New Mexico Bond Act: The 1990 Capital Projects General Obligation Bond Act (1990)
From Ballotpedia
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The New Mexico Bond Act: The 1990 Capital Projects General Obligation Bond Act, also known as General Obligation Bond Act, was on the ballot in New Mexico on November 6, 1990, as a legislatively referred constitutional amendment. It was defeated. The bond act would have allowed for the issuance of $45.72 million in bonds for capital expenditures.[1]
Election results
| New Mexico General Obligation Bond Act (1990) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 160,372 | 51.97% | ||
| Yes | 148,214 | 48.03% | ||
Election results via: New Mexico Secretary of State
Text of measure
The question on the ballot:
| A.The 1990 Capital Projects General Obligaion Bond Act authorizes the issuance and sale of Educational Bonds. Shall the State of New Mexico be authorized to issue general obligation bonds in an amount not to exceed forty-five million seven hundred twenty thousand dollars ($45,720,000) to make capital expenditures for state public educational capital improvements and acquisitions, and provide for general property tax imposition and levy for payment of principal of and interest on the bonds and expenses for the collection of the tax, as permitted by law?[2] |
See also
- New Mexico 1990 ballot measures
- 1990 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 12, 2015
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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