987 in an amount up to thirty-five million dollars ($35,000,000) to provide funds for capital expenditures at certain state educational institutions, state-supported post-secondary educational institutions and public schools and provides for a general ad valorem property tax levy for payments of interest and principal of the bonds.[2] |
See also
- New Mexico 1986 ballot measures
- 1986 ballot measures
- List of New Mexico ballot measures
- History of Initiative & Referendum in New Mexico
External links
Footnotes
- ↑ Inter-university Consortium for Political and Social Research, "Part 43: Referenda Elections for New Mexico," accessed August 5, 2015
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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